China Securities Private Asset Management Hits 6.62 Trillion Yuan, 10th Straight Monthly Gain

The headline number is less telling than the composition: fixed-income products now account for nearly four-fifths of the total, so this is a story about steady, rate-sensitive accumulation rather than a broad risk-appetite revival. It matters for securities firms competing for fee income in a channel where scale keeps building even as equity-linked demand stays thin. Whether the fixed-income share keeps rising, or the growth broadens into other product categories, is the open question.