[Liang Wenfeng's HFT Investment and Nine Chapters Secure Largest Private Equity Allocation in Changxin Technology, 113 Private Equity Firms Participate in IPO Allocation] BlockBeats News, July 21: The preliminary offline allocation results for Changxin Technology show that a total of 2,459 products under 113 private equity firms received offline allocations, with a total allocation of 161 million shares and an allocation amount of 1.436 billion yuan. According to the announcement, offline institutional investors are divided into Category A (public funds, social security, pensions, annuities, bank wealth management, insurance, QFII) and Category B (private equity, brokerage proprietary trading, trusts, financial companies, etc.). Category A investors, primarily public funds, were allocated 1.978 billion shares, accounting for 91% of the total offline issuance, while Category B investors, primarily private equity funds, were allocated 196 million shares, accounting for only 9% of the total offline issuance. Among the private equity firms, the top ten in terms of the number of allocated products were all leading quantitative private equity firms. Shanghai Yanfu had 282 allocated products, ranking first among private equity firms. Century Frontier, Jiukun Investment, Shanghai Chengqi, and HFT Investment had 209, 194, 167, and 153 allocated products, respectively. Lingjun Investment, Shanghai Jinde, and Minghong Investment also had over 100 allocated products, with 107, 105, and 100 products, respectively. Notably, Liang Wenfeng, founder of DeepSeek and a prominent private equity figure, secured the largest share among private equity funds. Public information shows that the actual controllers of two leading billion-dollar private equity firms, Ningbo HFT Investment and Zhejiang Nine Chapters Asset, are both Liang Wenfeng. In total, Liang Wenfeng's two private equity firms had 194 products allocated, receiving a total of 20.2497 million shares, with an allocation amount of approximately 175 million yuan.