With the strong performance of A- shares in recent times, most private equity institutions are optimistic about the trend of A-share market after the holiday , conveying positive expectations for the market after the holiday .

The latest survey data shows that 65.38% of the private equity institutions surveyed said they will maintain more than 70% of their positions; the direction of technological growth is still the mainstream choice for private equity institutions, and nearly 60% of private equity institutions are optimistic about technology sectors such as AI, semiconductors, humanoid robots, intelligent driving, and innovative drugs.

Shen Meng, executive director of Xiangsong Capital, analyzed in an interview with Lianhe Zaobao that the improvement in sentiment brought about by diversified funds has driven A-shares to rise rapidly and further attracted more investors to enter the market.

According to a report by Goldman Sachs , China was the market with the largest net purchases of hedge funds in August, and hedge funds are buying A-shares at the fastest net purchases in the past two months. Liu Jinjin, chief Chinese stock strategist at Goldman Sachs, also raised the target price of the Shanghai and Shenzhen 300 index, suggesting that there may be 10% upside potential in the next year .

Goldman Sachs team also analyzed that the valuation of China’s stock market is still attractive, and the profits of major indexes will continue to maintain a high single-digit growth trend this year and next two years, and various investor positions have not reached a crowded state, and there is still room for improvement in the future.

But on the other hand, Morgan Stanley warned that A-shares have shown signs of sporadic overheating. Although it is not common at present, we must see improvements in corporate fundamentals and stronger policy support as soon as possible to maintain the rise.