Nomura: In January, mutual funds in the US and Europe saw inflows of over $8 billion.

Morgan Stanley disclosed in a recent research report that foreign capital inflows have accelerated significantly, and individual investors' sentiment has warmed up. According to the institution's calculation, in January of this year, the net inflow of funds from the United States and the European Union into the Chinese stock market reached 8.6 billion US dollars, the highest level since October 2024. In that month, both the number of new A-share accounts opened and the net inflow of small orders reached new highs since 2025. Another Wall Street giant, Goldman Sachs, also holds an optimistic view on A-shares. Fan Xiang, co-head of Goldman Sachs China Investment Banking, believes that investors' widespread recognition of "Chinese innovation" and strong interest in AI and robotics themes are expected to support strong market sentiment throughout 2026. In addition, foreign investors such as Fidelity International and Wellington Management are also optimistic about the future performance of A-shares. Since the beginning of this year, foreign investors' enthusiasm for research has not diminished. According to Wind statistics, more than a hundred A-share companies have received research from foreign investors since the beginning of the year, and AI companies continue to be favored.