太突然！刚刚，又爆了！

Core Insights - The article highlights the recent surge in the issuance of new funds in the Chinese market, particularly two "daylight funds" that were fully subscribed in one day, indicating strong investor interest amid the A-share market's fluctuations around the 4000-point mark [2][4][6]. Fund Issuance Trends - On November 4, 2023, the Fuquan Xinghe Fund managed by Fan Yan raised over 30 billion yuan, reaching its fundraising cap and leading to an early closure of subscriptions [4][6]. - Similarly, the Penghua Qihang Quantitative Stock Fund managed by Su Junjie also surpassed the 30 billion yuan cap on the same day, prompting an early end to its fundraising [6]. - The issuance of equity and mixed funds has seen a significant increase, with stock funds and mixed funds reaching 3600.65 billion units and 1230.83 billion units respectively by November 3, 2023, marking increases of 43.86% and 76.04% compared to the previous year [9]. Market Dynamics - The article notes a trend of "daylight funds" emerging frequently, with several funds achieving rapid fundraising success in recent months, such as the Huatai-PB Yingtai Fund raising approximately 55 billion yuan in one day [8]. - In October 2023, the average issuance of mixed funds reached 7.57 million units, the highest since November 2022 [9]. Fund Management Strategies - A number of high-performing funds have announced a suspension of new subscriptions to manage inflows and protect existing investors' interests. For instance, the Yifangda Pingwen Growth Fund and Yifangda Kexiang Fund suspended subscriptions starting November 4, 2023 [11][14]. - The industry is witnessing a shift where fund companies are prioritizing performance over scale, as evidenced by the decision to limit new investments in successful funds to maintain operational stability and mitigate risks [15].