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"funds that are easy to sell are launched immediately, but some (products) that are hard to sell are delayed until the last minute." a marketing person in south china told caixin that when the market performs poorly or is expected to be unpopular, some products that are difficult to launch will be postponed, but they must be digested before the approval expires.

since the beginning of this year, the market has repeatedly fallen, equity products are facing great fundraising pressure, and the scale of new issuance has shrunk significantly. wind data shows that as of september 23, the issuance scale of equity products was 136.759 billion yuan, the lowest in the same period in the past five years, and the proportion also dropped to 16.5%.

however, china business news noted that in this context, there has been an increase in the number of last-minute issuances of equity products. many products such as huaan prosperity returns, bank of china digital economy, and caitong pharmaceutical health have only started issuing when they are close to the overdue "red line". in the eyes of industry insiders, last-minute issuance may be a helpless move in the case of a poor market. however, at the current point in time, the further downward space for a-shares is very limited.

more last-minute issuance cases

since the beginning of this year, the a-share market has continued to adjust. the shanghai composite index briefly surged to 3174.27 points before entering a downward range and successively fell below the 2900 and 2800 integer levels, even dropping to 2689.7 points on september 18. as of the close of september 23, the shanghai composite index had four consecutive positive daily lines, set at 2748.92 points, and the year-to-date decline narrowed to 7.2%.

as the market continues to bottom out, the issuance of equity products has slowed down overall. wind data shows that as of september 23, based on the fund establishment date, a total of 844 new funds (only initial funds are counted, the same below) have been established this year, with a total issuance scale of 828.982 billion yuan.