对冲基金，加仓中国

Core Viewpoint - The article highlights a significant rebound in Chinese assets, particularly in the stock market, driven by increased foreign investment and positive economic indicators [1][2]. Group 1: Market Performance - Since May, major indices such as the Shanghai Composite Index, Hang Seng Index, and Nasdaq Golden Dragon Index have shown notable rebounds [1]. - Chinese stock ETFs listed in the U.S. have experienced substantial net inflows, indicating growing investor interest [1][3]. Group 2: Foreign Investment Trends - Morgan Stanley reports that U.S. hedge funds have increased their holdings in Chinese stocks, suggesting a renewed interest in the Chinese market [5][6]. - In the week from May 6 to May 9, northbound capital saw a net inflow of 12.9 billion yuan, while flexible foreign capital had a net inflow of 5.9 billion yuan [5]. Group 3: Institutional Insights - Major asset management firms, including BlackRock and Allianz, have expressed optimism about Chinese assets, citing multiple favorable factors that enhance their attractiveness [7][8]. - BlackRock's chief economist for China noted that recent economic data and policy measures are likely to boost investor confidence in Chinese assets [7]. - Allianz's research head emphasized the relative attractiveness of A-shares compared to RMB bonds, advocating for a continued overweight in equities [8].