"Buy more, do more - private equity confidence and positions rise together."

The market is steadily rising, and private equity is optimistic and going long. The latest data from Private Equity Rankings Network shows that the A-share confidence index of Chinese hedge fund managers in September was 125.74, rising for two consecutive months. At the same time, as of the end of August, the average position of subjective long strategy private equity funds in stocks increased by 1 percentage point month-on-month, with the proportion of private equity funds with positions exceeding 50% further increasing. It was learned from interviews with reporters that currently, top private equity funds are optimistic about the sustainability of A-shares and Hong Kong stocks, but there have been changes in the direction of attack. In their view, after the previous rise in the technology, especially the AI sector, there is short-term valuation pressure, but with the subsequent warming of economic recovery expectations and the manifestation of policy effects, market opportunities are expected to spread to other directions such as traditional consumption, real estate industry chains, etc.