又有私募自购！

Core Viewpoint - Multiple private equity firms in China have actively engaged in self-purchase actions, indicating confidence in the market and their own products [1][3]. Group 1: Self-Purchase Actions - Jiu Yang Run Quan Capital announced that its chairman and fund manager, Hu Jun Cheng, personally subscribed to new fund shares worth RMB 10 million [1]. - Yuan Fang Fund announced a self-purchase of no less than RMB 4 million for its Yuan Fang Han Ze Growth No. 1 private equity securities investment fund [1][3]. - Hu Jun Cheng expressed that personal investment in the fund demonstrates confidence in the market, despite concerns about potential market corrections [3]. Group 2: Market Confidence and Trends - The private equity confidence index for A-shares recorded 124.94 in January 2026, a slight increase of 0.48% from December 2025, indicating improved confidence among private equity managers [5]. - The average position of subjective long-biased private equity funds remained at 78% as of December 2025, with 93.8% of funds maintaining positions above 50%, reflecting stable market sentiment [5]. - Analysts suggest that the current market liquidity is relatively abundant, and the combination of policy support and improved fundamentals presents numerous investment opportunities [6]. Group 3: Investment Focus Areas - Resource and technology sectors are highlighted as key investment areas for many private equity firms, with a focus on scarce resources and high-quality companies in technology and brand expansion [7]. - Investment strategies include maintaining high positions in cyclical industries, benefiting from rapid AI development, and focusing on monopolistic industries with high dividend rates [7].