On January 22, the full disclosure of public funds' fourth-quarter reports for 2025 revealed that the net asset value of public funds across the market soared to a record high, surpassing RMB 37.64 trillion. The latest roster of the top ten heavyweight stocks features names like Zhongji Innolight, Ystech, and CATL. In comparison to the end of the third quarter, Cambricon and Dongshan Precision made their first appearance on this list, while Foxconn Industrial Internet and SMIC dropped off. Zhongji Innolight emerged as the stock with the most significant market value increase during the fourth quarter, with a gain of RMB 22.602 billion, a trend that has persisted for three straight quarters. Beyond tech stocks, fund managers also increased their stakes in individual stocks within the non-ferrous metals, chemicals, and electrical equipment sectors.
