39 New Funds Launch as Public Fund Offerings Grow for Two Consecutive Weeks

The recovery momentum in China's public fund issuance market continued in November. According to data from Howbuy, based on the fund subscription start date, 39 new public funds entered the subscription period across the market during the week of November 10-16, 2025. This represents a 5.41% increase compared to the 37 funds launched the previous week, marking the second consecutive week of growth since November began. Furthermore, the average fundraising days for new funds that week dropped significantly to 16.92 days from 19 days the prior week, further confirming the recovery in market activity.

Li Chunyu, FOF Fund Manager at Howbuy Group, stated that the sustained recovery in the public fund issuance market during November stems primarily from three positive factors. Firstly, the improved environment in the A-share market has led to a significant rebound in the performance of equity-focused funds. This profitability directly ignites investor enthusiasm and serves as the core engine driving the issuance recovery. Secondly, against the backdrop of the net-value transformation of asset management products, household wealth management concepts are shifting from simple savings to professional allocation. The preference for regulated and transparent instruments like public funds forms a solid foundation for market expansion. Thirdly, fee reforms promoted by regulators and the strengthened co-investment mechanisms for fund managers have enhanced the alignment of interests. Coupled with the continuous broadening of distribution channels, these measures have significantly improved the systemic competitiveness of public funds by reducing costs, enhancing efficiency, and building trust.