Monthly report on the filing of private asset management products of operating institutions (January 2024).
1. Filing of private asset management products
In January 2024, a total of 803 private asset management products were filed by ** operating institutions, a decrease of 16% month-on-month and a year-on-year increase of 65%; The establishment scale was 52.7 billion yuan, an increase of 19% month-on-month and 79% year-on-year (see Figure 1).
Among the 803 products filed in January, 69% were products of ** company and its subsidiaries, and 22% were products of ** company and its subsidiaries (see Table 1).
In terms of product types, the average single establishment scale of collective products filed in January increased significantly, higher than the average single establishment scale of 34% in the past year (see Table 2).
In terms of investment types, the products filed in January were mainly fixed income and hybrid products (see Table 3).
2. Existence of private asset management products
As of the end of January 2024, the total scale of private asset management business of ** operating institutions is 1213 trillion yuan (excluding social security** and enterprise annuities), a decrease of 2.278.6 billion yuan or 22%。(See Figure 2 for the distribution of the scale of surviving products of operating institutions).
In terms of product types, the number and scale of single asset management plans are higher than those of collective asset management plans (see Table 4).
From the perspective of investment types, the number and scale of fixed income products accounted for the largest proportion of the four types of products, with the number of hybrid products ranking second, the scale of equity products ranking second, and the number and scale of ** and derivatives products were small (see Table 5).
3. Distribution of the scale of private asset management business managed by operating institutions
As of the end of January 2024, ** and its asset management subsidiaries managed an average of RMB54.6 billion in private asset management business, with a median AUM of RMB22.9 billion. **The average private placement management of the company's private equity subsidiaries is 8.5 billion yuan, and the median management scale is 2.3 billion yuan; **The average scale of private asset management business managed by the management company is 35.9 billion yuan, and the median management scale is 9.6 billion yuan; **The average scale of private asset management business managed by subsidiaries is RMB19.8 billion, with a median AUM of RMB5.4 billion; **The Company and its asset management subsidiaries manage an average of RMB2.4 billion in private asset management business, with a median AUM of RMB400 million. (*See Figures 3 to 7 for the distribution of the scale of private asset management business managed by operating institutions).
Note: 1] The statistical data in this article include the data of the private placement of the company's private equity subsidiaries and the private equity subsidiaries of the management company, excluding the social security of the management company, the basic pension, the enterprise (occupational) annuity, etc., and the enterprise asset products managed by the company and its subsidiaries are not included.
2] The establishment scale refers to the initial scale or fundraising scale of the product at the time of filing, and the establishment scale of the private equity subsidiaries of ** companies and ** private equity subsidiaries of management companies refers to the paid-in scale at the time of filing.
3] The scale of existence refers to the net asset value of the products in operation at the end of the month, and the scale of the private placement of the company's private equity subsidiaries and the private placement of the management company refers to the paid-in scale at the end of the month. Due to the re-reporting and updating of data by industry institutions after the statistical time point, the scale of existence may be adjusted compared with the end of the previous month.
4] The statistical scope of the scale distribution in this paper is: managers of products in operation as of the statistical time.
5] Due to rounding, there may be cases in this article where the sum of the itemized data is not equal to the total data.
*: China Investment Industry Association.
Editor: Mo Fan.
Process Editor: Guo Dan.