Private placement confidence index and position rise together.

The latest statistics from Privately Offered Fund Network show that in February 2026, the Confidence Index of A-share Hedge Fund Managers of Privately Offered Fund Network in China was 125.5, a slight increase from January 2026. As of the end of January 2026, the average position of subjective long strategy equity private funds had risen to 79%. Private funds are bullish and taking long positions. As of the end of January 2026, the average position of subjective long strategy equity private funds was 79%, up 1 percentage point compared to the end of December 2026. From the position distribution perspective, as of the end of January 2026, 94% of private funds with positions of fifty percent or more increased by 0.2 percentage points compared to the end of 2025. Many private fund professionals believe that with continuous inflow of incremental funds and China's advantageous industries demonstrating global competitiveness, the structural market rally in 2026 is expected to continue.