Due to high liquidity risk and limited investment varieties, Public Offering of Fund lacks fund product innovation. In the past two years, the fund market has made bold explorations in the direction of diversification.

On the one hand, the rapid development of the fund industry and the relaxation of policies encourage the innovation of fund products, and fund companies compete to launch new products to attract investors' attention. From the sales situation, investors' recognition of fund innovation is obviously higher than that of fund products lacking innovation;

On the other hand, due to the safety and risk requirements of institutional investors and individual investors such as social security funds, low-risk products are generally favored, prompting fund companies to pay attention to the development of products such as capital preservation funds and money market funds. However, compared with the mature foreign fund market, there are still some problems in China's fund market, such as the same fund holdings, the unclear characteristics of newly raised funds, and insufficient varieties.