Core Insights - The Shanghai Composite Index has reached a new high for the year, but the issuance of public mutual funds has significantly cooled down [1][4] - The total number of public mutual funds issued this week is 25, reflecting a week-on-week decrease of 16.67% [1][2] - Despite the decrease in the number of new fund issuances, the average subscription period has shortened to 21.92 days, indicating improved fundraising efficiency [1][4] Fund Issuance Breakdown - Among the 25 newly issued funds, equity funds remain the dominant category, with 20 funds accounting for 80% of the total [2][4] - Specifically, there are 11 stock funds, with passive index funds leading the issuance, and 9 equity mixed funds [2][4] - Only 2 bond funds were issued this week, maintaining the previous week's level, representing 8% of the total new fund issuance [3] QDII Fund Activity - There has been a slight recovery in QDII fund issuance, with 1 new QDII fund launched this week, marking the second consecutive week of such issuances [4] - A total of 22 public fund institutions participated in new fund issuance this week, with 20 institutions issuing only 1 new fund each [4] - Notably, Huaxia Fund led the issuance with 3 new equity funds, while Bosera Fund followed with 2 new equity funds, reinforcing the trend of equity funds being the primary focus for public fund institutions [4]