Billion-dollar private equity firms have been making frequent moves recently. Evolutionary Asset Management recently announced that it has opened up subscription quotas for its index enhancement strategy products. At the same time, a Beijing-based billion-dollar quantitative private equity firm stated that several of its products will soon lift subscription restrictions. Many quantitative private equity insiders revealed that there has been a noticeable increase in the frequency and number of investor inquiries about index enhancement strategy products, indicating a more optimistic outlook on the beta elasticity of the A-share market.

Evolutionary Asset Management, a billion-dollar private equity firm, announced that, in response to the recent growth in client asset allocation needs and the company's confidence in the current economic and stock market prospects in China, it has opened up subscription quotas for its CSI 300 Index Enhancement, CSI 500 Index Enhancement, and CSI 1000 Index Enhancement products to meet investor demands. October 15th is the open day for the CSI 500 Index Enhancement strategy, and October 18th is the open day for the CSI 300 Index Enhancement strategy and the CSI 1000 Index Enhancement strategy products.

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A person related to Evolutionary Asset Management disclosed: "Recently, there has been a noticeable increase in the number of clients inquiring about index enhancement strategy products, and in the medium to long term, against the backdrop of continuous release of positive policy signals and warming expectations for economic recovery, the cost-effectiveness of index enhancement strategy allocation has become increasingly significant. Therefore, the company has announced the opening of subscriptions."

Similarly, a Beijing-based billion-dollar quantitative private equity firm also stated that some products that had previously closed subscriptions through certain channels will open up subscription restrictions this week, involving strategies such as quantitative stock selection and CSI 500 Index Enhancement. "In the past, funds were more interested in funds with hedging functions like market neutrality and long/short, but recently, index enhancement strategies have become more popular."

A third-party platform person in Shanghai said that since the last week of September, many investors have redeemed other strategy products and switched to subscribing to long-only stock products, and the previous sales slump of "equity-containing" products is being reversed.

As capital sentiment recovers, institutional operations have become more active. Zhongou Ruibo stated that the company has increased its position to a higher range.

Interviews with journalists revealed that many billion-dollar private equity firms have maintained high positions (over 70%) in their products for a long time, and some products have increased their positions during the recent fluctuations of the A-share rebound, with positions now almost "fully loaded."

A person from a billion-dollar private equity firm said: "Although the rebound of A-shares will not be smooth sailing, it is essential to maintain positions during this process. The company has recently added positions when the market is low, and the average position of current products is around 80%."

Many private equity firms have also increased their equity asset layout through ETFs. On October 15th, the first batch of 10 CSI A500 ETFs officially went public. According to the listing transaction announcement, 18 private equity firms including Shanghai HeXi, Shandong Tianbao, and YingShui Investment appeared in the top ten fund share holders of 8 CSI A500 ETFs, holding a total of 364 million shares.

In the view of industry insiders, although the A-share market has recently seen increased volatility, with the gradual recovery of market sentiment and the continuous addition of policy benefits, the cost-effectiveness of A-shares and Hong Kong stocks is still improving.Hua'an Hexin's Chairman Yuan Wei stated that, whether it's the price-to-earnings ratio or the price-to-book ratio, both A-shares and Hong Kong stocks are at the historically cheapest quartile level, and there is still some room for growth towards the reasonable range.