Good news attack! Foreign institutions upgrade Chinese stock ratings.

Due to the easing of trade tensions, foreign institutions have made a major reversal in their outlook on Chinese stocks, expressing optimism about China's growth prospects. Nomura Securities released a report stating that they have upgraded their rating on Chinese stocks to "overweight" and will be moving some funds from India to China; Citigroup has also raised its year-end target for the Hang Seng Index by 2% to 25,000 points. In addition, BlackRock, Allianz, and Robeco among other asset management giants have stated that multiple positive factors will increase the attractiveness of Chinese assets. On May 14th, the Chief Investment Officer of UBS Global Wealth Management, Hu Yifan, stated in an interview with the media that the bank recently upgraded its rating on Chinese technology to "attractive," and expects the AI ecosystem and related industries to be the future direction of China. At the same time, foreign investors are starting to make substantial investments in Chinese assets. Morgan Stanley pointed out in their latest report that American hedge funds increased their bullish bets on Chinese stocks last week. Michael Dyer, the Investment Director of M&G Investments' long-short multi-asset strategy, stated that his company recently increased their exposure to China. Some analysts believe that the attractiveness of Renminbi assets will lead to increased international capital allocation to the Chinese capital market, particularly to high-quality blue-chip stocks with long-term growth potential and high credit-rated bonds.