The latest data on the parent fund is here: the total scale is 3.48 trillion yuan, with the new scale in the first half of the year halved, and S funds becoming the highlight.

Recently, the Mother Fund Research Center released the "2025 China Mother Fund Overview Report for the First Half of the Year", revealing the latest data on Chinese mother funds as of June 30, 2025. The report shows that the total management scale of the 460 mother funds included in the statistics in the first half of the year reached 3.485 trillion yuan, a decrease of 23.7% compared to the end of 2024. Among them, a total of 33 new mother funds were established in the first half of the year, including 31 government-guided funds and only 2 market-oriented mother funds. The total size of the newly established mother funds in the first half of the year was 197.017 billion yuan, with government-guided funds accounting for 79.804 billion yuan and market-oriented mother funds accounting for 8 billion yuan, both showing a significant decrease compared to the previous year, with decreases of 66% and 50% respectively. In terms of investment, the total investment scale of Chinese mother funds in the first half of 2025 was 333.8 billion yuan, a decrease of 7.2% compared to 379.1 billion yuan in the first half of 2024. It is worth noting that the investment scale of Chinese S funds in the first half of the year was 33.5 billion yuan, a significant increase of 95.9% compared to 17.1 billion yuan in the same period last year, demonstrating a vigorous development trend.