Shanghai Everled Capital has informed investors that it has reduced its holdings in optical communications companies and advanced chip packaging technologies, according to Bloomberg. This came after its Growth Strategy Number 3 fund achieved a return of 164% from the start of the year through 31 May.
Hengjin Capital also sold part of its investments in AI stocks, after its Yuyang Ji 1 fund recorded gains of more than 33% during the first five months of the year.
Dan Bin, fund manager at Shenzhen Oriental Harbor Investment Management, told the agency that investors can benefit from the current wave of enthusiasm, but should not become part of it.