Fund managers Jiao Wei and Xiao Nan are still waiting for the liquor market to rebound.

According to reporters, there are still differences in investment in the liquor industry. Some funds have increased their holdings in the liquor sector, while others have reduced their holdings. Some institutional investors who were interviewed stated that the valuation of liquor stocks has dropped to historical lows, and the liquor sector may see a turning point in the next six months to a year, with both performance and valuation expected to rise. This cycle is expected to last three to five years, and now is a good time to increase holdings. In fact, since the first quarter, a group of star fund managers have turned to increasing their holdings in liquor stocks, including Zhao Feng, Xiao Nan, Lao Jienan, Qu Yang, Li Xiaoxing, He Shuai, Zhou Wenbo, and others.