Chinese Hundred-Billion Private Funds Raise Positions to 83.10% Despite AI Stock Selloff

Cointime reports: Chinese private funds with over 10 billion yuan in assets raised their position index to 83.10% by the end of October, marking a second consecutive weekly increase, even as overseas AI stocks sold off. Several of these funds said AI’s long-term growth trend remains intact and that near-term market opportunities will stay structural, despite rising concerns over tech giants’ capital spending, compute demand and future profitability.