According to the latest data from Morningstar, China A-share opportunity A, the second largest overseas Chinese equity fund, significantly increased its positions in A shares in July, increasing its holdings in seven of the top 10 heavy stocks, with emphasis on the new energy sector. Among them, the fund increased its holdings in the Ningde era by 6.30%, and increased its holdings by 1.76%, 4.17% and 14.37% respectively by Cang Longji Green Energy, Guodian Nanrui and Changjiang Power. However, the fund reduced its stake in photovoltaic leader Tongwei by 8.88 per cent in July. In addition to new energy stocks, JPMorgan Fund-China A-share opportunity An increased its holdings in China Merchants Bank, Baoxin Software and Huichuan Technology by 3.88%, 4.49% and 8.57%, respectively.