By examining the "fund holdings" scenario of institutional investors, we can discern the current favored investment avenues for funds. Drawing on the mid-year reports of numerous funds for 2025, it becomes evident that Hong Kong stock ETFs, broad-based A-share ETFs, and technology-centric ETFs have emerged as pivotal allocation choices for institutional funds. This trend underscores that, amidst a perpetually evolving market landscape, institutions are strategically positioning themselves in advantageous sectors via these products. According to data from TX Investment Consulting, as of the close of the first half of the year, the Huatai-PineBridge CSI 300 ETF stood out as the equity fund with the highest quantity of shares held by institutional investors, amassing a staggering 81.914 billion shares. Among its top ten holders are prominent entities such as Central Huijin Asset Management Co., Ltd., Central Huijin Investment Ltd., AIA Insurance, China Life Insurance, and Guotai Haitong Securities, to name a few.