China's Custody Industry Assets Reach RMB 198.84 Trillion at End-2025
A report by the China Banking Association shows that the country's asset custody industry ended 2025 with RMB 198.84 trillion in assets under custody, up 9.13% year on year. The industry expanded steadily while its business mix continued to improve and its effectiveness in serving the real economy rose, according to the China Asset Custody Industry Development Report (2026).
The China Asset Custody Industry Development Report (2026) shows that the custody industry operated on a generally steady and improving trajectory. At the end of 2025, assets under custody reached RMB 198.84 trillion, an increase of 9.13% year on year.
Alongside the steady expansion in scale, the industry's business structure continued to improve, and its effectiveness in serving the real economy rose steadily.
Asset custody primarily refers to banks, entrusted by asset management institutions such as fund companies or wealth management companies, safekeeping investors' assets and supervising the investment operations of those assets.
Why this event matters
The event has a measured impact on 5 industrys. The strongest current signal is positive for State-owned Banks, with intensity 40/100 and 70% confidence over a medium term horizon.
State-owned Banks
- Direction
- positive
- Intensity
- 40
- Confidence
- 70%
- Horizon
- Medium term
Commercial Banks
- Direction
- positive
- Intensity
- 40
- Confidence
- 70%
- Horizon
- Medium term
Public Funds
- Direction
- positive
- Intensity
- 35
- Confidence
- 65%
- Horizon
- Medium term
Regional Banks
- Direction
- positive
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Medium term
Securities Firms
- Direction
- positive
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.