Enthusiasm for private equity research has been high since the fourth quarter. According to data from the Private Equity Ranking Network, as of November 5, 2026, a total of 1106 private equity institutions have participated in A-share research activities since the fourth quarter, with a total of 6,246 surveys. The scope of research covered 558 stocks in 28 Shenwan Tier 1 industries. Among them, 61 10 billion private equity firms have been surveyed 836 times since the fourth quarter, covering 334 stocks in 26 Shenwan's tier-1 industries.

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