SIASUN(SZ:300024) Sou Hu Cai Jing·2025-08-25 13:07Core Viewpoint - The recent market rally has led to significant returns for public funds, with many achieving over 100% returns this year, particularly in the Hong Kong stock theme funds and the Beijing Stock Exchange theme funds [1][3]. Group 1: Market Performance - The Shanghai Composite Index has surpassed 3800 points, reaching its highest level since August 20, 2015 [1]. - As of August 22, 22 funds have reported returns exceeding 100% this year, showcasing strong performance [1][2]. Group 2: Fund Performance - Over half of the "doubling funds" are focused on Hong Kong innovative pharmaceuticals, with notable funds like Changcheng Medical Industry Selected Mixed Fund A and Bank of China Hong Kong Stock Connect Medical Mixed Fund A achieving returns of 130.82% and 123.53% respectively [2][3]. - The CITIC Construction Investment Beijing Stock Exchange Selected Two-Year Open Mixed Fund A has also performed well, with a return of 118.94% this year [2][3]. Group 3: Sector Insights - The Hong Kong innovative pharmaceutical sector has seen a valuation recovery due to expectations of interest rate cuts by the Federal Reserve, easing of medical insurance negotiation policies, and the approval of new drugs for leading companies [3]. - Other sectors such as humanoid robots and AI technology funds have also shown strong performance, with the Yongying Technology Selected Mixed Fund A rising by 116.09% this year [4].