Group 1 - The fund company announced a limit on daily subscriptions, conversions, and regular investments for its index fund I class shares to RMB 1 million starting from June 6 [1][3] - Other funds under the company, including the technology and healthcare index funds, also implemented the same limit of RMB 1 million for their I class shares, while A and C class shares remain unrestricted [3][4] - The reason for the limit is to "protect the interests of fund shareholders," preventing sudden large inflows that could disrupt investment strategies and lead to potential arbitrage opportunities [3][4] Group 2 - Industry experts believe that limiting large subscriptions helps to mitigate the impact of institutional funds, which could lead to rapid fund size expansion and affect strategy execution [4] - The recent positive performance of the Hong Kong stock market has attracted more institutional funds for short-term trading, particularly in I class shares designed for institutional investors with lower fees [4]

Group 1 - The fund company has announced a suspension of large subscriptions, conversions, and regular investment for I-class shares of several Hong Kong Stock Connect funds, citing the reason as "protecting the interests of fund shareholders" [1][2] - The large subscription limit for I-class shares is set at RMB 1 million, and any applications exceeding this amount may be rejected by the fund manager [1][2] - Other share classes, A and C, are not subject to these subscription limits, indicating a targeted approach to manage institutional investments [1][2] Group 2 - The overall scale of the affected funds is relatively small, with the combined scale of the Hong Kong Stock Connect Consumer Theme Fund at approximately RMB 83.1 million at the end of Q1 [2] - The reasons for the concentrated limit on I-class shares include preventing sudden inflows of large institutional funds that could disrupt investment strategies and managing potential arbitrage opportunities [3] - The recent positive performance of the Hong Kong stock market has led to increased participation from institutional investors, particularly in I-class shares, which are designed for institutional investors and typically have lower fees [3]