A fund sold out in one day! Forty new funds were launched this week: 27 fund companies including E Fund, GuoFeng, Jingshun, and Great Wall compete head-to-head, with Wu Zhenxiang, Cheng Xi, Zhou Hanying, and others taking the stage.

On March 10th, 40 new funds were launched this week, involving 27 fund companies including E Fund, Fullgoal Fund, China Merchants Fund, Tianhong Fund, Southern Fund, Invesco Great Wall Fund, Huitianfu Fund, and others. In terms of product types, 19 equity funds became the main focus of issuance, along with 8 hybrid funds, 6 bond funds, 6 FOF funds, and 1 QDII fund.

19 Equity Funds Focused on IPO: Hong Kong Stock Connect, New Energy, Chip Design Become Hot Tracks - Wu Zhenxiang, Cheng Xi, Zhang Xiaonan Compete on Stage

According to Wind data, this week, 19 equity funds began subscription, covering ETFs, ETF link funds, and index-enhanced funds, tracking themes such as Hong Kong Stock Connect, New Energy, Oil & Gas, Industrial Software, Chip Design, and Livestock Farming.

On March 9th, 11 funds launched subscriptions simultaneously, including Southern CSI Hong Kong Stock Connect 50 ETF Link (A: 026606.OF, 026607.OF), Tianhong ChiNext New Energy ETF (159190.OF), Yinhua CSI Industrial Software ETF (159180.OF), Huitianfu CSI Hong Kong Stock Connect Composite Index Enhanced (A: 026688.OF, C: 026689.OF), E Fund Hang Seng Biotech ETF Link (A: 026862.OF, C: 026863.OF), Huaxia CSI A500 Enhanced Strategy ETF Link (A: 026860.OF, C: 026861.OF), China Merchants CSI Oil & Gas ETF (159197.OF), Southern CSI All-Index Agriculture, Livestock, Fishery ETF (159173.OF), E Min Yuanjing Quantitative Stock Selection (A: 025877.OF, C: 025878.OF), E Fund CSI Hong Kong Stock Connect Technology ETF (159191.OF), Dongcai CSI Battery Theme ETF (159160.OF).

Southern, Huitianfu, and E Fund all launched products related to Hong Kong Stock Connect on the same day, indicating strong institutional interest in tech giants in Hong Kong stocks. Among them, Southern CSI Hong Kong Stock Connect 50 ETF Link (A: 026606.OF, 026607.OF) tracks the CSI Hong Kong Stock Connect 50 Index, E Fund CSI Hong Kong Stock Connect Technology ETF (159191.OF) focuses on tech leaders, and Huitianfu CSI Hong Kong Stock Connect Composite Index Enhanced (A: 026688.OF, C: 026689.OF) aims to outperform on top of tracking. On March 12th, E Fund launched the CSI Hong Kong Stock Connect Information Technology Composite ETF (159196.OF).

In the oil and gas sector, China Merchants CSI Oil & Gas ETF (159197.OF) started subscription on March 9th, and Hua’an CSI Oil & Gas ETF (159195.OF) was issued on March 11th, with two leading institutions competing simultaneously.

A major new product in chip design was launched: Guotai Shanghai Stock Exchange STAR Market Chip Design Theme ETF (589263.OF) on March 10th, precisely targeting the chip design niche.

In the New Energy sector, Tianhong ChiNext New Energy ETF (159190.OF), E Fund ChiNext New Energy ETF (159009.OF), and Invesco Great Wall ChiNext New Energy ETF (159187.OF) were successively listed, all tracking the ChiNext New Energy Index, providing tools for investors to allocate to the new energy sector. On March 13th, Huatai Bairui CSI Livestock Breeding Industry ETF (159007.OF) was listed.

Regarding subscription thresholds, most ETF products have a minimum of 1,000 yuan, while off-exchange index funds like Southern CSI Hong Kong Stock Connect 50 ETF Link and E Fund Hang Seng Biotech ETF Link have a minimum of just 1 yuan, offering low-threshold tools for retail investors.

Fund companies this week saw E Fund release three products focusing on Hong Kong Stock Connect information technology, ChiNext New Energy, and Hong Kong Stock Connect technology sectors; Southern Fund, Tianhong Fund, Huitianfu Fund, Guotai Fund, Huatai Bairui Fund, and others also launched new products. Fund managers include Cheng Xi, Wu Chendong, Zhang Zhan, Chang Rui from E Fund; Zhang Qisi from Southern Fund; You Cong from Tianhong; Zhang Haoran from Guotai; Wu Zhenxiang and Dong Jin from Huitianfu; Tan Yuefeng from Yinhua; Dou Fucheng from China Merchants; You Jiayu from Huatai Bairui; Wang Jiashi from GF Fund, among others, covering veteran, mid-career, and emerging fund managers.

