Wu Qing: The fund industry serves more than 860 million investors, with a penetration rate of 60%.

CSRC issued a speech by Wu Qing at the fourth member representative assembly of the China Securities Investment Fund Industry Association. Wu Qing pointed out that in recent years, the industry has actively adapted to the diversified asset allocation needs of residents, accelerated the development of index, allocation, and absolute return products, and served more than 860 million investors with a penetration rate of 60%. Among them, the scale of public funds has exceeded 39 trillion yuan, with a total dividend of 2.5 trillion yuan in the past five years, creating a profit of 3.6 trillion yuan for investors. It has become one of the important channels for investors to share the dividends of China's economic development. The scale of private securities investment funds exceeds 7.8 trillion yuan, nearly doubling since the end of the "13th Five-Year Plan", playing an increasingly important role in meeting the differentiated asset allocation needs.