Private placements open up self-purchase to express firm confidence.

Less than a month into the new year of 2026, private equity institutions have already actively started their own purchase actions. On January 18th, Beijing Jiuyang Runquan Capital Management Center announced that the company's chairman and fund manager, Hu Juncheng, had personally subscribed for 10 million yuan worth of shares in the new fund raised by the company with his own funds. It is not just Jiuyang Runquan that has started self-purchasing at the beginning of this year. On January 7th, Yuanfang Private Equity Fund Management Co., Ltd. announced that it would use its own funds to invest in its Yuanfang Hanzhe Growth 1 Private Equity Securities Investment Fund product, with a minimum subscription amount of 4 million yuan.