8 Hybrid Funds Launched: Fullgoal, Invesco Great Wall, Dongfanghong Compete - Zhou Hanying, Liu Lili, Qian Ruinan on Stage

This week, 8 hybrid funds began subscription, including biased equity, flexible allocation, and other strategies, with consumption themes and “Fixed Income + (Plus)” strategies as main lines. Leading institutions include Fullgoal, Invesco Great Wall, Tianhong, Dongfanghong Asset Management, PICC Asset Management, Caitong Asset Management, Xinghe Fund, Hui Sheng Fund, among others.

On March 9th, five hybrid funds launched simultaneously, including Tianhong Honghua (A: 026452.OF, C: 026453), Invesco Great Wall Hengrui Selected (026376.OF), Fullgoal Value Strategy (026621.OF), Caitong Asset Management Consumer Focused (A: 026886.OF, C: 026887), etc.

Caitong’s Consumer Focused fund was issued for only one day, with a subscription deadline of March 9th, managed by Zhao Wen. Its benchmark is based on the CSI Mainland Consumer Theme Index (60%) and CSI Hong Kong Consumer Large Cap Index (20%), focusing on leading consumer companies in A-shares and Hong Kong stocks, reflecting strong confidence in the consumer sector. Tianhong Honghua’s minimum subscription is as low as 0.10 yuan, the lowest this week. Its benchmark is mainly the ChinaBond Comprehensive All-in Price Index (85%), combined with the CSI 300 Index (12%) and CSI Hong Kong Stock Connect Composite Index (3%), managed by Hu, with a subscription period until March 20th. Invesco Great Wall Hengrui Selected (026376.OF), managed by Zhou Hanying, uses the CSI A500 Index (60%) as core, combined with bonds and Hong Kong assets, with a deadline of March 20th.

On March 10th, Hui Sheng Tianyi (A: 026960.OF, C: 026961.OF) and Xinghe Industry Preferred (A: 026890.OF, C: 026891.OF) launched simultaneously. Hui Sheng Tianyi is jointly managed by Qian Ruinan and Zhuo Yong, with a benchmark mainly based on the ChinaBond Comprehensive All-in Price Index (75%), combined with CSI A500 Index (17%) and Hong Kong assets, with a deadline of March 23rd. Xinghe Industry Preferred A, managed by Liang Chenxing, uses the CSI 800 Index (75%) as core, plus Hang Seng Index (5%) and bonds, deadline until March 20th. On March 11th, PICC New Sharp Intelligent Selection (A: 026874.OF, C: 026875.OF) was launched, managed by Liu Shikai, with a benchmark mainly based on the CSI 500 Index (90%), focusing on small and medium growth stocks, deadline until March 20th.

On March 13th, Dongfanghong Cycle Focused (A: 026947.OF, C: 026948.OF) was issued for only one day, with a minimum subscription of 10 yuan, managed by Xiao Hu, benchmark mainly the CSI 300 Index (65%), plus Hong Kong stocks and bonds, continuing Dongfanghong’s value investment style.

Overall, this week’s new hybrid funds focus on consumption themes, “Fixed Income + (Plus)” strategies, and small-to-mid cap growth, balancing A-shares and Hong Kong stocks, stability and progress, providing investors with a rich set of tools for 2026 equity market allocation.

6 “Fixed Income + (Plus)” Bond Funds Launched: Equity Positions Up to 15% - Huabao, Rongtong, Caitong Asset Management Compete

This week, 6 bond funds started subscription, including hybrid bond funds and medium-to-long-term pure bond funds, with performance benchmarks generally adopting “bonds + equities” multi-asset strategies. Equity allocations are mostly between 10% and 15%, highlighting “Fixed Income + (Plus)” features.

On March 9th, five bond funds launched simultaneously, including Shanzheng Asset Management Yuhong 60-Day Rolling Holding (A: 025850.OF, C: 025851.OF), Dongcai Ruixing (A: 026233.OF, C: 026234.OF), Rongtong Zenghe (A: 026214.OF, C: 026215.OF), China Post Ruifu (A: 026508.OF, C: 026509.OF), Caitong Asset Management Shuangtai (A: 026361.OF, C: 026362.OF). Yuhong 60-Day Rolling is the only pure bond fund this week, benchmarked mainly against the ChinaBond Wealth Index (less than 1 year), managed by Liu Lingyun, with a deadline of March 20th. Dongcai Ruixing adopts a “Fixed Income +” strategy, benchmarked mainly against the ChinaBond Wealth Index (total), with additional indices, managed by Bao Yin and Xu Cheng, deadline until March 20th. Rongtong Zenghe also uses “Fixed Income +” with a benchmark mainly the ChinaBond All-Price Index (total), managed by Huang Haorong and Liu Ankun, deadline until March 27th. China Post Ruifu’s benchmark is mainly the ChinaBond New Comprehensive All-in Price Index, managed by Yan Yicheng, deadline until March 25th. Caitong Shuangtai’s benchmark is mainly the ChinaBond Composite Index (full price), managed by Gong Zhifang, deadline until March 20th.

