According to the latest figures released by the Asset Management Association of China, as of July 30, the number of privately offered securities investment funds filed during the month has reached 1,203, marking a new monthly high for 2023. Amidst the ongoing market recovery, investors' enthusiasm has significantly rebounded, with quantitative products emerging as the primary driver of filings. This heightened enthusiasm has prompted several quantitative private equity firms to announce the closure of certain products due to overwhelming demand.