Las rutas de reequilibrio de fondos privados de miles de millones de yuanes comienzan a aparecer, con enfoque en el crecimiento de beneficios de las empresas cotizadas y una planificación activa.

People’s Finance News, April 3. According to the statistics of Private Placement PaiPaiWang, based on the disclosed 2025 annual reports of listed companies, there are 25 private funds with a “billion-yuan” scale under management, whose products appear in the top ten tradable shareholders lists of 60 companies, with a total market value held of 28.185 billion yuan. From the perspective of adding positions, several listed companies that have “new engines” for performance growth have attracted private funds—for example, by the end of 2025, the High-Yi Linshan No. 1 Overseas Vision Fund managed by fund manager Feng Liu from Gao Yi Asset increased its holdings in CNPC New Materials for two consecutive quarters; in the fourth quarter, products under Zhen Ya Investment newly entered the top ten tradable shareholders list of De Bang Lighting; and in the same period, products under Ren Qiao Asset increased their holdings of Chengtou Holdings, etc. In the view of industry insiders, as policy effects gradually become visible and incremental capital continues to flow into equity assets, the market driven by earnings is expected to be further unfolded. (Shanghai Securities News)