The overall trend rose sharply with the market shock, especially the fund team with strong stock selection ability performed well and obtained better excess returns. To put it simply, for example, passive funds that track the Shanghai and Shenzhen 300 index have good returns. In July, the blue-chip leading stocks in the market rose and rose, while the overall performance of GEM and SME board stocks was inferior (GEM rose a lot last year and went down like a seesaw this year). Personally, the implementation of various reforms of state-owned enterprises and the proposal of the Belt and Road Initiative have all caused the stock to skyrocket, which is for reference only.

The chart below shows the weekly K-line of Shanghai and Shenzhen 300 for reference only.