$Futu(FUTU.US)$UP Fintech(TIGR.US) A classmate of mine works at a US dollar hedge fund managed by Chinese nationals. In their circle, many institutions hold significant positions in Chinese concept stocks, and the proportion of these holdings is even very large. You can check out First Beijing's 13f.

Sometimes I wonder, since we're already investing in US stocks, which have so many great companies, why cling to Chinese concept stocks? There might be some structural opportunities for Chinese concept stocks at certain times, but in the long run, they still can't compare to the US stock market's M7.

Later, I unfollowed all Chinese concept stocks listed in the US. Since we're trading US stocks, we should focus on targets that truly generate revenue globally and reduce the noise from these Chinese concept stocks.