Since the development of China fund industry for eight years, the market share of funds has shown a step-by-step growth trend:

The first stage is 1998 to 2000. Because the market variety is limited to closed-end funds, 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 is 200 1. Due to the introduction of open-end funds, the fund scale has expanded to 80.9 billion.

The third stage was in 2002-2003, and the scale of the fund increased rapidly. In 2003, the scale of expansion reached its peak, and its market size of 654.38+063.3 billion was more than double that of 2002. Since 2004, affected 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.

2. Existing problems in Public Offering of Fund.

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

On the one hand, the rapid progress 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 crisis requirements of institutional investors and individual investors such as social security funds, low-crisis products are widely favored, prompting fund enterprises to attach importance 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.