Core Insights - The public fund market in September 2025 saw a combined issuance scale of approximately 169.425 billion yuan, representing a year-on-year increase of 85.79% and a month-on-month increase of 62.13% [2][5] Fund Issuance Structure - In September, the issuance scale of equity funds reached 66.043 billion yuan, while bond funds followed closely with 65.959 billion yuan. Mixed funds had an issuance scale of 30.292 billion yuan, and FOF funds were relatively small at 1.643 billion yuan [3][5] - The largest product by issuance scale was the BlackRock China Bond Investment Preferred Green Index Fund, which had a scale of 6 billion yuan and was launched on September 25 [6] - The second largest was the China Merchants Balanced Preferred Fund, a mixed equity fund with a performance benchmark based on multiple indices [7] Fund Extension Announcements - In September, four funds announced extensions of their fundraising periods, including the Guotai Semiconductor Manufacturing Selected Fund and the Hengsheng Qianhai Craftsman Selected Fund [11]