On March 11th, Huabao Anrun Six-Month Holding (A: 025999.OF) launched, managed by Tang Xueqian and Lin Hao, benchmark mainly the CSI Composite Bond Index (88%), with additional indices, deadline until April 10th, with a 1 yuan minimum subscription, friendly to retail investors.

6 FOFs Launched Intensively: Fullgoal Releases Two New Products, Multi-Asset Allocation Becomes Mainstream - Gold Benchmark Continues Penetration

This week, 6 FOF products began subscription, including stable and multi-asset strategies, with performance benchmarks generally adopting “bonds + stocks + commodities,” with gold spot yields continuing to penetrate FOF benchmarks.

On March 9th, 4 FOFs launched simultaneously: Fullgoal Yinghe Stable 6-Month Holding (025818.OF), Yongying Yuanxin Stable Multi-Asset 6-Month Holding (A: 026707.OF, C: 026708.OF), Yifangda Ruyi Yingze 6-Month Holding (A: 026598.OF, C: 026599.OF), China Merchants Zhìwen Preferred 3-Month Holding (A: 026799.OF, C: 026800.OF).

Yifangda Ruyi Yingze 6-Month Holding sold out on its first day (March 9th), managed by Liu Shuxia. Its benchmark is mainly the CSI Bond Fund Index (70%), combined with CSI Equity Fund Index (18%), S&P 500 (4%), gold spot yield (3%), and savings interest, reflecting a global multi-asset approach. Fullgoal Yinghe Stable 6-Month Holding (025818.OF), managed by Wang Dengyuan, uses the CSI Pure Bond Index (80%) as core, plus CSI Equity Index (12%) and gold spot yield (3%), with a deadline of March 27th. Yongying Yuanxin Stable Multi-Asset 6-Month Holding, managed by Li Cheng, has a highly global benchmark including ChinaBond Composite Index, CSI 800, gold spot, S&P 500, Hang Seng Index, and savings interest, with a deadline until March 20th and a minimum of 10 yuan. China Merchants Zhìwen Preferred 3-Month Holding, managed by Wang Jian, uses the CSI Pure Bond Index (85%) as core, plus CSI 300 and Hang Seng, deadline until March 20th.

On March 12th, Fullgoal Zhixiang Stable 120-Day Holding (A: 026910.OF, C: 026911.OF) and Mingya Stable Allocation 3-Month Holding (A: 026929.OF, C: 026930.OF) were launched. Zhixiang Stable 120-Day Holding (A: 026910.OF), managed by Zhang Ziyan, benchmarks mainly against the CSI Pure Bond Index (82%), plus CSI Equity Index (10%) and gold spot, deadline until March 25th, with a 10 yuan minimum. This is Fullgoal’s second FOF this week, showing ongoing multi-asset strategy deployment. Mingya Stable Allocation 3-Month Holding (026929.OF), managed by Xu Zhicheng, benchmarks mainly against the ChinaBond New Composite All-in Price Index (75%), plus CSI 800, CSI Hong Kong Connect, and savings, with a long deadline until June 11th, offering a longer-term investment window.

Notably, among the 6 FOFs issued this week, 4 include gold spot yields in their benchmarks, with allocations of 3% to 5%. These include Fullgoal Yinghe Stable 6-Month Holding, Yongying Yuanxin Stable Multi-Asset, Yifangda Ruyi Yingze 6-Month Holding, and Fullgoal Zhixiang Stable 120-Day Holding.

In terms of benchmark design, the newly issued FOFs this week generally adopt a “domestic bonds + domestic equities + overseas equities + commodities” multi-asset configuration. Yongying Yuanxin’s benchmark covers ChinaBond, CSI 800, S&P 500, Hang Seng, and gold spot, highlighting a highly globalized allocation.

Additionally, one fund focusing on Hong Kong Stock Connect high-dividend strategies was issued: Great Wall Hong Kong Stock Value Selection (A: 026703.OF, C: 026704.OF), managed by Great Wall Fund, with a subscription period from March 9th to March 27th, starting at 1 yuan. Its benchmark is a composite of the CSI Hong Kong Stock Connect Dividend Low Volatility Index (RMB) *50%, Hang Seng Index (valuation exchange rate) *35%, and ChinaBond All-Price Index *15%, focusing on high-dividend strategies in Hong Kong stocks, balancing large-cap Hong Kong stocks and domestic fixed income assets.

Note: Data sources Wind, fund announcements, AI-assisted drafting. Funds carry risks; please invest cautiously!