Core Insights - The A-share market has been recovering since April 2025, driven by popular sectors like technology, with major indices reaching new highs multiple times [2] - The performance of many private equity managers has significantly improved during this period, leading to increased activity on social media platforms [2] Group 1: Private Equity Managers - As of October 17, 2025, there are 81 private equity managers listed on the platform, with 44 being actual controllers of private equity firms [3] - Subjective private equity managers account for 76.54% of the total, with 62 managers, while mixed and quantitative managers are fewer in number [3] - Among the top private equity managers, only 15 manage firms with assets over 5 billion, while the majority manage firms with assets below this threshold [4] Group 2: Performance Rankings - The top five private equity managers based on performance are: Dan Bin, Lin Cun, Xu Qiongna, Wang Wen, and Liang Hong [6] - Dan Bin leads with a significant return, managing 67 products that meet ranking criteria, and his firm, Dongfang Gangwan, has over 10 billion in assets [7] - Lin Cun, managing a smaller firm, has also shown strong performance, focusing on selective investments in the biopharmaceutical sector [8][9] Group 3: Company Performance - Among the companies controlled by private equity managers, the top performers include Shengqi Asset, Dongfang Gangwan, and Senrui Investment [11] - The ranking of companies is based on the number of products that meet performance criteria, with Shengqi Asset leading the list [10] Group 4: Product Performance - A total of 203 products managed by private equity managers have shown performance over the past six months, with the top 20 requiring a minimum return to qualify [14] - The top five products based on performance are managed by firms including Jia Yue Investment, De Yuan Investment, and Dongfang Gangwan [15]

Core Viewpoint - The A-share market has shown strong performance in 2023, particularly since July, with major indices reaching new highs, making it one of the best-performing markets globally in the third quarter [2][3]. Performance of Major Indices - The ChiNext Index led global performance with a year-to-date increase of 51.20% and a quarterly increase of 50.40% - The STAR 50 Index and the Shenzhen Component Index followed with increases of 51.20% and 29.88% respectively [3][4]. Private Equity Fund Performance - Among 2072 subjective long-only private equity products, only 149 (7.19%) outperformed the ChiNext Index in the third quarter [4][5]. - The average return for private equity products with assets over 2 billion was 83.02%, with the top 10 funds having a minimum return threshold of ***% [5][6]. Top Performing Private Equity Products - The top three funds in the over 2 billion category were: 1. "Ge Ru Qidian" managed by Shi Hao from Shanghai Ge Ru Private Equity, with a return of ***% [6][7]. 2. "Yuanxin China Active Growth C Class" managed by Wang Aoye from Yuanxin Investment, with a return of ***% [7][8]. 3. "Shengqi Baojian" managed by Cai Zhijun from Shengqi Asset, with a return of ***% [8]. Mid-Sized Private Equity Fund Performance - In the 500 million to 2 billion category, 50 funds outperformed the ChiNext Index, with an average return of 112.83% [9][10]. - The top three funds were: 1. "Xinchili Dingeng Selected 28" managed by Shen Longji [10][11]. 2. "Lanshi Zhixing No. 1" managed by Liu Yan [10]. 3. "Deyuan Yangfan No. 1" managed by Wu Zhou [10]. Small-Sized Private Equity Fund Performance - In the 0 to 500 million category, 77 funds outperformed the ChiNext Index, with an average return of 110.44% [12][13]. - The top three funds were: 1. "Zijun Yunsong" managed by Zou Kai from Hunan Zijun Private Equity [13][14]. 2. "Longhui Xiang No. 1" managed by Yang Zhongguang [13]. 3. "Wanghua Zhuoyue High Dividend Value Growth" managed by Qi Kexian [13].