In mid-June, 2007, the market value of A shares held by the Fund accounted for 30% of the circulating market value and 10% of the total market value. Now it is only about 20%.
The process of reducing the market share of fund positions is precisely the process of reducing the scale of holdings and strategic placement.
With the gradual lifting of the ban on non-tradable shares in the next two years, the market share held by the fund will continue to drop sharply, and it is expected that the market share of A shares held by the fund will eventually drop to about 5%.
The dominance of market game has changed from securities capital represented by funds to industrial capital represented by non-size