In the first half of the year, the investment scale of Fund S nearly doubled compared to the same period last year.

Recently, the Mother Fund Research Center released the "2025 Half-Yearly Panoramic Report on Chinese Mother Funds", which showed that the scale of Chinese S Fund investments reached 33.5 billion RMB, a 95.9% increase compared to the first half of 2024. With the dual drivers of policy and the market, long-standing issues in the S Fund industry such as valuation pricing, liquidity challenges, and ecosystem development are being systematically addressed.