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hong kong's wind news agency reported that judging from the latest signs, the global market's enthusiasm for chinese assets continues unabated.

according to a report from goldman sachs, global hedge funds have flocked to the chinese stock market, driven by the chinese government's stimulus measures that far exceeded expectations. not just hedge funds and speculators, but many foreign long-term investors are now worried about missing out. foreign stock exchange-traded funds focused on chinese stocks saw $2.4 billion in inflows in the last three trading days of september, according to lseg lipper data.

in terms of market, chinese concept stocks rose sharply on wednesday night, with the nasdaq china golden dragon index rising 4.94%. in terms of individual stocks, shengwang rose by about 80%, youdao rose by 37%, tiger brokers rose by more than 29%, kingsoft cloud rose by more than 22%, lufax holdings rose by about 13%, and bilibili rose by about 11%. netease, daqo new energy, yum china, tencent music and ctrip group all rose more than 7%, huazhu and zto express rose more than 6%, iqiyi, jikrypton and shell rose more than 5%, futu holdings, pinduoduo , li auto, baidu, jd.com and vipshop all rose more than 4%.

data source: wind

at the same time, ftse china a50 futures it rose nearly 2% again.

on october 2, hong kong stocks rose sharply at the start of october, with the three major indexes rising unilaterally and hitting highs before noon. the hang seng index once rose by more than 7%, and the hang seng technology index once rose by more than 10%. they continued to consolidate strongly in the afternoon. the hang seng index closed up 6.2% at 22443.73 points, the highest since january 2023; the hang seng technology index rose 8.53% to 5157.08 points, the highest since february 2022; the hang seng state-owned enterprises index rose 7.08% to 8041.27 points, the highest since february 2022 a new high since the beginning of the month. on october 3, another v-shaped reversal was achieved, and on the surface, market investment confidence remains unabated.

hong kong stocks are a leading indicator of global liquidity, is another very good window to reflect the sentiment of a-shares. the author also promptly reminded, "deep v!" this may be the bottom area of ​​the a-share index.

everything is cyclical, and the wheel of wind and water keeps turning! the scramble for hong kong stocks also proves once again that there is nothing new on "wall street"!

when people's sentiments rise, counter-cyclical policy adjustments will help, and the central bank will use market leverage to amplify the market, igniting popularity!

in recent times, large overseas asset management institutions have gradually increased their investment in chinese assets. especially when the global macro environment is uncertain, their favor for the chinese stock market has become particularly prominent.recently, billionaire hedge fund founder david tepper publicly stated that he would place his largest investment bet on chinese stocks after the federal reserve cut interest rates, showing that his confidence in china's capital market has further increased.

tepper mentioned that he is actively planning for the chinese stock market. "i think it's a general shift," tepper said in a recent public speech. "we're going to hold chinese stocks longer and hold more shares." the shift signals growing optimism among global investors about the chinese market.

in fact, tepper not only increased the scale of investment in chinese stocks, but also significantly increased the investment limit in chinese stocks. he said he may have doubled his investment in chinese stocks, especially in some major technology stocks. he emphasized that he was buying more of "all" chinese stocks, specifically mentioning some of the big tech giants. as representatives of china's technology industry, these companies have attracted great attention from international investors and occupy an important position in the global technology market.

tepper is not the only investor bullish on chinese stocks. following the recent rally in china's stock market, many overseas exchange-traded funds (etfs) that track the chinese stock market have also performed strongly. among them, several chinese etf funds that are widely popular in the u.s. market continue to rise. especially in the context of investors generally being optimistic about china's economic recovery potential, the appeal of these etfs has increased significantly.

for example, several major china etfs, including kraneshares csi china internet etf (kweb), ishares china large cap etf (fxi), ishares msci china etf (mchi), and invesco golden dragon china etf (pgj), have been trading in multiples recently. gains were recorded throughout the trading day. this shows that overseas investors' demand for chinese assets has increased significantly.

analysts pointed out that the continued rise of these etfs reflects the market’s optimistic expectations for china’s economic policies and capital market prospects. with china's flexible response to macro policies and the introduction of supportive measures, investors have stronger expectations for the future performance of the chinese market.

in addition to tepper, goldman sachs strategist scott rubner also took a positive view on the chinese stock market in a recent report. "i'm bullish on the chinese stock market, but this time it's different," rubner said. “i have never seen so much daily demand for chinese stocks.” this assertion reveals the confidence of overseas institutions in chinese assets and the renewed tilt of global capital towards the chinese market.

rubner's views are consistent with current market trends. as the fed's interest rate hike cycle comes to an end, the market generally expects that the monetary policies of the world's major economies may become looser, and china is a major force in emerging markets, which also provides a good foundation for the rise of its capital market. in this context, the views of strategy experts such as rubner undoubtedly provide more confidence support for market participants.

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