July's new fundraising for funds exceeded one trillion yuan again, and the issuance of equity funds will rebound.

In July, influenced by the reform of floating rates, investors' enthusiasm for subscribing to public offering new funds continued to rise. Wind data shows that as of July 31, 135 new funds raised a total of 104.868 billion yuan, ranking second in terms of monthly fundraising scale in new funds this year. July is the third month this year with a fundraising scale exceeding one trillion yuan, with fundraising scales of 104.078 billion yuan in March and 124.803 billion yuan in June. The fund issuance in July can be summarized as "structural differentiation, innovation leading", with both bond-type and stock-type funds driving growth, and science and technology innovation bond ETFs and ESG themes becoming growth engines. Many products achieved "lightning fast" fundraising, reflecting institutional investors' recognition of the value of bond asset allocation, while also indicating a stabilizing equities market. With the implementation of policies to stabilize the stock market and the bottoming out and rebound of corporate profits, it is expected that the issuance of equity funds will further warm up.