Group 1 - Multiple public fund institutions have initiated a new round of portfolio adjustments, with some increasing positions in growth sectors like technology and pharmaceuticals, while others adopt a more conservative strategy by slightly reducing equity positions and increasing fixed-income assets [1][2] - The market environment is prompting some institutions to favor growth styles, with specific funds focusing on AI computing and strong pharmaceutical themes being favored in recent adjustments [2][3] - New consumption sectors are also gaining attention, with several funds increasing their allocations to consumer-driven investments [3] Group 2 - Some portfolios have adopted a defensive approach, reducing equity and gold positions while increasing bond allocations due to heightened market volatility [3] - The "launch" plans of various portfolios indicate a more flexible investment strategy, with frequent launches seen as a positive market signal [4] - The current market is characterized by a desire for certainty, with expectations for a potential cross-year rally once uncertainties are resolved [4][5] Group 3 - The long-term investment logic for the technology sector remains solid, despite short-term fluctuations and high trading congestion [5][6] - The market is undergoing structural optimization, with many low-valued sectors indicating limited overall downside potential [6] - Recommendations include focusing on sectors with high valuation recovery potential and gradually increasing allocations to technology investments with strong long-term fundamentals [6]

Core Viewpoint - E Fund Management Co., Ltd. announced the suspension of large-scale subscriptions and large-scale conversions for the E Fund Growth Dynamic Mixed Securities Investment Fund starting from August 12, 2025, to ensure stable fund operations and protect the interests of fund shareholders [1] Summary by Category Fund Operations - The E Fund Growth Dynamic Mixed Securities Investment Fund will suspend large-scale subscriptions and conversions for both A and C class shares starting from August 12, 2025 [1] - The daily limit for a single fund account for subscriptions (including regular investments and conversions) is set at 1 million yuan (100万元) for both A and C class shares [1] Subscription Details - If a single subscription exceeds 1 million yuan, only the first 1 million yuan will be confirmed, and any amount above this will be rejected [1] - In cases of multiple subscriptions within a single day that exceed the 1 million yuan limit, the fund manager will process applications in descending order until the limit is reached, with any remaining amounts being rejected [1] Future Announcements - The specific date for the resumption of large-scale subscriptions and conversions will be announced separately [1]

Group 1 - The core point of the article highlights that Tonglian Precision has experienced a continuous decline for seven trading days, with a cumulative drop of -10.23% [1] - Tonglian Precision, established in 2016, specializes in the production of Metal Injection Molding (MIM) products and technical solutions [1] - E Fund's E Fund Kexun Mixed Fund has entered the top ten shareholders of Tonglian Precision, marking its new investment in the fourth quarter of the previous year [1] Group 2 - The fund manager of E Fund Kexun Mixed is Liu Jianwei, who holds a master's degree in finance and has extensive experience in the investment industry [3][4] - Liu Jianwei has been managing the fund for over five years, with a total return of 98.79% during his tenure [4] - E Fund was established in April 2001 and has multiple shareholders, with significant stakes held by Yingfeng Group, Guangdong Yuecai Trust, and Guangfa Securities, each holding 22.65% [4]