经济新闻
中国近半数公募基金管理扎根上海 2026-05-21
Shanghai is home to 75 public fund managers at the end of April, accounting for 45 percent of China's total and ranking first nationwide, according to data from the Shanghai Securities Regulatory Bureau.
The city also has 36 futures companies, or 24 percent of the national total, placing it first in that category as well. Its private fund sector included 3,560 managers overseeing more than 40,000 products and more than 6 trillion yuan (US$831 billion) in assets.
The figures underline Shanghai's growing role as a full-chain asset-management hub, with public funds, private funds, futures firms, foreign asset managers and service providers concentrated in one market.
Shanghai's public fund industry has continued to expand in equity and index products. At the end of the first quarter, equity public funds managed in the city reached 3.35 trillion yuan, up 20 percent year on year, accounting for 23 percent of the local public fund market.
Index equity funds in Shanghai reached 1.56 trillion yuan, up 33 percent year on year, while exchange-traded funds stood at 1.74 trillion yuan, according to the report.
Private funds are another major pillar. At the end of April, Shanghai accounted for 19 percent of China's private fund managers, nearly 30 percent of private fund products and 27 percent of private fund assets. The city also had 1,633 private equity and venture capital managers overseeing more than 9,300 funds with about 2.5 trillion yuan in assets.
More than 100 private fund firms with at least 10 billion yuan in assets were based in Shanghai, representing about 28 percent of the national total. Of those, 57 were securities-focused private fund managers.
Foreign asset managers have also continued to cluster in the city. Shanghai had seven wholly foreign-owned public fund companies and 23 Sino-foreign joint-venture public fund companies at the end of April, with combined assets under management of more than 10 trillion yuan.
The city was also home to 125 wholly foreign-owned or foreign-controlled private fund managers, with about 350 billion yuan in assets under management.
Shanghai's futures and derivatives sector adds another layer to the asset-management ecosystem. The city's 36 futures companies reported 142 billion yuan in revenue and 40 billion yuan in net profit in 2025. By the end of March, futures asset-management products in Shanghai exceeded 1,500, with nearly 180 billion yuan in assets.
The concentration of fund managers, futures firms, cross-border products, custodians, distributors and valuation service providers has made Shanghai a key meeting point for capital, products, trading and risk-management services in China's asset-management market.
Source: City News Service
