Bond funds continue to dominate the new issuance market, while equity products show uneven performance.

In May, the public offering fund issuance market continued to perform the "Song of Ice and Fire". A review revealed that bond funds dominated the market with a strong issuance proportion of 55.07%, while ETF issuance scale suffered its fourth consecutive decline of the year, only raising funds for 11.068 billion shares in a single month. Meanwhile, in equity products, theme funds such as the Science and Technology Innovation Board and digital economy attracted funds against the trend, but mixed funds faced a difficult situation, reflecting the continuous shrinkage of market risk appetite.