A letter of apology from a private equity fund manager became another market negotiation. Quan Long, fund manager of Shanghai Saruzi Private Equity Fund Management Co., Ltd., said in the letter: “In any case, this loss is really too big.” Regarding this loss, Quanlong attributed the reason to the failure to determine the current liquidity crisis and technology stock trends, and bluntly stated that “it is all my responsibility”, “I am sorry for everyone” and “this is difficult to be forgiven.” However, Quanlong did not turn bearish on technology stocks as a result. He firmly believes that the current boom in the entire industry is still very good, and the performance expectations for next year's current holdings are still good. Currently, there is no need to leave the market at a low level; we should wait for liquidity and market confidence to recover.

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