又有私募自购！

Core Viewpoint - Multiple private equity firms in China have initiated self-purchase actions, indicating confidence in the market and their own products [2][4][6]. 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 [2][5]. - Yuan Fang Fund declared a self-purchase of no less than RMB 4 million for its Yuan Fang Han Ze Growth No. 1 private equity fund [2][5]. - Self-purchase actions by private equity firms are seen as a way to align the interests of managers and investors, alleviating investor concerns and enhancing product competitiveness [6]. Group 2: Market Confidence - The A-share confidence index for hedge fund managers recorded 124.94 in January 2026, a slight increase of 0.48% from December 2025, indicating improved confidence in the market [8]. - The average position of subjective long-bull strategy private equity funds was 78% as of December 2025, with 93.8% of funds maintaining positions above 50%, reflecting stable market engagement [8]. - Analysts expect a continuation of the spring market rally due to increased market activity and improved liquidity [8]. Group 3: Investment Focus - 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 expanding globally [10]. - Investment strategies include maintaining high positions in cyclical industries, benefiting from AI advancements, and focusing on monopolistic industries with high dividend rates [10].