"Look more, do more, private fund confidence and position rise together."

The latest data from Private Equity Fund Network shows that in September, the Private Equity Fund Network China hedge fund manager A-share confidence index was 125.74, rising for two consecutive months. At the same time, as of the end of August, the average position of subjective long equity strategy private equity funds increased by 1 percentage point month-on-month, and the proportion of private equity funds with positions exceeding 50% further increased. According to interviews with reporters, top private equity funds are currently hopeful about the sustainability of A-share and Hong Kong stock structural trends, but there have been some changes in their offensive direction. In their view, the technology sector, especially the AI sector, has short-term valuation pressure after the previous rise, and with the expectation of economic recovery and the manifestation of policy effects in the future, market opportunities are expected to spread to other directions such as traditional consumption and real estate industry chains.