According to Wande data, as of September 29, the number of new development funds reached 1,344 during the year, an increase of nearly 22%; the total size of new development funds was 889.802 billion yuan, a year-on-year decrease of more than 3%. The divergent data of one rise and one drop just reflects the industry's current development difficulties: on the one hand, fund companies are speeding up the upgrading and expansion of product lines, innovative products continue to be launched, and market supply continues to flow; on the other hand, investors' willingness to subscribe has cooled down, hundreds of index funds have issued announcements extending the fundraising period, and the industry is weak in internal circulation and fund-raising.

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