The bond value-added tax policy stimulates the demand for public offering outsourcing, and "fixed income +" may increase the allocation of dividend assets

Recently, due to changes in value-added tax policies, the bond market has experienced significant fluctuations. In the short term, the "new and old separation" has triggered institutions to rush to acquire, creating noticeable trading opportunities; in the long term, institutional investors such as banks, insurance companies, and brokerages may adjust their bond investment strategies to seek higher returns in the low-interest-rate era, looking for "fixed income +" investment opportunities like dividend assets. At the same time, since public asset management products enjoy a "half" tax incentive, it is possible that more bank and insurance funds will choose to entrust external public asset management for bond investments