---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39557711.md"
description: "In the A-share market, the strategic focus of leading quantitative private equity firms (such as Huanfang, Jiukun, Minghong, Lingjun, etc.) shows a clear feature of "emphasizing technical aspects (price and volume) over fundamental factors". In the actual contribution of excess returns (Alpha), technical factors still dominate.To put it bluntly, quantitative trading in US and A-shares is all about profiting from retail investors."
datetime: "2026-03-26T17:08:22.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39557711.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39557711.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39557711.md)
author: "[浩浩荡荡地](https://longbridge.com/en/profiles/19784218.md)"
---

# In the A-share market, the strategic focus of lead…