Private equity institutions' risk appetite not only did not decline but instead increased. In April, nearly a thousand products reached a new net asset value high.

"The bigger the waves, the more expensive the fish." In April, despite the volatile fluctuations in A-shares, the risk appetite of private equity institutions increased with the expectation of intensified domestic policies. In that month, the net asset value of 974 private equity products reached a historic high; a total of 1,170 securities private equity products were registered, an increase for three consecutive months.