新发规模再创新高！基金公司，紧急限制！

Core Viewpoint - The issuance of actively managed equity funds is experiencing a rebound, driven by the recovery of the A-share market and improved fund performance, with significant fundraising activities observed recently [2][3]. Fund Issuance and Performance - Since the beginning of the year, the number and scale of newly issued actively managed equity funds have steadily increased, with a notable single-day fundraising exceeding 5 billion yuan [2][3]. - On September 2, the招商均衡优选混合基金 (Zhaoshang Balanced Optimal Mixed Fund) set a fundraising cap of 5 billion yuan and exceeded this amount on its first day of issuance, leading to an early closure of fundraising [3][4]. - The fund aims for balanced exposure across market, industry, style, and individual stocks to achieve long-term returns for investors, managed by Wu Xiao, who has over 8 years of experience [3][4]. Market Context and Trends - As of September 2, the total issuance scale of actively managed equity funds reached 78.528 billion yuan, with 29 funds exceeding 1 billion yuan in scale [6]. - The A-share market has shown positive performance, with the Shanghai Composite Index rising by 12% in the second half of the year, contributing to the increased issuance of actively managed products [5][6]. - The current macroeconomic environment, including expectations of U.S. interest rate cuts and a stable U.S.-China relationship, is favorable for the equity market [7]. Sector Focus and Investment Opportunities - Investment opportunities are identified in sectors such as AI technology, retail, non-bank financials, and innovative pharmaceuticals, particularly in semiconductor and computing fields [8]. - The liquidity improvement in the Hong Kong market is expected to benefit technology and consumer sectors, which may become key areas for fund allocation [8].