With the disclosure of the third quarterly public fund report, the position adjustment paths of wholly foreign-owned public funds such as BlackRock, Lubomai, Allianz, and Lianbo have surfaced. In the third quarter, A-shares ushered in a change in style. A number of foreign public fund managers actively adjusted positions and exchanged shares, increasing the allocation of defensive assets such as banks. Despite short-term market fluctuations, foreign fund managers still look positively at the A-share market and view artificial intelligence as a racetrack with medium- to long-term investment value.

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