2025年8月新基金发行报告（新基金受理与机构新设篇）：时隔10月再增香港互认基金申请，ETF-FOF产品有望扩容

Group 1 - The core viewpoint of the report indicates that index funds remain a key focus for fund companies, although the pace of issuance may slow down, with 60 index funds approved in August, a decrease of 6 from the previous month [1][4][12] - In August, there were 4 new applications for Hong Kong mutual recognition funds, marking the first increase since October 2024, which may be related to recent regulatory arrangements by the CSRC [1][5][7] - The approval speed for the 4 new Hong Kong mutual recognition fund applications was significantly faster than that of the applications made in October last year, indicating improved market responsiveness [5][7][8] Group 2 - The "Action Plan for Promoting High-Quality Development of Public Funds" has led to a more detailed performance benchmark for newly approved FOF products, with an average of 4 asset types involved, including A-shares, A-bonds, Hong Kong stocks, US stocks, and gold [2][12][14] - ETF-FOF products are expected to expand, benefiting from the growth of the ETF market and the recovery of FOF issuance, with 11 fund managers applying for 15 ETF-FOF products this year [2][15][16] - The total issuance scale of FOF products from January to August this year reached 37.641 billion yuan, which is 3.25 times that of the entire previous year, reflecting an increasing demand for diversified investment [15][16] Group 3 - The report highlights that the number of fund applications increased to 201 in August, up from 181 in July, with notable increases in mixed funds and FOFs [4][9][10] - The report also notes that 49 fund applications received approval for registration changes, with a significant number transitioning from asset management plans to public funds [10][26] - The establishment of new branch institutions by fund companies is also noted, with three companies receiving approval for branch establishment from January to August 2025 [18][19][20]