On September 26th, the latest data from Private Placement Network showed that as of September 19th, the stock private placement index reached 78.41%, reflecting a significant increase in stock private placement in recent times. Since August, the overall stock private placement index has shown an upward trend, from 73.93% on August 1st to 78.41% on September 19th, with a cumulative increase of 4.48 percentage points during this period. Since September, the growth of the stock private equity position index has accelerated, rising from 75.08% on September 5th to 78.04% on September 12th, a significant increase of 2.96 percentage points in a single week, and continued to rise to 78.41% in the following week. From the specific distribution of positions, as of September 19th, over 80% of private equity positions in stocks were at 50% or above. Among them, 60.01% of the stock private equity positions are above 80%, and 23.68% of the stock private equity positions are in the range of 50% (inclusive) to 80% (inclusive). Only 5.13% of private equity positions in stocks are below 20%, so they choose to hold low positions or short positions and wait and see. Li Chunyu, FOF fund manager of Shenzhen Rongzhi Private Equity Securities Investment Fund Management Co., Ltd., told reporters that the significant increase in positions by private equity institutions is mainly due to the sustained improvement of the A-share market. At present, the market sentiment is relatively optimistic, and investor confidence is steadily increasing. On the one hand, the policy level continues to exert efforts, providing strong support for the market; On the other hand, from an industry perspective, emerging industries such as AI (artificial intelligence), semiconductors, and new energy have broad development prospects, and market structural opportunities are highlighted. It is worth noting that the position allocation of different sizes of stock private equity shows a characteristic of "high at both ends" and low in the middle, that is, the position index of small-scale (management scale below 500 million yuan) and large-scale (management scale above 5 billion yuan) stock private equity is higher and more aggressive, while the position index of medium-sized (management scale between 500 million yuan and 5 billion yuan) stock private equity is relatively lower. Specifically, the stock private placement index for management scales above 10 billion yuan and between 5 billion yuan and 10 billion yuan is 79.95% and 85.56%, respectively. The stock private placement index for management scales between 2 billion yuan and 5 billion yuan, 1 billion yuan and 2 billion yuan, and 500 million yuan and 1 billion yuan is 75.19%, 76.28%, and 76.74%, respectively. The stock private placement index for management scales below 500 million yuan is 79.02%. Compared to last week, except for a slight decline in the position index of stock private equity with a management scale between 5 billion yuan and 10 billion yuan, the position index of other scale stock private equity has increased to varying degrees. The multi billion yuan private placement of stocks has attracted attention. The billion yuan level private equity has been increasing its holdings for two consecutive weeks, with the position index growing by 12.84 percentage points. From the perspective of position structure, over 90% of the billion yuan level stocks have private equity positions of 50% or more, achieving a month on month growth in this proportion. Among them, 54.33% of the billion yuan level private equity positions are above 80%, and 39.40% of the billion yuan level private equity positions are in the range of 50% (inclusive) to 80% (inclusive). This indicates an overall increase in risk appetite among top private equity firms. Qin Chen Asset Fund Manager Zhang Hang told reporters: "In the wave of global AI infrastructure, a group of Chinese computing hardware equipment companies are seizing major industrial opportunities, and multiple optical module and PCB (printed circuit board) companies are expected to achieve a leap in profits from billions of yuan to tens of billions of yuan. If we look further into the next decade, with the reshaping of the global industrial chain, a group of Chinese power equipment companies are expected to grow into Chinese brands with profits reaching billions of yuan in multiple industry segments such as ultra-high voltage main networks, low voltage distribution, and data center power liquid cooling. ”(New Society)