The fourth quarter of A-share trading has already begun. Recently, a number of first-tier private equity institutions said that they were not pessimistic about the fourth quarter market: systemic risks in the context of asset misallocation were limited, some high-frequency economic data improved marginally, and valuation suppression factors were not obvious, but incremental capital and market sentiment still need to be fixed. The market is likely to fluctuate and recover later, mainly due to structural market conditions. In terms of strategic response, “balanced allocation” and “light exponential individual stocks” became the private equity consensus; on the main line of the market, the AI industry still received great attention. In September, private equity institutions' research on A-share companies also focused on electronics and other directions. In terms of potential risks and positive factors, several private equity firms said they need to further track the Federal Reserve's monetary policy, oil price and geographical disturbances, the three-quarter A-share performance, and the entry of incremental capital into the market.

The fourth quarter of A-share trading has already begun. Recently, a number of first-tier private equity institutions said that they were not pessimistic about the fourth quarter market: systemic risks in the context of asset misallocation were limited, some high-frequency economic data improved marginally, and valuation suppression factors were not obvious, but incremental capital and market sentiment still need to be fixed. The market is likely to fluctuate and recover later, mainly due to structural market conditions. In terms of strategic response, “balanced allocation” and “light exponential individual stocks” became the private equity consensus; on the main line of the market, the AI industry still received great attention. In September, private equity institutions' research on A-share companies also focused on electronics and other directions. In terms of potential risks and positive factors, several private equity firms said they need to further track the Federal Reserve's monetary policy, oil price and geographical disturbances, the three-quarter A-share performance, and the entry of incremental capital into the market.