Multiple incremental capital entering the market to construct a counter-layout and build a defensive line for absorption.

At the time of fluctuations in the A-share market, various incremental funds are entering the market to position themselves. Since July, funds have flowed into ETFs significantly, some newly established funds have quickly built up positions, public and private equity funds have been intensively buying back their own funds, and high-performance funds have also relaxed purchase restrictions to attract "new bullets." Industry insiders say that historically, A-shares have seen instances of funds entering the market in the opposite direction during adjustments, which has supported the market. Currently, institutional investors have a relatively high level of recognition for the value of the current position, with strong support at lower levels.