Group 1 - Multiple fund companies have submitted applications for science and technology bond index funds, with 12 companies applying this year as of May 27 [1] - Bosera Fund announced a self-purchase of floating rate funds, investing 10 million yuan each in two newly launched equity funds, reflecting confidence in the long-term stability of China's capital market [2] - Several North China 50 index funds have implemented purchase limits to protect the interests of existing fund holders, with varying daily purchase limits set by different funds [3][4] Group 2 - Fund companies have been actively increasing new share classes for their products, with C, D, and E share classes being introduced in May [5] - Cai Leping has been appointed as the general manager of the index and quantitative investment department at Yongying Fund, bringing 8 years of experience in the securities industry [6] - Fund managers are optimistic about investment opportunities in the innovative pharmaceutical sector, predicting a significant growth phase in 2025 for the industry [7][8] Group 3 - The stock market experienced a rebound on May 29, with major indices showing gains and a notable increase in trading volume, particularly in sectors like computer equipment and biotechnology [9]

Core Viewpoint - Since May, public fund institutions have been actively announcing the addition of new share classes for their funds, as well as enabling the conversion of different share classes within the same fund, which enhances product competitiveness and meets diverse investor needs [1][2][4]. Fund Share Addition - Fund institutions are increasingly adding new share classes, such as C, D, and E shares, to cater to varying investor preferences regarding fees and investment horizons [2][3]. - For instance, on May 28, Xingyin Fund Management announced the addition of C and E share classes for its Xingyin Jufeng Bond Fund, while the original shares were converted to A shares [2]. - The fee structures differ among share classes, with A shares charging subscription fees but not service fees, while C and E shares do not charge subscription fees but have different service fee rates of 0.15% and 0.20% respectively [2][3]. Share Conversion Channel - Several public fund institutions, including Changxin Fund Management and Guohai Franklin Fund Management, have opened conversion channels for different share classes, allowing investors to switch shares based on their investment strategies [4]. - This conversion capability enhances liquidity for investors, reducing transaction costs and time by eliminating the need for redemption before subscription [4]. - The addition of share classes and conversion features is expected to attract more investors, particularly those sensitive to fees or with specific needs, thereby increasing market share for the funds [4].