刚刚，利好来了

Core Viewpoint - The regulatory body in China is optimizing the public fund product registration mechanism to promote the development of equity funds while also supporting the growth of "equity-linked" mixed funds and secondary bond funds, aiming to enhance the actual equity investment scale and proportion in public funds [2][4]. Group 1: Regulatory Changes - The approval process for "equity-linked" mixed funds and secondary bond funds has been expedited to within 15 working days, with a tiered approval speed based on the equity holding ratio of the products [2][4]. - The regulatory framework encourages leading fund managers to prioritize the development of equity funds while also actively managing funds with a minimum stock holding requirement [4][5]. Group 2: Market Impact - The demand for low-volatility "equity-linked" products is increasing among investors, which is expected to bring incremental capital into the market as these products are launched [4][5]. - The regulatory adjustments are seen as a concrete implementation of the high-quality development action plan for public funds, which aims to enhance the overall investment landscape [5]. Group 3: Support for Emerging Managers - The regulatory body is providing support for emerging fund managers by allowing those with good compliance and risk control, and with less than 100 billion yuan in assets under management, to expedite the registration of bond funds [8]. - Specific measures include allowing high-performing fund managers to submit additional pure bond funds or secondary bond funds without stock holdings through ordinary channels [8].