Group 1 - In September, over 2000 private equity securities funds completed registration, indicating a high level of activity despite a slight month-over-month decline [1][2] - The stock strategy remains the dominant approach, with 668 new stock strategy private equity funds registered in September, accounting for 64.98% of total new registrations [1] - The average position of subjective long-only private equity funds was 78% at the end of September, indicating a high level of investment activity [3] Group 2 - Investors' willingness to allocate to equity assets has increased, driven by structural market trends and government support for technology and high-end manufacturing [2][3] - A balanced allocation strategy is becoming a consensus among private equity firms for the fourth quarter [4] - Companies are optimistic about various investment opportunities, including rare resources, coal industry prospects under the "anti-involution" policy, and traditional consumer stocks benefiting from policy signals [5]