整体发行环比增加，主动权益型发行持续回暖

Overall Situation - The total issuance scale of funds in December 2024 increased, with 1,495 billion units issued, a rise of 21 billion units month-on-month. However, compared to December 2023, the issuance scale decreased by 437 billion units [2][14]. - The number of new fund products reached 111 in December 2024, an increase of 13 products month-on-month but a decrease of 41 products year-on-year [14]. Active Equity Funds - The issuance scale of active equity funds continued to improve, with 87 billion units issued in December 2024, an increase of 46 billion units month-on-month. The issuance trend has been recovering since September 2023 [25][28]. - Among the 20 new active equity funds issued in December, 16 were mixed equity funds, totaling 80 billion units, accounting for 91.7% of the issuance [28][31]. Passive Equity Funds - The issuance scale of passive equity funds decreased significantly, with 275 billion units issued in December 2024, a drop of 762 billion units month-on-month. Despite this decline, the issuance remains above the average level of the past two years [33][36]. - In December, 57 new passive equity funds were issued, with 47 being passive index funds, indicating a preference for tracking indices rather than active management [36][37]. Bond Funds - The issuance scale of bond funds saw a significant rebound, with 1,095 billion units issued in December 2024, an increase of 711 billion units month-on-month. This level is above the average of the past two years [39][41]. - Among the 35 new bond funds issued, 19 were medium- to long-term pure bond funds, totaling 523 billion units, which accounted for 48% of the issuance [41][45]. QDII Funds - The issuance scale of QDII funds slightly rebounded, with 2 billion units issued in December 2024, an increase of 2 billion units month-on-month. However, this remains at a relatively low level compared to the past two years [46][50]. FOF Funds - The issuance scale of FOF funds experienced a slight decline, with 3 billion units issued in December 2024, a decrease of 3 billion units month-on-month. The issuance remains low compared to historical levels [51].