The rectification of large-scale asset management by securities firms is accelerating, and the 30 billion scale product has announced a delay

The rectification of large collective asset management products by securities firms is accelerating. Recently, a large collective product under Galaxy JinHui Asset Management, with over 30 billion yuan, announced a postponement until the end of this year, after which it will be converted into a public offering product of Galaxy Fund. This is the second largest existing large collective product by scale among securities firms. The largest existing large collective product is from Ping An Securities, which has already been confirmed to be liquidated after maturity. Data shows that the total scale of existing large collective products by securities firms is 310.4 billion yuan, with the top ten products accounting for 224.9 billion yuan. All top ten products are set to mature successively before the end of this year. According to Securities China reporters, this round of rectification of large collective products by securities firms has lasted nearly seven years, which is later than originally scheduled. Market rumors suggest that the end of this year is the deadline for rectification. The reporter noted that the latest postponement found for the products is until the end of December this year