Group 1 - The A-share market has seen a significant rebound in July, leading to increased investor confidence and a peak in private equity securities product registrations [1][2] - A total of 1,298 private equity securities products were registered in July, marking an 18.00% month-on-month increase and the highest level in 27 months [1] - Year-to-date, 6,759 private equity securities products have been registered, reflecting a year-on-year increase of 61.39% [1] Group 2 - The majority of the registered products in July were stock strategy products, with 887 products accounting for nearly 70% of the total registrations, and a month-on-month growth of 24.58% [1] - In contrast, bond strategy and combination fund products saw lower interest, with only 48 and 46 products registered, representing 3.70% and 3.54% of the total, respectively [1] - The surge in private equity securities product registrations is driven by two main factors: the positive performance of the A-share market and the strong performance of quantitative strategy products, which have attracted significant capital inflow [2]

Group 1 - The A-share market has shown strong fluctuations and rebounds this year, leading to increased confidence among private equity institutions [1] - In the first half of the year, the number of registered private equity securities products reached 5,461, a 53.61% increase compared to the same period last year [1] - Stock strategies remain the dominant strategy for registered products, accounting for 63.32% with 3,458 products [1] Group 2 - Multi-asset strategies and futures and derivatives strategies are the second and third most favored strategies, with 802 and 633 registered products, representing 14.69% and 11.59% respectively [1] - Quantitative private equity products have seen significant growth, with 2,448 products registered, making up 44.83% of the total, a 67.10% increase year-on-year [2] - Among quantitative products, stock strategies dominate with 1,715 products, accounting for 70.06% of the total quantitative products [2] Group 3 - The performance of private equity securities products, especially quantitative strategies, has attracted significant capital allocation due to their outstanding excess return capabilities [3] - The demand for diversified asset allocation has increased significantly in a low-interest-rate environment, reflected in the growing number of multi-asset and futures strategies [3] - The current market conditions suggest that the opportunity cost of equity investment is very low, making the Hong Kong and A-share markets attractive after sufficient adjustments [3]