Core Viewpoint - The new fund issuance market in China remains robust, with 43 new funds launched in the last week of January 2026, primarily driven by equity funds, while FOF and "fixed income+" products also show positive trends [1][9]. Fund Issuance Overview - A total of 43 new funds were issued during the week from January 26 to January 30, 2026, with 31 funds launched on January 26 alone, accounting for over 70% of the total [2][10]. - The average subscription period for new funds was 12.84 days, with the longest being approximately three months for the "Zhongjia Balanced Return" fund [2][10]. - The shortest subscription periods were for three funds, each planned for just one day, while several others had periods of 2-3 days [2][10]. Fund Target Goals - Out of the 43 new funds, 20 specified their fundraising targets, with 11 aiming for over 5 billion units. Notably, six funds, including "Guotai Consumer Leadership" and "Boshi Yingtai Zhenxuan," targeted 8 billion units each [3][11]. - Other targets included 6 billion units for "Jianxin Resource Selection" and 5 billion units for "Ping An Semiconductor Leadership Selection," which had the lowest target [3][11]. Fund Types and Themes - Equity funds dominated the new issuance, with 18 active equity funds making up over 40% of the total. This included 5 stock funds and 13 mixed funds, primarily focused on equity [4][12]. - The new equity funds covered a range of themes such as resources, cycles, consumption, semiconductors, and digital economy, with notable products like "Guotai Consumer Leadership" and "Boshi Digital Economy" [4][12]. - There were also 16 index funds, including 6 stock ETFs and 6 ordinary index funds, focusing on sector-specific indices [4][12]. FOF and QDII Funds - Five new FOF products were launched, primarily targeting risk-adjusted returns with holding periods of 3 to 6 months [5][13]. - Two new QDII funds were introduced, focusing on the Hong Kong stock market, namely "Zhongou Hong Kong Consumer" and "Xingye Hang Seng Technology Index" [6][14]. Fixed Income Products - The issuance of bond funds continued to decline due to poor performance in the bond market, with no pure bond funds launched this week. However, two mixed secondary bond funds were introduced [6][14].

Group 1 - The fund "Fuguo Zhongzheng Industrial Nonferrous Metals Theme ETF" (159168) will be launched from January 26, 2026, to February 6, 2026, with a maximum initial fundraising scale of 8 billion yuan [1] - The fund will be managed by Fuguo Fund, with Ge Junyang serving as the fund manager [1] - The performance benchmark for the fund is the return rate of the Zhongzheng Industrial Nonferrous Metals Theme Index [1]