New Funds in China Raise Record 2 Trillion Yuan

New investment funds in China have raised 2 trillion yuan, a new record. iFeng: 历史首次！突破2000000000000元，大资管时代到来？

For the first time in history! The issuance of new funds exceeded 2 trillion yuan!

As of August 28, 973 new funds have been established this year, and the annual issuance scale has exceeded the 2 trillion yuan mark for the first time.

Fund issuance this year has shown a blowout as a whole. The total scale of new fund issuance exceeded 1 trillion yuan in six months. After that, fund issuance has accelerated. The second 1 trillion yuan only took 2 months.

As of August 28, 973 new funds have been established this year, and the annual issuance scale exceeded the 2 trillion mark for the first time, reaching 2.02 trillion yuan.

Financial commentator Wang Chao:

In 8 months, 973 new funds raised a total of more than 2 trillion yuan, which created a new history in China's fund industry.

Looking back over the past ten years, only 2015 and 2019 fund issuance exceeded RMB 1 trillion. In the first eight months of this year, the scale of the newly-developed funds has created a new amount of sky, and more importantly, this trend has not stopped.

Why is public fund issuance so hot this year? I think that in addition to the good atmosphere brought about by the good stock market, the decline in interest rates and the relocation of bank wealth management funds are also very important factors this year.