Listed companies continue to disclose semi-annual reports, renowned fund managers' rebalancing strategies emerge.

Recently, with the continuous disclosure of the semi-annual reports of listed companies, the repositioning operations of many well-known fund managers such as Xie Zhiyu, Ge Lan, and Zhu Shaoxing have come to light. For example, Zhu Shaoxing's management of the Fuguo Tianhui Selection Growth Fund became one of the top ten new circulating shareholders of Guangdong Hongda at the end of the second quarter; Ge Lan's management of the China-Europe Medical Health Fund increased its holdings of many stocks such as Huadong Medicine, Xilentai, Nuocheng Jianhua, and Xinruowei in the second quarter; Xie Zhiyu's management of the Xingquan Herun LOF Fund became one of the top ten new circulating shareholders of Lucky Air at the end of the second quarter. Some industry insiders have said that by 2025, the fundamentals of the A-share market will improve and the trend of value reassessment will be clear, the pattern of dividends setting the stage and high-quality technology performing will continue.