FOF welcomes a year of large-scale issuances, with the first fundraising of the year exceeding 130 billion yuan.

FOFs have entered an unprecedented year of issuance. By early August, the new issuance scale of FOFs had exceeded 130 billion yuan, setting a new historical record for FOF fundraising in a single year. However, behind the fervor of FOF issuance, the industry is experiencing structural differentiation: new funds are being raised vigorously, while existing FOFs face challenges of redemptions and liquidation.