More than 90 billion shares were issued in July, with the Science and Technology Innovation Bond ETF shining.

The fund issuance in July is about to come to an end, showing signs of recovery overall. From the data perspective, using the fund establishment date as a statistical standard, there have been 115 new funds established in July, with a total issuance of over 90 billion shares. With the boost in the equity market and the incentives of innovative bond products such as science and technology innovation bond ETFs, the proportion of stock and bond funds in July has increased, with only the proportion of mixed funds decreasing. In the view of industry professionals, the risk appetite in the market is still expected to be in an upward trend, and equity assets have a cost-effective allocation.