Private equity registration is differentiating at a high level, with considerable potential for two types of equity strategies.

Since the beginning of this year, the A-share market has been volatile and strong, with the technology sector represented by AI showing a strong profit effect. This warm current has directly spread to the product issuance end, with the new products filed by the securities private equity industry showing a significantly high level of enthusiasm. However, underneath the overall prosperity, the industry's competitive landscape is being reshaped. When the dominant institutions expand aggressively based on stable returns, many small and medium-sized institutions are struggling to raise funds for their products. Stock strategies and multi-asset strategies have become the two main forces driving new product issuance this year, and many industry insiders believe that the growth potential of these two types of strategies in the second half of the year is expected to be considerable.