According to the CITIC Securities Research Report, on September 11, 13 fund institutions submitted debt-based declaration materials to support further expansion of product layouts for small and medium-sized fund companies. The management scale and product structure of the second batch of reporting agencies were clearly divided, and the products were successfully approved or promoted more diversified in their product structure. Looking ahead, CITIC Securities expects that the debt side of the amortized debt base may be dominated by long-term bank financial management. Further expansion of amortized debt-based declarations is expected to bring structural incremental capital to the bond market. Demand for debt distribution is expected to be gradually released as products are approved, established, and positions opened.

According to the CITIC Securities Research Report, on September 11, 13 fund institutions submitted debt-based declaration materials to support further expansion of product layouts for small and medium-sized fund companies. The management scale and product structure of the second batch of reporting agencies were clearly divided, and the products were successfully approved or promoted more diversified in their product structure. Looking ahead, CITIC Securities expects that the debt side of the amortized debt base may be dominated by long-term bank financial management. Further expansion of amortized debt-based declarations is expected to bring structural incremental capital to the bond market. Demand for debt distribution is expected to be gradually released as products are approved, established, and positions opened.