Market Review - The A-share market showed a mixed performance last week, with the ChiNext Index, SME Index, and Shenzhen Component Index gaining 2.51%, 0.80%, and 0.76% respectively, while the Sci-Tech 50, CSI 500, and Shanghai Composite Index declined by -2.88%, -1.44%, and -0.70% respectively [12] - In terms of trading volume, all major indices except the SME Index saw a decrease in trading volume last week [14] - The coal, construction, and power equipment & new energy sectors performed well, with returns of 5.42%, 4.28%, and 3.79% respectively, while comprehensive finance, oil & petrochemicals, and national defense & military industries lagged behind with returns of -3.83%, -4.53%, and -6.32% respectively [17][19] - The central bank's reverse repurchase operations resulted in a net withdrawal of 16,298 billion yuan, with a total of 18,026 billion yuan maturing [20] - The yield on government bonds increased across different maturities, with a spread widening of 4.23 basis points [22] Fund Performance - Active equity, flexible allocation, and balanced mixed funds reported returns of -0.79%, -0.57%, and -0.16% respectively last week [31] - Alternative funds have shown the best performance this year, with a median return of 15.61%, while active equity, flexible allocation, and balanced mixed funds had median returns of 4.32%, 3.58%, and 4.77% respectively [34] - The median excess return for index-enhanced funds was 0.21%, while quantitative hedge funds reported a median return of 0.00% last week [36] Fund Issuance - A total of 360.88 billion yuan was raised from new fund issuances last week, an increase from the previous week [42] - There were 40 new funds entering the issuance phase last week, with 24 funds expected to start issuing this week [46]