Group 1 - The core viewpoint of the articles indicates a significant increase in the issuance of public funds in the first three quarters of the year, with a total issuance scale of 912.907 billion yuan, representing a year-on-year growth of 4.54% [1][3] - Equity funds have overtaken bond funds as the main contributors to new issuances, with equity funds accounting for 47.99% of the total issuance, while bond funds accounted for 43.12% [3][4] - The largest single fund issued this year is the "Oriental Red Yingfeng Stable Allocation 6-Month Holding Period Mixed Fund (FOF)" with a total issuance scale of 6.573 billion yuan [3] Group 2 - The total scale of public funds has been on the rise, surpassing 36 trillion yuan, with equity funds showing significant growth, particularly stock funds which increased by 12.76% to reach 5.55 trillion yuan [4] - A total of 132 new funds ended their fundraising early during the third quarter, indicating strong market demand [5] - The current trend of new equity fund issuance is expected to continue, driven by a strong capital market and improved investor sentiment, particularly in sectors like technology and Hong Kong stocks [6][7]

Core Insights - The public fund issuance in the first three quarters of the year reached 912.91 billion yuan, marking a year-on-year growth of 4.54% [1][3] - Equity funds have overtaken bond funds as the main contributors to new issuance, accounting for 47.99% of the total new issuance [1][3] - The largest single fund issued this year is the Dongfanghong Yingfeng Stable Allocation Fund, with a total issuance of 6.573 billion yuan [3] Fund Issuance Trends - As of September 29, the total new issuance of public funds reached 912.91 billion yuan, compared to 873.25 billion yuan in the same period last year, reflecting a growth of 4.54% [3] - Equity funds, including stock and mixed funds, accounted for 438.07 billion yuan of the new issuance, while bond funds accounted for 393.67 billion yuan [3] - Last year, bond funds made up over 70% of new issuance, indicating a significant shift towards equity funds this year [3] Market Dynamics - The public fund market has seen a steady increase in total assets, surpassing 36 trillion yuan, with equity fund assets also showing significant growth [4] - The stock fund size reached 5.55 trillion yuan, reflecting a quarter-on-quarter increase of 12.76%, while mixed funds grew by 8.69% to 4.16 trillion yuan [4] - The trend of new fund issuance is expected to continue, driven by a strong capital market and increased investor interest in equity funds [5][6] Investor Sentiment - The strong performance of the A-share market has attracted retail investors to enter the market through fund purchases, indicating improved investor sentiment [5] - The issuance of equity funds has been characterized by a number of funds selling out on the first day, highlighting the demand for these products [5] - Regulatory support and promotional efforts from banks and brokerages are contributing to the positive market environment for equity funds [6]