"股债跷跷板"助力基金 发行高低参差

【机器翻译】：In the first half of 2023, the public fund issuance market had more than 580 funds established, with a total issuance volume exceeding 500 billion shares, a decrease compared to the same period last year. From the perspective of issuance structure, the "stock-bond seesaw" effect is evident, as the issuance volume of bond funds far exceeds that of equity products, accounting for over 60%. At the same time, from the perspective of product types and issuance institutions, the differentiation trend in the public fund industry is becoming more pronounced, with a total of 6 fund products failing to be issued and more than 30 small and medium-sized fund companies failing to launch a single fund this year. In the view of insiders, the overall cooling of fund issuance in the first half of the year is closely related to market factors. Looking ahead to the second half of the year, the valuations of multiple industries have fallen to low levels, countercyclical adjustment policies continue to be implemented, and corporate profits are expected to emerge from the bottom, providing a foundation for boosting the equity market. (Economic Reference Newspaper)