Private placement focuses on two main lines, "control the center of gravity well in bends."

After the rest during the long Spring Festival holiday, on February 24th, the A-share market saw both volume and price rise, with a strong willingness for funds to enter. At the same time, there is also a hidden undercurrent of structural differentiation. The oil, gas, non-ferrous metals, chemical and other resource sectors have all strengthened, while sectors such as film and television, AI applications have significantly pulled back. This "two worlds" pattern of ice and fire has led to hidden differences in the stable start of the A-share market in the Year of the Horse. Several top-tier private equity firms, in interviews, stated that the first day of trading in the Year of the Horse has validated the optimistic expectations before the holiday, but the market trend is gradually shifting, and investors need to recalibrate their offensive and defensive tempo in the dual logic of "technology" and "resources".