After the National Day holiday nearly 100 new funds were scheduled for issuance
in October, about 60% equity-focused, potentially supplying fresh inflows to
A‑shares. Funds currently in the accumulation phase could deliver roughly
CNY30bn of incremental flows into A‑shares, including a tech-themed stock ETF
sized above CNY10bn and nearly CNY20bn of newly issued active equity funds in
build-up. Public fund managers remain optimistic on Q4 A‑share equities amid
ongoing cultivation of new growth drivers and a recovery in traditional economic
momentum.