Hedge funds' new trends: Wall Street "smart money" bullish on Chinese tech stocks.

Recent reports from Goldman Sachs show that hedge funds reduced their holdings of the "Big Seven" US stocks in the first quarter of this year, while increasing their investments in Chinese companies listed in the US. Industry experts believe that the reallocation of "smart money" on Wall Street highlights the increasing attractiveness of Chinese tech stocks. With China's growing influence in developing new technologies, these stocks have become very appealing to foreign investors. Data from Choice shows that as of May 22nd, the Hang Seng Tech Index has risen by 17.54% this year, far outperforming the 1.99% decline in the Nasdaq index during the same period.