Market Performance - A-shares experienced a strong opening on the first trading day after the National Day holiday, with the Shanghai Composite Index breaking the 3900-point mark, reaching a new high since August 2015, closing at 3933.97 points, up 1.32% [1] - The total trading volume in the Shanghai and Shenzhen markets exceeded 2.6 trillion yuan, a significant increase of nearly 500 billion yuan compared to the previous trading day [1] Gold Sector - During the National Day holiday, international gold prices surged, with London gold reaching a peak of 4049.64 USD/ounce, marking a 4.72% increase over the holiday [3] - Domestic gold stocks saw significant gains, with notable performances from companies like Shandong Gold and Chifeng Jilong Gold, which rose 15.59% and 23.54% respectively during the holiday [7] - The People's Bank of China reported an increase in gold reserves to 74.06 million ounces by the end of September, marking the 11th consecutive month of gold accumulation [7] Fund Issuance and Market Outlook - The market is expected to continue its upward trend in October, with 68 new funds set to launch, indicating a steady inflow of incremental capital [8][11] - In September, the issuance of new public funds exceeded 160 billion yuan, setting a monthly record for the year, with many equity funds selling out on the first day [11] - Analysts predict that the A-share market will attract more long-term global capital due to stable earnings recovery and reasonable valuation levels [11]

Group 1 - A total of 68 new funds are scheduled to be launched after the National Day holiday, with 23 funds starting on October 9 alone [1][2] - The issuance of new funds has increased significantly, with September's new fund issuance exceeding 160 billion, marking a monthly record for the year [1][4] - Equity funds are the main focus, with 52 out of the 68 new funds being equity funds, including 34 equity index funds covering various indices [2][3] Group 2 - The popularity of stable products is also rising, with 8 secondary bond funds and 7 FOF products set to be launched after the holiday [3] - Active equity funds are seeing significant interest, with several well-known fund managers managing upcoming funds, indicating strong performance expectations [2][4] - Institutions are actively researching investment opportunities, with over 21,000 institutional research visits recorded in September [4] Group 3 - The outlook for the fourth quarter is optimistic, with expectations for active consumer spending during upcoming promotional events and a stable recovery in A-share and Hong Kong stock earnings [5][6] - Investment opportunities are anticipated in cyclical sectors and AI technology, driven by economic recovery and industry trends [5][6] - The shift of active funds from fixed income to equity markets is noted, as equity assets become more attractive compared to declining fixed income returns [5][6]

Group 1 - The public fund market is experiencing a resurgence post-holiday, with 68 funds scheduled for issuance, of which 52 are equity funds, indicating a strong interest in equity investments [1][2] - In September, the new fund issuance scale exceeded 160 billion, marking a monthly record high for the year, with several equity funds selling out on the first day [1][3] - Active equity funds are gaining attention, with notable fund managers leading new offerings, reflecting a positive performance trend in the year [2][3] Group 2 - The market outlook for Q4 is optimistic, with expectations for strong consumer spending driven by upcoming promotional events and supportive policies [4] - A recovery in A-shares and Hong Kong stocks is noted, with valuations at reasonable levels, likely attracting long-term global capital [4] - The shift of institutional funds from the bond market to equities is highlighted, as equity assets become more appealing due to declining interest rates [4][5]