December 2nd, Fidelity Fund, Schroder Fund, and BlackRock Fund have successively announced the issuance of bond funds since November. Fidelity has already completed its fundraising. Schroder stated that the “Schroder Evergreen Bond Fund” will be issued on December 4th. Schroder Fund is the fourth wholly foreign-owned public fund management company approved for establishment. BlackRock’s latest announcement states that the “BlackRock Anrui 30-day Holding Period Bond-type Securities Investment Fund” will be issued on December 4th. Regarding the future bond market environment, institutions generally believe that the current bond yield curve is flattening due to both unexpected convergence of funds and market expectations of a conservative economy.