A research report released by the China International Capital Corporation (CICC) reveals that during the first quarter of 2026, public funds significantly increased their investment positions in the communications, chemicals, power equipment, petroleum and petrochemicals, coal, and biomedical sectors. Conversely, they reduced their exposure to non-ferrous metals and electronics. Notably, the communications industry witnessed the most substantial increase in positions, surging by 2.1 percentage points, with a particularly notable rise in the communications equipment sub-sector. In the chemicals sector, basic chemicals saw a 1.1 percentage point increase, while power equipment positions rose by 1 percentage point. The petroleum and petrochemicals, as well as coal industries, experienced increases of 0.6 and 0.3 percentage points, respectively. Meanwhile, the biomedical industry saw a more modest uptick of 0.5 percentage points in positions.