1. Hedging strategy with arbitrage strategy as the core: that is, the strategy of avoiding risks and obtaining absolute returns by constructing long and short positions.

2. Hedging strategy with Alpha strategy as the core: that is, to avoid risks by looking for market mispricing opportunities, opening positions in reverse and obtaining income.

3. Hedging strategy with neutral strategy as the core: that is, the strategy of analyzing stock indexes by constructing relative value strategy, and then avoiding systemic risks through risk management tools such as index futures or options.

4. Hedging strategy with event-driven strategy as the core: that is, the strategy of avoiding risks by understanding the relevant companies that implement reorganization, acquisition, merger and bankruptcy liquidation, and by acquiring high-quality companies and selling inferior companies.