Renowned asset management giant, Jingshun Group, increases its positions in China.

The latest document from the well-known asset management giant Invesco Group in the United States shows that one of the flagship funds under the group, the Invesco Developing Markets Fund, significantly increased its holdings of Chinese stocks. In July of this year, the fund increased its holdings of A shares of Yili Group by 1404.21% and increased its holdings of A shares of JD.com by 1112.11%. Public documents on the Invesco Group's official website show that as of the end of July this year, the fund's major holdings include Tencent Holdings, Samsung Electronics, HDFC Bank, Huazhu Group, Kotak Mahindra Bank, Vale, AIA Insurance, and JD.com. In terms of changes in holdings, the fund mainly increased its holdings of stocks related to China's new consumption in July. In addition to significantly increasing its holdings of Yili and JD.com, it also increased its holdings of Alibaba by 187.16%; the reduction in holdings was mainly focused on semiconductor and information technology stocks, possibly for profit-taking operations. In a recent report released by the Invesco Group, it pointed out that the young consumer groups in China are increasingly focusing on the emotional value and identity recognition of products, driving consumption trends such as IP derivatives, designer toys, and niche drinks. This marks China's transition from a low-profit manufacturing industry to a high-profit, innovation-driven consumer economy.