Two private equity firms made same-day purchases, conveying long-term confidence.

Based on firm confidence in the long-term development of the capital market, on October 27, Shanghai Chengqi Private Fund Management Co., Ltd. and Shenzhen Hanrong Private Securities Fund Management Co., Ltd. both released announcements of self-purchases on the same day. Among them, Chengqi Fund plans to use RMB 100 million of its own funds in the near term to co-invest in various private securities fund products under its management. According to data statistics from Simuwang, as of October 27, at least 8 private fund institutions have announced self-purchases of their own products since October, with total announced self-purchase amounts of RMB 220 million. Overall, as of October 27, at least 35 private fund institutions have announced self-purchases of their own products during the year, with total announced self-purchase amounts exceeding RMB 1.8 billion.