Famous private equity funds take stock of their operations in the first half of the year, and may continue to hold heavy positions to avoid losses at low levels.

According to private placements, the excess returns in the first half of the year are consistent with the "excess losses" of the previous two years. The company did not directly benefit from the first round of "valuation pulling" process, due to a lack of vision and imagination, and inadequate preparation for many dazzling disruptive innovations. In the view of the company, continuing to wait in a heavy position in the second half of the year is a rational approach, "otherwise it would be making the same mistake as during the US-China tariff war in April - losing your position at the lowest point."