The A-share market has been on an upswing lately, with the Shanghai Composite Index steadfastly holding above the 3500-point mark since July. This robust performance has translated into significant profitability in the stock market. Consequently, we are observing a surge in redemptions from bond funds, evidenced by multiple bond funds issuing notices to enhance the accuracy of their net asset values. This shift underscores investors' redirection of funds from bond funds towards equity investments. Additionally, institutional investors are realigning their strategies in the second half of the year, proactively adjusting their portfolios to navigate evolving market conditions.