Core Viewpoint - The A-share market has experienced a noticeable pullback recently, leading to a decline in the issuance of public funds, with a significant drop in the number of funds opened for subscription this week compared to the previous week [1] Fund Issuance Summary - A total of 30 public funds opened for subscription this week, representing a 45.45% decrease from the previous week, with an average subscription period extended to 27.8 days [1][2] - Equity funds remain the main focus of issuance this week, with 23 equity funds launched, accounting for 76.67% of the total, although there is a clear decline in equity fund issuance compared to the previous week [2][3] Fund Type Breakdown - Among the 15 stock funds opened for subscription, 11 are passive index funds, making up 73.33% of the stock fund total [3] - The issuance of bond funds remained stable, with 3 new bond funds launched this week, unchanged from the previous week [3] - QDII fund issuance showed signs of recovery, with 1 new QDII fund opening for subscription this week, compared to none the previous week [3] Institutional Participation - A total of 27 public fund institutions had new funds open for subscription this week, with 24 institutions launching only 1 new fund each, while 3 institutions had 2 new funds [3] - Huatai-PineBridge Fund and Harvest Fund each launched 2 new funds this week, consisting of 1 mixed fund and 1 stock fund [3]