China private securities product filings rose 49.15% YoY in the first five months to 6,530 from 4,378. Equity-strategy products drove the increase, with 4,222 filings (+51.11% YoY) accounting for roughly 65% of total filings, supported by firmer A-share trading activity. Index-enhanced strategies were the fastest-growing subset: 1,603 filings (+73.30% YoY), about 38.0% of equity-strategy filings. Filings remain concentrated among large private managers; firms with assets under management above 1

China private securities product filings rose 49.15% YoY in the first five months to 6,530 from 4,378. Equity-strategy products drove the increase, with 4,222 filings (+51.11% YoY) accounting for roughly 65% of total filings, supported by firmer A-share trading activity. Index-enhanced strategies were the fastest-growing subset: 1,603 filings (+73.30% YoY), about 38.0% of equity-strategy filings. Filings remain concentrated among large private managers; firms with assets under management above 10 billion yuan form the primary first-tier of private securities product registrants.