A recent industry report indicates that China's asset management sector maintained stable growth, reaching a total scale of 184.53 trillion yuan by the conclusion of 2025. The report, focusing on domestic asset management trends, highlights the collaborative and competitive landscape shaped by various financial institutions following the implementation of new asset management regulations.

The industry's structure now encompasses multiple segments, including bank wealth management products, public funds, insurance asset management, trust services, securities firms' asset management, and private funds. By the end of 2025, the total assets under management had increased by approximately 13.1% compared to the previous year. Specifically, bank wealth management products accounted for 33.29 trillion yuan, public funds for 37.71 trillion yuan, and private funds for 22.15 trillion yuan. Additionally, pension funds managed by fund companies reached 6.85 trillion yuan, while private asset management business by securities and futures institutions totaled 12.30 trillion yuan. Insurance fund utilization stood at 37.46 trillion yuan, and trust assets managed by trust companies amounted to 32.43 trillion yuan.

The number of outstanding bank wealth management products grew to 46,300 by year-end, marking a 14.89% increase from the beginning of 2025. Fixed-income products dominated the market in terms of scale, with a balanced distribution between open-end and closed-end product structures. Although the number of new products issued by wealth management companies saw a slight decline in the fourth quarter of 2025, product diversity continued to expand, with joint-stock banks' wealth management subsidiaries remaining the primary issuers.