Group 1 - The number of new funds established in 2023 has surpassed the total for the entire year of 2022, indicating a recovery in the fund issuance market, driven primarily by the performance of equity funds [2][4] - As of October 25, 2023, a total of 1,187 new funds have been established, exceeding last year's 1,135 funds, although the total fundraising scale remains 20% lower than last year's [2][3] - Equity funds have gained significant attention, with 676 new equity funds established this year, accounting for nearly 57% of all new funds, marking a historical high [2][4] Group 2 - The total fundraising amount for new funds this year is 9,223.47 billion units, which is still below last year's 11,838.33 billion units, with an average issuance of 7.77 billion units, the lowest since 2000 [2][3] - The fundraising scale for equity funds reached 3,456.53 billion units, surpassing the total for the years 2022, 2023, and 2024, and accounting for 37.5% of the total fundraising amount for new funds, the highest since 2012 [2][4] - There is a notable trend of structural recovery in the issuance of actively managed equity funds, with several funds announcing early closure of fundraising due to high demand [4][5] Group 3 - The increase in the number of equity funds is attributed to fund companies adapting their strategies to the changing market conditions, focusing on niche sectors and launching specialized products [3][6] - Despite the positive trends in new fund issuance, older funds are struggling to attract investments due to poor performance and investor redemption [6] - The market remains uneven, with significant differences in the success of new fund issuances based on management and distribution channels, leading to a concentration of funds in top companies and well-known fund managers [4][6]