Core Insights - The public fund issuance market has experienced a dual breakthrough of "increased volume and improved quality" this year, with new fund issuance exceeding 420 billion units as of June 5, 2023, and equity funds accounting for over 46% of this total [1][2] - The issuance of equity funds has shown remarkable performance, with a total issuance of 1,967.85 billion units, representing 46.15% of the total issuance, a significant increase from 952.25 billion units in the same period last year [2] - The rapid growth in equity fund issuance is driven by both policy and market factors, particularly the recent regulatory guidance aimed at increasing the proportion of equity investments in public funds [2][3] Fund Issuance Trends - In May 2023, the issuance of public funds continued to be robust, with 115 new funds established, marking the third consecutive month of exceeding 100 new funds, and an average subscription period of 20.97 days [4] - The increase in new fund numbers and shorter subscription periods indicate that fund companies are seizing the opportunity to build positions in the market amid improving earnings growth expectations for A-shares and global liquidity easing [4] Future Outlook - Industry experts predict that the trend of "increased volume and improved quality" in equity fund issuance will continue, driven by policy, market, and technological factors [5] - Recommendations for fund companies include focusing on thematic fund strategies, enhancing active management capabilities, upgrading research and investment systems, and expanding global investment opportunities to achieve high-quality development [5]