A Sept. 28 survey of private fund managers showed average equity allocation at 74.62% ahead of the National Day holiday. 57.7% said they would be heavily or fully invested (>80%), citing that pre-holiday market adjustment has released risk and supports post-holiday A-share structural opportunities. 19.23% plan medium-heavy positions (60–80%), keeping a high base while reserving cash for potential holiday shocks. On the post-holiday outlook, 51.86% expect the market to stabilise and rise, 33.33%

A Sept. 28 survey of private fund managers showed average equity allocation at 74.62% ahead of the National Day holiday. 57.7% said they would be heavily or fully invested (>80%), citing that pre-holiday market adjustment has released risk and supports post-holiday A-share structural opportunities. 19.23% plan medium-heavy positions (60–80%), keeping a high base while reserving cash for potential holiday shocks. On the post-holiday outlook, 51.86% expect the market to stabilise and rise, 33.33% expect choppy/divergent trade with limited index upside but continued structural opportunities, and 14.81% see significant residual uncertainty that could weaken the market.