Recently, a group of foreign asset management giants disclosed their positions in China's equity funds. The data shows that the attitude of foreign institutions towards Chinese assets is generally optimistic. At the same time, although the A-share market has faced shocks since March this year, Northbound funds have remained net buying throughout the year. This shows that global asset management institutions are accelerating the allocation of Chinese assets due to the positive prospects of China's economy. Looking ahead, many foreign institutions believe that the economic recovery and the improvement of corporate profits will promote the A-share market to continue to rise. According to the data released recently by European asset management giant Aben, a number of foreign institutions have increased their positions in Chinese stocks, their fund products are still increasing their positions in China's core assets in February this year. As of the end of February this year, the top ten stocks held by Aberdeen Standard's China A-share stock fund were Kweichow Moutai, Ningde Times, China Central Exemption, Huace Testing, Mindray Medical, China Merchants Bank, Guanglianda, Taige Pharmaceutical, Midea Group and Aier Ophthalmology, accounting for 39% in total. In February of this year, the fund significantly increased its holdings in Ningde Times and China Exempt, while China Test, Mindray Medical and China Merchants Bank also increased their holdings to varying degrees. The largest Chinese equity fund under Allianz Investment, a European asset management giant, also significantly increased its holdings in China Exemption Fund. According to the data, Allianz China A-share Fund increased the number of China's exemption positions by 10.21% in January this year, with a market value of 137 million dollars. Fidelity China New Power Fund, the flagship China fund of Fidelity International, adjusted its top ten positions. According to the data, in January this year, the fund increased its holdings in JD by 13.97%, but at the same time reduced its holdings in Alibaba, Galaxy Entertainment, Shenzhou International and other stocks. The position at the end of 2022 recently released by the Norwegian Government Global Pension Fund shows that it holds 694 Chinese stocks and 2 Chinese bonds, with a total market value of more than 200 billion yuan. Although the overall trend of China's Internet sector was sluggish in 2022, the fund still held a heavy position in this area. By the end of last year, Tencent Holdings, Alibaba, Meituan, JD.com and Pinduoduo, the five leading Internet companies, were among the top five heavy stocks in their China holdings portfolio. QFII increased its holdings in many A-share listed companies. From the perspective of the investment trend of overseas "smart money" QFII institutions, the 2022 annual reports of listed companies disclosed in succession recently showed that QFII institutions were in an overall increase. According to Wind data, as of the press release on March 13, QFII institutions have emerged as the top ten circulating shareholders of 12 A-share listed companies, of which 8 are new entrants to QFII institutions, and 2 have been increased. Specifically, in the fourth quarter of last year, Ping An Bank obtained an increase of 1.2406 million shares held by UBS Global Asset Management (Singapore) Co., Ltd., with the current shareholding of 48.5943 million shares; Yongxin shares were increased by 1.4425 million shares held by the Hong Kong Monetary Authority in the fourth quarter of last year, and the current number of shares held is 6.3818 million shares. In addition, UBS Group acquired five new shares in the fourth quarter of last year, including Hengshun Vinegar, Huitong Energy and Tiantianyuan, with a total shareholding of more than 20 million shares; Merrill Lynch International Co., Ltd. has recently entered Lianhuan Pharmaceutical