Global asset management giants "shifting moments"

When the global trade situation sees positive changes, when China's emerging industries gradually demonstrate international competitiveness, and when the trend of a weakening US dollar continues, global asset management giants have successively carried out large-scale portfolio adjustments. Information disclosed by the US Securities and Exchange Commission shows that Michael Burry, the prototype of the movie "The Big Short" and the globally renowned hedge fund manager, made a bearish bet on Chinese concept stocks, buying call options on Alibaba and JD.com through his Scion Asset Management company in the second quarter. Hillhouse Capital's fund management platform, which focuses on secondary market investments, also increased its holdings of several Chinese concept stocks in the second quarter. At the same time, many foreign institutions have shown an increased willingness to allocate to Chinese assets, leading to a significant growth in the size of overseas China-related ETFs. It seems that global asset management giants have formed a "consensus" towards Chinese assets. Specifically in terms of allocation direction, these giants continue to focus on the technology sector.