New fund sales are booming, with capital positioning for the long-term market.

Despite the adjustment in the A-share market in July, the market for newly issued funds exhibited a stark contrast, with several actively managed equity funds performing remarkably well in their fundraising efforts. The enthusiasm of ordinary investors in subscribing to new funds is backed by the in-depth analysis from many fund managers regarding the long-cycle nature of the current technology market. Public fund managers generally believe that the AI industry wave is not merely a short-term theme for speculation, and the cycle of the technology wave will last far longer than six months.