In September, the enthusiasm for the launch of new equity funds remained high, with a total of 124 funds scheduled for issuance throughout the month. Notably, 85 of these funds were equity funds, representing nearly 70% of the total. The primary factors behind this surge in new launches were the strengthening market sentiment and supportive policy measures. By early September, both the partial stock fund and stock fund indices had reached new highs in nearly three years, boasting gains of approximately 50% over the past year.