Market Review - The A-share market showed a mixed performance last week, with the ChiNext Index, Small and Medium-sized Enterprises Board Index, and Sci-Tech 50 Index leading with returns of 2.34%, 1.99%, and 1.84% respectively, while the Shanghai Composite Index, CSI 300, and CSI 1000 lagged with returns of -1.30%, -0.44%, and 0.21% respectively [6][11] - The total trading volume of major broad-based indices increased, except for the ChiNext Index, indicating heightened market activity [14] - The power equipment and new energy, coal, and consumer services sectors performed well, with returns of 3.61%, 3.59%, and 3.52% respectively, while the comprehensive, banking, and non-ferrous metals sectors underperformed with returns of -4.09%, -4.09%, and -3.93% respectively [17][19] Fund Performance - A total of 40 new funds were established last week, with a total issuance scale of 744.28 billion yuan, marking an increase from the previous week [4][42] - The median return for active equity funds this year is 28.97%, outperforming flexible allocation and balanced mixed funds, which have median returns of 20.75% and 11.67% respectively [30][32] - The median return for index-enhanced funds was -0.13% last week, while the median return for quantitative hedging funds was -0.07% [33] Fund Issuance - Last week, 31 funds entered the issuance phase, with 10 funds set to begin issuance this week [4] - The number of funds reported for issuance was 37, a decrease from the previous week, including various ETFs and QDII products [5][6] Ant Fund Platform - As of September 19, 2.15 billion investors on the Ant Fund platform have achieved cumulative profits, with over 80% of investors in equity funds making profits, averaging a return of 12% [8][9] Regulatory Updates - Huatai-PB Asset Management received approval for licenses in Hong Kong, indicating a strategic move to integrate trading, advisory, and asset management services [10] Bond Market - The central bank's net reverse repurchase was 562.3 billion yuan, with a total of 18.268 trillion yuan in net open market operations [20][21] - The yield on government bonds increased across various maturities, with credit spreads widening [21][23] Convertible Bond Market - The China Convertible Bond Index fell by 1.55% last week, with total trading volume reaching 409 billion yuan, an increase of 24.7 billion yuan from the previous week [25] Fund Manager Changes - There were changes in fund managers for 83 funds across 38 fund companies last week, indicating potential shifts in management strategies [39] Fund Types - The number of ordinary FOF funds stands at 242, with target date funds at 119 and target risk funds at 152 [35][36]