Nearly 300 medium-risk funds experienced a monthly decline of over 30%. The issue of delayed risk assessment for funds remains unresolved.

In July, amid a sharp correction in the technology sector, over one-third of the 790 actively managed equity funds that fell more than 30% maintained an R3 medium risk rating, indicating that the short-term deep drawdown has not been reflected in the risk rating adjustments. The risk ratings of fund products are severely lagging, revealing a significant disconnection from actual volatility. An insider from the public fund industry stated in an interview with the Securities Times that the risk ratings of relevant funds have failed to timely disclose the risk of net asset value decline, showing a clear lag.