Core Viewpoint - The introduction of a "sale coordinator" role in the issuance of the Southern Shanghai Stock Exchange Science and Technology Innovation Board Growth ETF is a rare occurrence in the fund issuance process, indicating potential adjustments in response to new market conditions [1][3][5]. Group 1: Role of Sale Coordinator - The sale coordinator is responsible for managing the flow of funds during the fund subscription period, ensuring that the funds are collected and allocated to the fund custodian account [2][4]. - This role is uncommon in the issuance of ETFs and almost non-existent in non-ETF fund issuances, suggesting a unique approach taken by the fund company [1][6]. - The addition of a second sale coordinator, Zhongtai Securities, alongside Changjiang Securities, reflects a possible adaptation to recent developments in the ETF market [6][8]. Group 2: Fund Issuance Process - The Southern Shanghai Stock Exchange Science and Technology Innovation Board Growth ETF is open for subscription from May 6 to May 16, with both online and offline cash subscription options available [3]. - The issuance process involves multiple parties, including the fund company, distribution agencies, and custodians, with brokers typically acting as distribution agents [3][4]. - The introduction of the sale coordinator may enhance the efficiency of the fund issuance process, aligning with the broader goal of high-quality development in the public fund industry [9][10]. Group 3: Regulatory Context - The recent regulatory framework emphasizes the importance of fund issuance as a critical component of high-quality development, with specific measures aimed at optimizing the registration process for equity funds [9][10]. - The new measures aim to enhance the scale and proportion of equity investments, reflecting a shift towards prioritizing investor interests in fund operations [10].

Group 1 - Public and private funds are increasingly focusing on the technology sector, with 45 new public fund products launched in the week following the May Day holiday, over 70% of which are equity funds targeting technology [1][2] - In April, there was a significant increase in institutional research activity in the technology sector, with over 2000 instances of research conducted in electronic devices, medical devices, computer software, and specialized equipment [2][3] - The electronic and pharmaceutical industries were the most researched sectors in April, with over 1200 research instances each, indicating strong interest from private equity [3] Group 2 - Notable private equity firms have already begun to increase their investments in technology assets, particularly in the semiconductor sector, with specific increases in holdings of companies like Lexin Technology and Chipone Technology [4] - As of the end of the first quarter, 26 large private equity firms had their products listed among the top ten circulating shareholders of various listed companies, with a strong focus on the electronic industry [4] - The report highlights that over 30 electronic sector stocks have attracted significant investment from large private equity firms, showcasing a strategic shift towards technology assets [4]