On February 19th, DeepSeek’s breakthrough in the field of artificial intelligence (AI) is driving a continuous influx of foreign capital into Chinese assets. At noon on February 18th Beijing time, Musk’s xAI company launched the Grok-3 intelligent search engine called DeepSearch, reigniting the global AI competition. Institutional data shows that in the past month, global hedge funds have flooded into Chinese assets at the fastest pace in months. According to a research report by China International Capital Corporation, in the current upward trend of the Chinese market after the Spring Festival holiday, trading funds such as overseas hedge funds have flowed in and may have become the main force in some markets. At the same time, the speed of overseas passive investment funds flowing into the A-share and Hong Kong stock markets has also significantly accelerated. On February 18th, Song Yu, Chief China Economist of BlackRock, told reporters that there has been a change in foreign investment’s attitude towards the Chinese market recently, and some foreign institutions have begun to be optimistic about the Chinese market, one of the reasons being the government’s support policies for private enterprises. The positive attitude of foreign investment helps to boost the confidence of domestic enterprises, and a positive cycle effect has initially formed. (China Securities Journal)
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