Group 1 - The issuance of equity funds is accelerating, with an average of less than half a month for a product to complete the fundraising to establishment process [1] - As of May 19, 2023, at least 23 new products are expected to be launched this week, with 16 being equity products, accounting for approximately 70% of the total [1] - The average subscription period for these equity products is 12.56 days, indicating strong market interest [1] Group 2 - The recent issuance includes 14 stock-type funds, all of which are index or enhanced index funds, reflecting a strong demand for low-cost, high-transparency passive investment tools [2] - The China Securities Regulatory Commission has introduced a plan to enhance the scale and proportion of equity investments in public funds, optimizing the registration process for equity funds [2] - As of May 19, 2023, 345 equity funds have been established this year, representing a year-on-year increase of 30.19% [2] Group 3 - The structural characteristics of the market reflect a recovery in market confidence and the penetration of passive investment concepts in asset allocation [3] - Current policies, upgraded demand, and product innovation are creating a favorable ecosystem for the development of equity funds, particularly index-based tools [3]

Group 1 - Baodao Fund announced a shareholding change, with original shareholder Shi Wei transferring 3% of shares to Yang Meng, resulting in Yang holding over 5% of the company [1] - Over 20 fund companies, including Shangyin, Taixin, and others, have announced varying degrees of purchase limits on their money market funds, primarily affecting large subscriptions from institutional investors [1] - LOF funds have not launched new products in nearly two years, with total scale being less than 20% of ETF scale, despite some LOF products performing well this year [1] Group 2 - Fund manager Shi Bo reduced holdings in Changhong Meiling, with a decrease of 500,000 shares in two funds managed by him [1] - Huang Weixuan resigned from all managed public fund products at Tongtai Fund due to personal reasons, completing the deregistration process with the China Securities Investment Fund Industry Association [2] Group 3 - The market experienced fluctuations, with the Shanghai Composite Index down 0.4% and total trading volume at 1.09 trillion yuan, a decrease of 629 billion yuan from the previous trading day [3] - The S&P Consumer ETF led gains with a rise of 3.65%, while several financial-related ETFs saw significant declines [4][6] Group 4 - The Chinese machine tool industry is showing signs of moderate recovery, with a significant increase in the number of domestic five-axis processing equipment showcased at the CIMT international machine tool exhibition, from 50 to 400 units [7] - The upcoming fund, GF Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence ETF, is set to launch, managed by Cao Shiyu, with a performance benchmark linked to the Shanghai Stock Exchange Science and Technology Innovation Index [8] Group 5 - The upcoming fund, Dongfang Zhongzheng A500 Index Enhanced, is also set to launch, managed by Sheng Ze, with a performance benchmark linked to the Zhongzheng A500 Index [10]