New funds in the equity category have repeatedly become bestsellers, with the first fundraising breaking 266 billion yuan this year.

With the market heat rising, there is a strong sense of warmth in the new issuance market of equity funds. Recently, a new equity fund under Huaxia Fund has quickly gained popularity, with a fundraising target of 5 billion RMB sold out in one day and initiating a pro-rata allocation at the closing date. Data shows that several new equity funds with a target size of 5 billion RMB have been launched this year, and the total size of equity funds' initial issuance has exceeded 266 billion RMB, with a year-on-year increase of over 50%.