Choice data shows net purchases for 4 consecutive months since February of Northbound Capital as of May 20. Since this year, the total net purchase amount of Northbound Capital is 93.181 billion yuan, which has surpassed the net purchase amount of 90.2 billion yuan in 2022 and 43.7 billion yuan in 2023. A series of data recently disclosed shows that global capital is increasing its allocation of Chinese assets. The latest data from Goldman Sachs Group's brokerage department shows that hedge funds made net purchases of stocks in various regions of the world last week, and net purchases of Chinese stocks have continued for four weeks. Furthermore, in its newly released stock strategy report, Goldman Sachs raised the 12-month target of the Shanghai and Shenzhen 300 Index from 3,900 points to 4,100 points to maintain an “gain” rating for A-shares. A number of agencies said that continued fluctuations in overseas markets and gradual improvement in China's economic fundamentals were the main reasons for attracting the return of foreign capital. (Shanghai Securities Report)