Hywin's strategic shift towards more diversified and potentially more resilient sectors such as public market funds, insurance brokerage, and health services could be seen positively by investors, signaling adaptability and a proactive approach to market challenges. The exit from asset-backed products, particularly those tied to the volatile real estate sector, could reduce risk exposure. However, the structural reorganization and senior executive resignations introduce uncertainty. The overall impact is likely positive in the short term, assuming the company successfully navigates the transition and leverages its existing clientele.