On August 8, 2025, Southern WanGuo Data Center Public REIT and Southern Runze Technology Data Center Public REIT (code: 515011) successfully listed on Shanghai and Shenzhen stock exchanges, delivering impressive first-day performances with both achieving 30% daily limit gains. Specifically, Southern WanGuo closed at 3.90 yuan with trading volume of 234 million yuan and turnover rate of 25.37%; Southern Runze closed at 5.85 yuan with trading volume of 452 million yuan and turnover rate of 26.43%.

According to Wind data, the addition of Southern WanGuo and Southern Runze brings the total number of public REITs in the secondary market to 73. Among products that rose on their listing debut, 67 posted gains, accounting for over 90%. Of these gaining products, 15 achieved first-day gains of 30%, representing 20.55% of the total; while 22 and 32 products recorded gains exceeding 20% and 10% respectively, accounting for 30.14% and 43.84%.

Meanwhile, public Fund of Funds (FOF) products also showed active performance in the market. On August 4, Morgan Yingyuan Steady Three-Month Holding Period Hybrid (FOF) product quickly sold out in the market, raising over 2.7 billion yuan and becoming the first FOF product this year to complete fundraising through "one-day sellout." Wind data shows that as of the end of Q2 2025, there were 517 FOF products in the market with total scale reaching 165.67 billion yuan. The advantage of FOF products lies in their ability to achieve low-volatility returns through diversified allocation, making them favored by investors in low interest rate environments.

In the bond market, bond ETFs are experiencing renewed development opportunities. As of August 5, the scale of Bosera ChiNext Bond ETF has exceeded 10 billion yuan, reaching 10.031 billion yuan. According to Wind statistics, there are currently 40 bond ETFs in the market with total scale approaching 520 billion yuan, of which 24 are worth over 10 billion yuan, accounting for approximately 60%. With the overall bond market strengthening and increasing allocation demand, bond ETFs are showing rapid development momentum.

Huatai Securities analysts point out that the current liquidity-driven market still has support from incremental funds. Last week, A-share margin trading balance returned to 2 trillion yuan, reaching a ten-year high, demonstrating the contribution of trading funds. At the same time, the number of private securities investment fund registrations in July also reached a yearly high. Fundraising for equity-oriented public funds has also warmed up since mid-month, and liquidity is expected to continue supporting the market going forward.

Institutions also show optimistic attitudes toward future markets, with Huatai Securities suggesting investors should focus on big finance, pharmaceuticals, and military industries in their allocations. Facing inflation and policy impacts, short-term market risk appetite may fluctuate, but overall downside space is limited. Market sentiment support and ample liquidity may drive the market to rally again.

SDIC Securities' analysis focuses on the performance of technology blue-chip stocks, pointing out that the current extreme barbell strategy in the market still has certain profit potential but also faces the risk of declining excess effectiveness. Relatively undervalued intermediate assets are expected to see rebounds in absolute and excess returns. The third quarter may become decisive for ChiNext and technology stocks, with related investment strategies receiving widespread market attention.

Overall, with the REIT boom and rapid development of FOFs, various financial products in the market are showing strong vitality, attracting increasing investor attention. In the upcoming market environment, how to seize these investment opportunities will become an important issue facing investors.