[The demand for amortized cost debt bases is strong and over 200 billion allocation funds are expected to be implemented] On September 21st, the first batch of 15 amortized cost debt bases were approved just last week. As of September 19, 7 products have been scheduled for issuance. Public information shows that the annual management fees of the seven products are all 0.15%, and the custody fees are all 0.05%. Based on the upper limit of 8 billion yuan, the first batch of 15 products is expected to bring in 120 billion yuan in funds. If the second batch of 13 products that have been reported is included, a total of 224 billion yuan in allocation funds is expected to be brought in. Since the demand for amortized cost debt base is highly rigid and highly compatible with the demand for allocating institutional funds, the new fund is expected to focus on allocating high-grade credit bonds with a maturity of about 5 years under a 63-month lock-in period, bringing structural allocation power to the bond market.