Core Insights - The public fund market in October 2025 saw a combined issuance scale of approximately 743.76 billion yuan, representing a year-on-year increase of 82.44% but a month-on-month decrease of 56.1% [1][2] Fund Issuance Structure - In October, the largest issuance scale was for equity funds, exceeding 200 billion yuan, with a total of 225.38 billion yuan for equity funds, followed by FOF funds at 172.94 billion yuan, mixed funds at 158.88 billion yuan, and bond funds at 145.21 billion yuan [2][3] - The issuance scale for QDII funds was relatively small at 14.52 billion yuan [2] Top Fund Products - The largest product by issuance scale was the Huatai-PB Yingtai Stable 3-Month Holding Fund, which had an issuance scale of 55.77 billion yuan and effective subscriptions of 15,214 households [3] - The Southern Growth Enterprise Board Artificial Intelligence ETF Link ranked second in issuance scale [3] - The Fortune Stable Tianrong Fund also had a significant issuance scale of 35.7 billion yuan, classified as a mixed bond secondary fund [3] Fund Company Activity - Huaxia Fund and Southern Fund were the companies with the highest number of new fund issuances in October, each launching five new products [5] - A total of six funds announced extensions for their fundraising periods, including products from Wanji Fund and Taikang Fund [8]