This week (Sept. 7-11) 45 public mutual funds opened for subscription. Index
products dominated: 20 passive/index funds launched, targeting themes including
compute infrastructure, aerospace, robotics, nonferrous metals, grain,
healthcare and fintech; three set a 5 billion-unit subscription cap. Active
equity launches numbered five. Fixed-income sector saw a cluster of
secondary-tier hybrid bond funds from major managers (examples: Yifangda Zhiheng
A, Gongyin Tianxiang A, Jianxin Fenghe A, Nanfang Qianyuan Wenjian Tianli A).
Year-to-date through Sept. 7, the market has seen 1,210 new funds launched, with
total issuance of RMB 772.47 billion.