Private equity's July survey shows a preference for technology: Domestic computing power chains have become a new consensus.

The phased adjustment of the technology sector has not diminished institutions' enthusiasm for research. Electronics, telecommunications, and computer sectors remain key focus areas for private equity institutions. Interviews reveal that private equity firms are still enthusiastic about the adjusted technology sector layout and are currently "exploring" new investment opportunities within the industry chain. Among these, domestic computing power chains are expected to become a key focus for private equity in the next phase, thanks to industry trends, controllability, and long-term growth potential. Data from Private Equity Research Network shows that in July, 690 private equity institutions participated in A-share research, covering 294 individual stocks, with a total of 1,578 research instances. From an industry distribution perspective, technology manufacturing remains a major focus for institutional research. In July, private equity research in the electronics industry reached 610 instances, accounting for 38.66% of all research activities; the telecommunications and computer industries received 137 and 136 research instances, respectively.