Core Viewpoint - Southern Fund's announcement of a 230 million yuan self-purchase of three equity funds reflects confidence in the long-term stability and health of China's capital markets, marking a significant event in the recent trend of public fund self-purchases [2][5]. Group 1: Self-Purchase Details - Southern Fund's self-purchase of 230 million yuan sets a new record for a single institution's equity fund self-purchase in 2023 [5]. - The self-purchase includes three ETFs: Southern CSI A500 ETF Link A, Southern S&P China A-Share Large Cap Dividend Low Volatility 50 ETF Link A, and Cash Flow ETF Southern, focusing on small and medium-sized growth stocks, low-volatility dividend assets, and cash flow themes [5]. - The trend of public fund self-purchases has been increasing since the beginning of the year, with regulatory guidance from the China Securities Regulatory Commission (CSRC) mandating a 10% annual increase in public fund holdings of A-shares over the next three years [5][6]. Group 2: Industry Trends - Since July, several institutions, including Dacheng Fund, Founder Fubon Fund, and others, have announced self-purchase plans, contributing to a total of nearly 130 public funds initiating self-purchases, amounting to over 5 billion yuan, with equity fund self-purchases accounting for a significant portion [6]. - The self-purchase behavior is seen as a way for fund companies to convey confidence in their investment management capabilities and product value, which helps stabilize investor expectations and enhance holding confidence [6]. - The self-purchase also aligns the interests of fund companies with investors, motivating research teams to focus on long-term performance and providing liquidity support during market fluctuations [6].