Group 1 - The A-share market has seen a significant increase in confidence and capital activity, leading to a rebound in the performance of equity funds, with 45 new funds launching this week, 35 of which are equity funds [1] - As of August 18, over 96% of equity funds have achieved positive returns this year, with more than 20 funds doubling their performance and over a thousand funds exceeding 30% returns [1] - The driving force behind the strong market performance is the influx of new capital, particularly from institutional investors such as insurance and private equity, alongside a favorable external environment and supportive policies [1] Group 2 - The number of new fund launches this week represents a 36.36% increase compared to the previous week, with equity funds making up 77.8% of the total [1] - The strong performance of equity funds in the issuance market reflects a positive outlook from investors towards equity assets, prompting fund companies to increase their focus on equity products [1]

Core Viewpoint - The A-share market is experiencing a significant boost in confidence and fund activity, as evidenced by the recent disclosure of 2025 semi-annual reports by listed companies, with over 60% showing year-on-year growth in net profit attributable to shareholders [1] Group 1: Market Performance - As of August 19, 2025, 666 A-share listed companies have disclosed their semi-annual reports, with 432 companies achieving year-on-year growth in net profit [1] - The performance of equity funds has rebounded, driven by the active stock market, with 35 out of 45 new funds being equity funds [1] Group 2: Fund Performance - The latest index for equity funds has reached a three-year high, indicating a recovery from previous downturns [1] - Over 2,000 equity funds have recorded their net asset values at historical highs in August [1]