Shanghai Securities Releases Semi-Annual Report on the Fund Market in 2024. In the first half of 2024, major overseas stock market indices performed well overall, with only the French CAC40 index recording negative returns. The Nikkei 225 and Nasdaq indices led with gains of 18.28% and 18.13% respectively. Changes in QDII fund shares and scale in the first half of 2024: As of June 30, 2024, the total investment quota for QDII amounted to $167.789 billion, an increase of $2.27 billion compared to the end of 2023. As of June 30, 2024, there were 250 QDII funds in the market with a total scale of 430.889 billion yuan, representing a 4.6% increase in number and an 18.0% increase in scale from the end of the previous year. Performance Analysis of QDII Funds in the First Half of 2024: Overall, QDII funds performed well in the first half of 2024, with an arithmetic average return of 5.72% for the 239 funds included in the statistics, with only REITs QDII showing negative returns. Among them, alternative assets - energy commodities QDII performed well, with a high increase of 15.29% in the first half of the year, while alternative assets - REITs QDII had the highest decline with a return of -1.57% in the first half of the year. Regional Allocation Analysis of QDII Funds in the First Half of 2024: Looking at the overall regional allocation of QDII funds, investments were mainly concentrated in Hong Kong and the United States in the first half of 2024, accounting for over 90%, a slight decrease from the end of 2023. The US market was favored by the market, with a market share of 40.52% in the first half of 2024, an increase of 9.99% from the end of 2023. The main reason is that the continuously rising US stock indices continue to attract investors' attention, leading to a significant increase in overall QDII fund holdings in US stocks. In comparison, investments in the Chinese Hong Kong region accounted for 50.44% of total QDII assets, a decrease of -10.40% from the end of 2023. This is mainly due to the slower economic recovery domestically and weaker policy stimulus, leading to a decreased attractiveness of the Hong Kong stock market closely linked to the domestic market, prompting a reduction in overall QDII fund holdings in Hong Kong stocks. Industry Allocation Analysis for QDII Funds in the First Half of 2024: Looking at the industry allocation of QDII funds, there was not much change overall, with the top three industries in terms of allocation still being non-durable consumer goods (24.29%), information technology (23.71%), and telecommunications services (22.48%) as of the end of June 2024. The industries of raw materials (1.22%), real estate (1.22%), and utilities (0.68%) ranked at the bottom in terms of allocation in QDII funds. In terms of investment market value, there was a 12.79% increase in the first half of 2024 compared to the end of 2023. In terms of portfolio changes, there was not much change from the end of 2023, with only the information technology, energy, industrial, raw materials, and utilities industries seeing increased holdings, while non-durable consumer goods led in terms of reduced holdings.