The preferences of foreign investment have changed, and the latest portfolio adjustment trends have been revealed.

Since the third quarter, QFII accounts under international institutions such as Goldman Sachs, Morgan Stanley, JPMorgan Chase, UBS, and Barclays have noticeably clustered around small and mid-cap hard technology and high-end manufacturing. According to disclosed announcements, Goldman Sachs has newly entered the list of top ten circulating shareholders for several companies in the third quarter, including Daheng Technology, Jinzhitech, Haocen Software, Hongfuhan, Langkun Technology, and Changrun Co., Ltd. Goldman Sachs International has appeared in the lists of Panda Dairy, Zhongheng Group, Lianhua Holdings, Runjian Co., Ltd., Sanyou Lianzhong, Fenglong Co., and Ningbo Yunsheng. It is noteworthy that several institutions have concentrated on a group of small to mid-cap companies that are not considered "big blue chips." Among them, Morgan Stanley, UBS, and Goldman Sachs have simultaneously entered the top ten circulating shareholders of Daheng Technology; UBS and Barclays have simultaneously entered Changrun Co., Ltd. along with Goldman Sachs; JPMorgan Chase, UBS, and Goldman Sachs International have simultaneously entered Tonghe Technology; Morgan Stanley, Barclays, and Goldman Sachs have newly entered Weiman Sealing; and Morgan Stanley, JPMorgan Chase, and UBS have entered Keanda.