Market Performance - On January 5, the A-share market experienced a strong opening, with the Shanghai Composite Index rising by 1.38% to reclaim the 4000-point mark, marking a 12-day consecutive increase, the longest since March 1992 [1] - The Shenzhen Component Index increased by 2.24%, the ChiNext Index by 2.85%, and the Northbound 50 Index by 1.80%, with total market turnover reaching 25,672 billion yuan, an increase of 5,015 billion yuan from the previous trading day [1] Fund Issuance - In the first week of January 2026, a total of 84 new funds were launched in the market, with 52 debuting on the first trading day [3] - In 2025, a record 1,549 funds were established, raising a total of 12,041.39 billion yuan, with stock funds accounting for 54.29% of the total number and 35.26% of the total raised amount [3] Investment Outlook - Huatai Securities predicts a stable and sustainable "slow bull" market in 2026, focusing on technology innovation and shareholder return strategies to meet diverse investor needs [4] - According to Hualong Securities, the overall performance of listed companies is expected to improve, supported by proactive fiscal policies and a resilient global economy, with market valuations remaining reasonable and potential for expansion [5]

临近年末，公募基金发行市场热度不减。据Wind数据显示，截至12月8日，已有87只新基金确定于12月发行；其中12月1日 单日新发基金达28只，创下"发行超级星期一"的亮眼纪录。 从全年维度看，2025年公募基金"发行大战"成果显著。天相投顾数据显示，年内新成立基金数量已突破1400只，不仅较去 年全年的1143只实现大幅增长，更创下近三年以来的新高。以全年时间测算，平均每日有超4只新基金面市，发行节奏之密 实属罕见。 | | 机构年内新发基金数量排名TO | | | | --- | --- | --- | --- | | | | 发行份额(亿份) | 发行规模(亿元) | | 三国民会 | 59 | 440.70 | 440.70 | | 表直直令 | રેર | 400.56 | 474.06 | | 后方基金 | ટેટ | 516.15 | 526.29 | | 不喜星金 | 52 | 344.83 | 361.03 | | 水赢县金 | 42 | 179.12 | 179.12 | | HE 4 2 = 2 | 41 | 306.87 | 306.87 | | 南京县金 | 40 | 418.62 ...