According to ZERONE data, China's primary market saw a recovery across several key metrics in the first three quarters of 2026. Institutional LPs' committed capital reached RMB 1.02 trillion across 10,327 commitments, surpassing the full-year 2025 level and marking a 43% year-on-year increase. On the investment side, 10,810 projects received funding, exceeding the full-year 2025 level by 1.6%. Financing events totaled 11,197, representing 95.1% of the full-year 2025 figure.