Exposure of private equity holdings worth billions, grasp certainty of the performance of listed companies, adjust positions and exchange stocks.

The semi-annual report of listed companies has exposed the rebalancing trends of private placements worth tens of billions of yuan by the end of June this year. According to data from Private Placement Ranking Network, as of August 26, a total of 27 private placements with assets of tens of billions of yuan had their products listed as top ten shareholders of 94 A-share listed companies in their semi-annual reports, with a total holding value of 34.731 billion yuan. Among them, 18 listed companies increased their holdings, 19 newly entered the top ten shareholders of A-share listed companies, 10 reduced their holdings, and 47 maintained the same number of shares in listed companies. In terms of specific sectors, top private placements in the second quarter were particularly interested in electronics and pharmaceuticals. In the eyes of industry insiders, after the market's strength driven by liquidity, fundamental driving factors are expected to take over, and targets with strong earnings certainty and representing the direction of economic transformation are worth paying attention to.