Post-Spring Festival public offerings quickly rebound; 43 "new funds" will be launched this week

Staff Reporter Chang Xiaoyu

After the Spring Festival, the public fund issuance market has shown a continued positive recovery trend. According to the latest statistics from Private Equity Data Network, this week (March 2 to March 8, 2026), a total of 43 new public funds are planned to be issued in the market, a 19.44% increase from the previous week (February 23 to March 1, 2026), which had 36.

Regarding the renewed activity in the public fund issuance market after the holiday, Li Chunyu, FOF fund manager at Shenzhen Rongzhi Private Securities Investment Fund Management Co., Ltd., told Securities Daily: “There are multiple factors driving this trend. First, strong support from the liquidity side. In 2025, equity funds performed well overall, further boosting market confidence in the upward trend of A-shares. At the same time, many fixed-term deposits are maturing in 2026. In a declining interest rate environment, some savings funds are increasingly willing to ‘channel’ into the stock market through public funds. Second, the supply and demand structure continues to optimize. Public fund institutions are increasing their allocations to equity funds to meet investors’ increasingly diverse allocation needs. As household asset allocation accelerates toward standardized financial products and market efficiency improves, low-cost, transparent index products are gaining more attention, further promoting the optimization of issuance structures. Third, macro expectations are generally positive, which has to some extent boosted market sentiment and created a relatively favorable environment for new fund issuance.”

In terms of product types, equity funds remain the main force this week. Data shows that among the 43 planned new funds, 25 are equity products, accounting for nearly 60%, including 17 stock funds and 8 hybrid funds with a bias toward stocks. Among stock funds, passive index products dominate, with 13, accounting for 76.47% of stock funds.

Meanwhile, the number of FOF (funds of funds) products issued this week also increased significantly, with 9 new funds awaiting issuance, reaching a five-week high. Additionally, bond funds and QDII (Qualified Domestic Institutional Investor) funds will each launch 8 and 1 new products, respectively.

Regarding issuing institutions, the 43 new funds planned for this week come from 35 public fund companies. Among them, Invesco Great Wall Fund and E Fund each issued 3 new funds this week, tying for the lead.

Looking ahead, Bao Zhengyu, the designated fund manager for E Fund’s research-focused stock selection fund, said that since the beginning of the year, market sentiment has clearly improved, risk appetite has recovered compared to the same period last year, and the index has become more stable. The market’s profitability has rebounded, attracting continuous attention from incremental funds to equity assets. From the perspective of valuation and earnings matching, after previous adjustments and structural clearing, the overall valuation of A-shares remains within a relatively acceptable range, providing a necessary safety margin for further upward movement. Meanwhile, investors’ valuation framework has shifted from purely liquidity-driven to a re-evaluation of performance certainty and sustained prosperity, which suggests that this round of upward movement is more likely to develop in a “steady rise with structural leadership” manner.

(Edited by Wen Jing)

Keywords: Public Fund