Fund companies have "stepped in" to subscribe for their funds, sending a positive signal to the market.

October seventeenthSeven head public offerings and brokerage asset management announced their own purchase of their equity products, with a self-purchase scale of more than 660 million yuan.Among them, Yi Fangda announced that he would buy 150 million yuan; Guotai Junan Capital Management announced that he would buy 110 million yuan; four companies, Southern Fund, Huitianfu Fund, Zhongtai Securities Management and Guangfa Fund, each purchased 100 million yuan; and Huatai Capital Management invested 10 million yuan.

Yi Fangda Fund Company announced that based on the confidence in the long-term, healthy and stable development of China's capital market, it will use its inherent funds to invest a total of 150 million yuan in its equity funds in the near future.

Guotai Junan Capital Management also issued an announcement, based on his confidence in the long-term, healthy and stable development of China's capital market, the broad prospects of the third pillar of the pension system, and the company's investment management ability, decided to use inherent self-funds totaling 110 million yuan to subscribe for the company's two pension target funds.

On the same day, Southern Fund announced that based on the confidence in the long-term, healthy and stable development of China's capital market, it will invest its inherent funds in its partial-stock hybrid public offering funds. Among them, 30 million yuan is invested in southern comparative advantage A, 20 million yuan is invested in southern emerging industry A, and 50 million yuan is invested in southern Chuhui holding (FOF) A for three months, with a total investment of 100 million yuan.

Huitianfu Fund announcement, based on the confidence in the long-term, healthy and stable development of China's capital market and the company's active investment management ability, and in line with the principle of risk-sharing and benefit-sharing with the majority of investors, the company's Huitianfu Investment Management Co., Ltd. decided to invest 100 million yuan in its Huitianfu consumer industry and Huitianfu advantage selection of two products.

Zhongtai Securities Capital Management also announced that based on the long-term healthy and stable development of China's capital market and the company's confidence in the company's investment management ability, and in line with the principle of risk-sharing and benefit-sharing with the majority of investors, the company has applied for purchase in the near future and will hold its partial stock funds for a long time for not less than one year.

Guangfa Fund announced today that based on its confidence in the high-quality development of the public offering fund industry and the long-term healthy and stable development of China's capital market, the company will use its inherent funds totaling 100 million yuan to invest in its equity funds in the near future.

Huatai Capital Management also said that it will use no more than 10 million yuan of its own funds to invest in the equity public offering funds of the capital company. Where there are other provisions on the proportion of investment in laws, regulations and regulatory provisions, the actual amount of investment will be followed.

The total self-purchased funds of nearly 100 funds exceeded 14.5 billion during the year.

Since the beginning of this year, there has been a wave of interest rate hikes around the world, risky assets have fluctuated sharply this year, and the A-share market has fluctuated. At this critical point, fund companies all pay out of their own pockets to buy their own products.

According to the Securities Times, Wind statistics show that as of October 16, more than 90 public funds had made self-purchases, totaling more than 14.5 billion yuan.

Among them, the public offering fund with the highest self-purchase cost 6.1 billion yuan. Two public funds purchased more than 2 billion yuan, 15 public funds purchased between 100 million yuan and 600 million yuan, and 17 public funds purchased more than 100 million yuan. Another 57 public funds purchased between 10 million yuan and 100 million yuan, while the rest of the funds purchased less than 10 million yuan.

The product categories purchased by funds cover stock, hybrid, bond and currency funds. Among them, stock funds and mixed funds received 610 million yuan and 1.906 billion yuan respectively, and the total amount of the two types of funds exceeded 2.5 billion yuan.

Economic fundamentals have long been optimistic about the medium-and long-term performance of A-shares.

Public offering funds are now buying themselves, which has become the focus of the current market. Market analysts pointed out that the self-purchase actions taken by most public offering funds during the year may be mainly based on market factors: on the one hand, they can stabilize investor confidence and reduce irrational behavior caused by panic; on the other hand, they buy at bargain prices, indicating confidence in the follow-up trend of the stock market.

The self-purchase of existing products, especially large-scale self-purchase, shows the determination of fund companies to share risks and benefits with investors, as well as confidence in the future market.

When talking about why he chose to buy himself at this time, some fund managers saidChina's economy is resilient, has great potential and is full of vitality, and the fundamentals of long-term improvement will not change. in addition, the A-share market has been adjusted to a very low position and the overall valuation has a certain performance-to-price ratio.

According to Liu Xiaoyan of China Fund Bao and Yi Fangda Fund, China's economy is steadily improving, the capital market is becoming more and more mature, and the future development opportunities and responsibilities of the fund industry are equally important. Yifangda Fund will always adhere to the original mission of supporting the development of the real economy and meeting the wealth management needs of residents, continue to strengthen the building of investment and research capacity, give full play to the resource allocation role of institutional investors, and promote economic innovation-driven development and transformation and upgrading. At the same time, we should focus on enhancing investors' access to innovative products and services, and strive to contribute professional strength to high-quality economic and social development and the realization of common prosperity.

Zhang Hui of the Huitianfu Fund pointed out: looking back over the past decade, China's economy has made great strides along the new track of high-quality development, the construction of a multi-level capital market system has achieved remarkable results, market inclusiveness has been greatly improved, and the function of investment and financing has been significantly enhanced. a benign market ecology has gradually taken shape, the competitiveness of market players has steadily improved, and the depth and breadth of two-way opening up have been further expanded. As an important part of institutional investors, public offering funds have witnessed the changes of China's capital market, and are playing a more and more important role in implementing inclusive finance, achieving common prosperity and maintaining the reform, development and stability of the capital market.

Entering a new era of high-quality development of the industry, Huitianfu Fund will continue to adhere to its original mission, abide by its fiduciary obligations, solidly enhance its investment research capacity, and comprehensively improve its professional service level. actively fulfill the responsibility of capital market stabilizer and "ballast stone", continuously enhance their own strength in serving the national strategy and the real economy, and create long-term and sustainable investment returns for holders. We will contribute to the construction of a new development pattern and promote high-quality economic development, and congratulate the successful convening of the 20th CPC National Congress with practical actions.