First, the development of Public Offering of Fund.
The first stage: 1998-2000, the fund scale is very small, and the fund shares in three years are 10 billion, 5 10 billion and 6 10 billion respectively.
The second stage: 200 1 launched the open-end fund, and the fund scale was expanded to 80.9 billion.
The third stage: from 2002 to 2006, the scale expansion reached its peak.
The fourth stage: since 2007, the development scale of the fund has fluctuated, and the expansion scale reached its peak in 2003, and its market size of 654.38+063.3 billion more than doubled in 2002. Since 2004, influenced by market adjustment and other factors, the scale of fund issuance has fluctuated. By the end of 2005120, there were 54 closed-end funds and 59 open-end funds in China fund market, with a fund share of 320 billion.
Looking back on the past decade, the whole fund industry has made rapid development, from 200 1 to 61of 20 13; The number of funds has increased from 59 in 200 1 to 746 now. The assets managed by the fund also increased from 83.7 billion yuan in 201to 2,556.432 billion yuan in March in 211.
Second, the advantages of Public Offering of Fund
1, aimed at many unspecified investors;
2. Great fund-raising potential;
3. You can apply for listing on the exchange (such as closing);
4. Information is open and transparent.
Third, there are problems in Public Offering of Fund.
1. Due to the high liquidity risk and limited investment varieties in Public Offering of Fund, the fund products lack innovation. In the past two years, the fund market has made bold explorations in the direction of diversification.
2. 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;
3. 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.