On December 30, the Asset Management Association of China released the monthly report on private fund management products filed by securities and futures management institutions in November. In November 2024, a total of 928 private fund management products were filed by securities and futures management institutions, an increase of 94.55% on a month-on-month basis and 9.95% on a year-on-year basis; with a total establishment scale of 44.084 billion yuan, an increase of 35.86% on a month-on-month basis and a decrease of 28.70% on a year-on-year basis. By institution type, securities companies and their subsidiaries had the highest proportion of filed private fund management products in November. By product type, the average establishment scale of collective products filed in November was 67 million yuan per product, a decrease of 33.00% on a month-on-month basis, while the average establishment scale of individual products was 28 million yuan per product, a decrease of 7.85% on a month-on-month basis. In terms of investment type, fixed-income products were the main investment type for filed products in November. Private fund management product existence situation As of the end of November 2024, the total scale of private fund management products managed by securities and futures management institutions was 12.21 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 262.02 billion yuan from the end of the previous month, a decrease of 0.21%. By product type, the number and scale of existing single asset management plans and collective asset management plans are similar. By investment type, fixed-income products account for the largest proportion of both quantity and scale among the four types of products, followed by mixed-type products in terms of quantity, equity-type products in terms of scale, and futures and derivative products with small quantities and scales. Distribution of private fund management product scale managed by securities and futures management institutions As of the end of November 2024, on average securities companies and their asset management subsidiaries managed private fund management products with an average scale of 570.19 billion yuan and a median scale of 201.60 billion yuan; securities companies' private fund subsidiaries managed an average of 84.60 billion yuan in private funds and a median scale of 22.11 billion yuan; fund management companies managed an average of 347.69 billion yuan in private fund management products and a median scale of 90.95 billion yuan; fund subsidiaries managed an average of 185.27 billion yuan in private fund management products and a median scale of 38.20 billion yuan; futures companies and their asset management subsidiaries managed private fund management products with an average scale of 29.21 billion yuan and a median scale of 2.31 billion yuan. (For the distribution of private fund management product scale managed by securities and futures management institutions, refer to Figures 3 to 7)