Multiple foreign capital giants significantly increased their holdings of Chinese concept stocks in the first quarter.

The latest disclosed 13F filings in the United States show that several foreign institutional giants have significantly increased their holdings of some Chinese stocks in the first quarter of this year. Among them, institutions such as Castle Consulting and Deutsche Bank increased their holdings of Alibaba by over 500%; institutions like J.P. Morgan and UBS significantly increased their holdings of Baidu; Point72 and Bank of America made significant purchases of JD.com. Industry insiders believe that the revaluation of profit recovery, cloud business, and other growth points have not been fully reflected in the valuations, which is the core reason for the increase in foreign institutional holdings. At the same time, institutions like J.P. Morgan and Citigroup have also raised their price targets for the relevant company stocks, optimistic about their future performance.