During the National Day holiday, peripheral markets were not calm. The 10-year US Treasury yield once rose above 5.352%, hitting a 24-year high. Under the cloud of high interest rates, foreign investment's attention to Chinese assets has not declined but increased. Bank of America's latest report shows that global active long fund allocations to Chinese stocks have risen from “low allocation” to “benchmark neutral”, ending a four-year low allocation situation. Global asset management giants such as Fidelity International and Wellington Investment Management have also spoken out one after another, actively searching for a “new generation of winners” in China in a complex macroeconomic environment.

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