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This year, the first new fund issuance failure occurred, for the pure debt product under Xinghua Fund.
Jinshi data news on March 3rd, recently, Xinghua Fund announced that Xinghua Xingsheng Pure Bond Fund could not meet the fund filing conditions, so the fund contract could not take effect. It is worth mentioning that this is also the first new fund announced to fail issuance since entering 2025.