Core Insights - In October, 47 listed companies (including subsidiaries) on the Shanghai and Shenzhen stock exchanges invested in private equity funds, contributing to 53 funds with a total disclosed investment amount of 7.391 billion yuan, averaging 137 million yuan per investment [5][6]. Group 1: Investment Overview - The number of investments made by listed companies in October was 54, with a total disclosed investment amount of 7.391 billion yuan [5]. - The average investment size in October was 137 million yuan, which shows a decrease compared to September [6]. - The majority of investments were made by non-state-owned enterprises, which accounted for 42 investments totaling 6.302 billion yuan, while state-owned enterprises made 12 investments totaling 1.089 billion yuan [9]. Group 2: Industry Distribution - The technology sector had the highest investment amount from listed companies in October, followed by consumer discretionary companies. Both technology and industrial companies ranked first in terms of the number of investments made [13]. Group 3: Regional Distribution - The regions with the most active listed companies in terms of investment were Zhejiang and Jiangsu, followed by Hunan and Tianjin. Notably, listed companies in Zhejiang had the largest investment scale, exceeding 1 billion yuan [16]. Group 4: Investment Size Distribution - The majority of investments were in the range of 1 to 5 million yuan, accounting for 33% of the total investments. Investments exceeding 1 billion yuan accounted for 27% of the total [21]. - In terms of the number of investments, 69% were below 1 million yuan, while 24% were between 1 and 5 million yuan [21].

Core Insights - In April, the total scale of investments by listed companies in private equity funds significantly increased compared to March, reaching the highest level for 2025, with an average investment size and frequency also on the rise, primarily concentrated in the range of 100-500 million [2][5]. Investment Details - A total of 44 listed companies (including subsidiaries) participated in investments in private equity funds in April, directing funds to 37 different funds, with a total disclosed investment amount of 5.366 billion, averaging 120 million per investment [5]. - The average investment size in April increased compared to March, although it remains relatively low overall [7]. Distribution of Investments State-Owned vs. Non-State-Owned - In April, state-owned enterprises made 6 investments totaling 1.093 billion, while non-state-owned enterprises executed 38 investments with a total scale of 4.273 billion [8]. Industry Distribution - The most active sectors for investments in April were Information Technology and Consumer Discretionary, each with 13 investments, indicating a continued focus in these areas. The Healthcare sector's investments were primarily in biomedicine and health technology, showing continuity from March [11]. Regional Distribution - The highest number of investments came from Guangdong, followed by Zhejiang. In terms of investment scale, companies in Beijing led with investments exceeding 1 billion [13]. Partner Nature Distribution - All participating listed companies in April acted as Limited Partners (LPs) in their investments [15].