We learned from the industry that many brokerage firms, including Western Securities, Changjiang Securities, Northeast Securities, and Huafu Securities, have received relevant notices and are making every effort to prepare fund investment license applications. It is expected that they will centrally submit application materials before the end of August. As rate reform progresses steadily, underlying fund instruments have ushered in opportunities for optimization. I learned from an investment agency in Shanghai that many institutions in the industry are actively advancing preparations related to “investment shares.” In the future, the fund's investment share will have an investment logo. From the steady expansion of the pilot to “investment share” ready to go, the development of the fund investment industry is ushering in new opportunities. Industry insiders believe that in the future, various investment institutions will compete on the same stage and work together to face this round of ecological transformation in the field of fund investment.

We learned from the industry that many brokerage firms, including Western Securities, Changjiang Securities, Northeast Securities, and Huafu Securities, have received relevant notices and are making every effort to prepare fund investment license applications. It is expected that they will centrally submit application materials before the end of August. As rate reform progresses steadily, underlying fund instruments have ushered in opportunities for optimization. I learned from an investment agency in Shanghai that many institutions in the industry are actively advancing preparations related to “investment shares.” In the future, the fund's investment share will have an investment logo. From the steady expansion of the pilot to “investment share” ready to go, the development of the fund investment industry is ushering in new opportunities. Industry insiders believe that in the future, various investment institutions will compete on the same stage and work together to face this round of ecological transformation in the field of fund investment.