Since the second half of the year, nearly 400 foreign institutions have conducted intensive research on A-share listed companies, with a total of nearly 1800 surveys, sending a positive signal of continued attention to Chinese assets. The foreign institutions participating in the survey not only include internationally renowned investment banks and asset management companies such as Goldman Sachs, Fidelity, BlackRock, and UBS, but also well-known hedge funds such as Tiger Pacific Fund and Point72. From the perspective of research direction, foreign institutions focus on high-end manufacturing and technological innovation fields such as industrial machinery, electrical equipment, electronic instruments, and healthcare. Since the second half of the year, nearly 1800 surveys have been conducted by foreign investors. According to Wind data, as of September 16th, a total of 395 foreign institutions have appeared on the research list of A-share listed companies, with a total of 1782 surveys conducted. Specifically, Point72, known as the "craziest money making machine on Wall Street," has conducted 59 surveys on A-share listed companies since the second half of the year, ranking first among foreign institutions; Goldman Sachs, Bank of America Securities, Citigroup Global, and Bloomberg have conducted over 40 surveys. The well-known hedge fund Tiger Pacific Fund conducted research on four companies including Jiezhong Technology, Mindray Medical, Aibo Medical, and Pengding Holdings. From the perspective of sectors, industrial machinery, electrical equipment, electronic instruments, medical and health equipment, etc. have gained favor from foreign-funded institutions. According to statistics, related targets such as Eston, Huaming Equipment, Opt, Tianfu Communication, Lansi Technology, Lianying Medical, Mindray Medical, BeiGene, etc. have all received research from more than 50 foreign-funded institutions. Taking Eston as an example, the investor relations activity record recently disclosed by the company shows that well-known foreign institutions such as Merrill Lynch, Citigroup, Morgan Stanley, BNP Paribas, Deutsche Bank, and Point72 have all appeared on the research list. During the research process, foreign institutions paid more attention to the demand situation of downstream industries in the second half of the year. Eston stated that downstream industry demand will continue to grow in the second half of the year, especially in industries such as automotive, electronics, and lithium batteries, which are expected to maintain good growth. According to the investor relations activity record recently disclosed by Lianying Medical, foreign institutions such as Jing Shun, JPMorgan Chase, Morgan Stanley, and Allianz Fund participated in the company's investor relations activities in August this year. Actively exploring investment opportunities in the A-share market. At this point, multiple foreign institutions believe that the A-share market has abundant investment opportunities, especially in fields such as technology and medicine. Zhu Bingqian, Chief Market Strategist of Lu Bomai Fund, stated in an interview with Shanghai Securities News that based on technological breakthroughs, policy support, and market trends, she is more optimistic about semiconductor chips and AI algorithm applications among the many segmented fields of hard technology. In Zhu Bingqian's view, semiconductors are the "food" of the digital age, and their equipment and materials are the cornerstone that supports the development of the entire industry; AI is the core engine of a new round of scientific and technological revolution. China has a huge application market of the Internet, cloud computing, intelligent manufacturing, smart city, etc., providing AI chips with massive application scenarios and a fast iterative environment. Li Changfeng, the head of market strategy at Lianbo Fund, told Shanghai Securities News reporters that some innovative enterprises can transform policy dividends into technological advantages in sub sectors such as semiconductor equipment, characteristic processes, and advanced packaging. In these fields, some leading enterprises have not only established a foothold in the domestic market, but also successfully entered the global supply chain system. These enterprises, with their differentiated technological advantages and cost-effectiveness, have become an indispensable part of the global industrial chain through certification from top international customers. ”Li Changfeng said. Morgan Stanley Fund recently released a public opinion stating that looking ahead to the A-share market, they are optimistic about the following directions: firstly, AI computing power and AI applications that continue to exceed expectations in demand; Secondly, innovative drugs with continuously improving innovation capabilities and expanding international market influence; Thirdly, new energy that benefits from the "anti involution" policy and is gradually approaching a turning point in price; Fourth, semiconductors, new consumption, resource products with limited supply, and high-end manufacturing that benefits from going global. (New Society)