The market remained volatile in April, with significant fluctuations compare the second half with the first half month as different styles shifted back and forth. 

Alpha in GokuTech remained stable over the month, notably the Alpha of CSI 1000, which reached +1.1%. Market Neutral strategy continued to post a positive return of ++0.5%, strongly suggesting Goku Model is adept at adapting to changes in volatile markets and basis movement.

The Regulations on the Administrative Provisions on Program Trading in the Securities Market were recently released, bringing renewed optimism for the future. Both the CSRC's  “Nine-Point Guidelines”" and the Program Trading Rules suggest the stance of Chinese regulators is openness, fairness, and conjunctive collaboration in working with Qquant manager, which has paved the way for constructive development of market structure in the longer term.