[public offering Industry "Metabolism" accelerates liquidation of more than 100 funds so far this year] the "metabolism" of the public equity fund industry has accelerated along with the market turmoil. Data show that since the beginning of this year, there have been 118 liquidations of public funds, most of which are "mini-bases" with a scale of less than 50 million yuan. But at the same time, 454 products have been set up so far this year, and 205 funds have ended raising ahead of schedule, resulting in an "uneven hot and cold" market performance. Analysts believe that whether Shang Xin or liquidation is a normal phenomenon, survival of the fittest can promote the high-quality development of the public offering industry and optimize the resource allocation of fund investors.