The entire chain of rights-based fund issue, establishment, and positioning is accelerating.

On August 20th, all three major stock indexes in A-shares closed higher, with the Shanghai Stock Exchange Index hitting a new high. The strong performance of the A-share market boosted market sentiment, leading to an increase in the speed of equity fund issuance, establishment, and positioning to seize the opportunity to build positions. Incremental funds are entering the market rapidly. Public funds are actively positioning themselves in the equity market, with the positioning level of actively managed equity funds reaching a high. According to interviewees, fund managers are seizing market opportunities to speed up positioning, and the rapid growth in the net asset value of new funds is expected to attract more funds into the equity market, forming a virtuous cycle.