Global Asset Management Giants "Moment of Shift"

As the global trade situation welcomes positive changes, as China's emerging industries gradually demonstrate international competitiveness, and as the trend of a weakening US dollar continues, global asset management giants have successively carried out a "big repositioning" of their holdings. Information disclosed by the US Securities and Exchange Commission shows that Michael Burry, the prototype of the movie "The Big Short," and his Scion Asset Management switched from short to long on Chinese concept stocks in the second quarter, buying call options for Alibaba and JD.com. Hillhouse Capital's fund management platform, which focuses on secondary market investments, also increased its positions in several Chinese concept stocks in the second quarter. Meanwhile, many foreign institutions have shown an increased willingness to allocate assets in China, and the scale of overseas China-related ETFs has significantly grown. It is evident that global asset management giants seem to have formed a "consensus" regarding Chinese assets. Specifically, in terms of allocation direction, global asset management giants continue to focus on technology