Bond value-added tax policy stimulates public offering outsourcing demand "Fixed Income +" or increased allocation of dividend assets.

Recently, due to changes in the value-added tax policy, the bond market has experienced significant fluctuations. In the short term, the "new and old divide" has led to institutions rushing to invest, with trading opportunities being more obvious; in the long term, institutional investors such as banks, insurance companies, and securities firms may adjust their bond investment strategies in pursuit of higher returns in the low interest rate era, seeking opportunities for "fixed income +" investments such as dividend assets. At the same time, because public mutual fund products enjoy a "halving" tax preference, it is not ruled out that more banks and insurance funds will choose to entrust external public mutual fund managers to carry out bond investments.