Report of the China Banking Association: Last year, the scale of asset management product trust increased by more than 12% in China, and asset custodians are transforming into comprehensive service providers.

Recently, the China Banking Association released the "Chinese Asset Custody Industry Development Report". It disclosed that by the end of 2024, the scale of asset management products custody in the Chinese banking industry was 182.20 trillion yuan, an increase of 12.64% from the previous year. The total size of custody services for customer funds reached 239.90 trillion yuan, and the scale of asset management product outsourcing business was 8.88 trillion yuan. The report believes that asset custody institutions are transitioning from the traditional role of "gatekeepers of the capital market" to comprehensive service providers, and the development of technology finance is continuously driving the digitization of custody operations. With the constant acceleration of financial reform and opening up in China, the development of custody business is facing more opportunities and challenges.