At a time when market fluctuations are increasing and the technology sector is recovering significantly, many private equity firms have made their own purchases one after another. On July 19, the well-known 10 billion quantitative private equity square meter investment announced that it will use 100 million yuan of its own capital to purchase its private equity fund products within the next week. According to statistics not fully sorted out by First Finance Correspondent, 5 private equity firms announced their own purchases of their products in July, with a total purchase amount exceeding 200 million yuan. According to industry insiders, in addition to the confidence in the long-term healthy development of the Chinese capital market mentioned above and tied to investors' interests, private equity is also a way for private equity to convey confidence to investors and reduce large-scale redemptions from investors due to panic during times of market fluctuations.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.