On October 28, two announcements from Boshijijin () shook the new fund market. In the morning of October 28, Boshijijin announced that, based on confidence in the long-term healthy and stable development of the Chinese capital market, it will use its existing capital of 20 million yuan to invest in its equity fund, Boshijijin Chinese A500 Index Fund, and commit to hold it for at least one year. This announcement came after last week when Huashang Fund announced that it will use its existing capital of 20 million yuan to invest in Huashang Chinese A500 Index Enhanced Fund, and Huatai Bairui Fund announced that it will use its existing capital of 20 million yuan to invest in Huatai Bairui Chinese A500 ETF Linked Fund. It is another company that announced the purchase of its own A500 off-exchange index fund. The fundraising for Boshijijin A500 Index Fund also quickly progressed under the inspiration of the self-purchase announcement. In the afternoon of October 28, Boshijijin Fund announced the early end of fundraising, making it the second A500 index fund to do so within two days. Two funds end fundraising early within two days In the afternoon of October 28, Boshijijin Fund announced the early end of fundraising for the Boshijijin Chinese A500 Index Fund. According to the announcement of Boshijijin Fund, based on the relevant provisions of the "Boshijijin Chinese A500 Index Fund Contract" and "Boshijijin Chinese A500 Index Fund Sales Announcement," the fund manager has decided to advance the deadline for fundraising to October 28, 2024, and will no longer accept subscription applications from October 29, 2024. Investors should take note. This is the second A500 index fund product to end fundraising early recently. Previously, the Taikang Fund's Taikang A500 Index ETF Linked Fund announced the end of fundraising after just one day of sales last Friday, setting a peak in fund sales this year. A500 index products approaching the 80 billion mark Industry sources indicate that Boshijijin Chinese A500 Index started fundraising on October 25, and the estimated scale within two trading days exceeded 3 billion. In addition, considering the A500 index funds and A500 ETFs currently being issued, there are several products with fundraising scales ranging from 1.5 to 4 billion. Coupled with the expected scale of the previously concluded Taikang A500 ETF Linked Fund reaching around 5 billion. Along with the scale of the on-exchange A500 index ETF, It is expected that by the evening of October 28, the scale of A500 index products will be close to 80 billion yuan. This speed exceeds market expectations. Channels and fund managers are stepping up their efforts On the one hand, the result is related to the unique design of A500 index products, and on the other hand, it is closely related to the intensified efforts of channels and fund managers in fundraising for this fund. In terms of sales channels, after the heat of A500 index products increased, various institutions regarded them as a "touchstone" of their sales potential and continuously raised fundraising targets. Fund companies have also expressed their confidence through "self-purchase." Previously, Boshijijin announced in the morning of October 28 that it had purchased 20 million yuan with its existing funds and committed to holding it for more than a year. This became the third institution to announce self-purchase in just a few days after Huashang and Huatai Bairui. A500 index products may collectively enter the "grabbing" phase of rapid position building in the future On October 28, Boshijijin Chinese A500 Index Fund announced the early end of fundraising, making it the second A500 index product to do so within two days. In addition, there are 18 similar products in the industry currently raising funds, and two new products will be introduced this week. The continuous popularity of A500 index products may prompt earlier established products to enter the "grabbing" phase of rapid position building. This article was reprinted from "Wall Street News," and edited by Li Fo for GMTEight.