Group 1 - The core viewpoint of the article highlights the pressure on newly issued and existing equity fund shares in May, with institutional funds flowing into bond funds and individual funds increasing in index products [1][2][3] Group 2 - As of May 2025, the total net asset value of public funds in the market reached 32.01 trillion yuan, with a month-on-month increase of 0.29%. The total fund shares stood at 29.58 trillion, showing a slight decrease of 0.01% [1] - The total share of equity funds was 6.33 trillion, reflecting a month-on-month decline of 0.34%, while bond funds totaled 9.1 billion shares, with a month-on-month increase of 0.4% [1] - In May 2025, the newly issued funds amounted to 657.59 billion shares, a decrease of 28.68% compared to the previous month, with equity funds at 295.38 billion shares, down 39.45% [1] - The retention rate of existing funds in the market was 99.77%, with equity funds at 99.19% and bond funds at 100% [1] Group 3 - Institutional funds are increasingly flowing into bond funds, including long-term pure bond, mixed secondary bond, and bond index funds, while individual investors are favoring index products [2] - Low-risk investors are still investing in various fixed-income products such as insurance and bank wealth management, leading to an increase in institutional fund sizes [2] Group 4 - The new public fund regulations released on May 7 aim to promote high-quality development in the industry, focusing on product, sales channels, and operational governance, with a core emphasis on assessment mechanisms [3] - The first batch of floating management fee rate funds has been approved for issuance, with significant subscription sizes indicating strong market interest [3] - AI applications and innovations are being introduced, such as the "Help You See" service by Huatai Fund, which aims to enhance investor decision-making [3]