According to a report from Goldman Sachs, global hedge funds are flocking to the Chinese stock market due to the stimulus measures far exceeding expectations by the Chinese government, leading to the strongest single-week buying spree on record last week (September 23-27). Not only hedge funds and speculators, but many foreign long-term investors are now worried about missing out on the opportunity. According to data from LSEG Lipper, foreign exchange-traded funds (ETFs) focused on Chinese stocks received $2.4 billion in inflows in the last three trading days of September, in sharp contrast to the $2.7 billion outflows from the beginning of the year until September 25. Goldman Sachs' institutional brokerage team pointed out in a report this week that hedge funds are "sharply" increasing their exposure to China, with purchases of Chinese stocks reaching the highest level since Goldman began recording in 2016 during the week of September 23-27. The inflows were mainly long positions, especially in individual stocks, with buying concentrated in consumer, industrial, financial, and information technology sectors. Energy was the only sector where hedge funds sold off slightly. Furthermore, the significant rebound in the Chinese stock market helped stock-picking hedge funds focused on the Chinese market achieve a return of 6% last week, marking the best single-week performance on record for Goldman Sachs. So far this year, these hedge funds have estimated returns of 12.8%. Investors and analysts note that despite the consensus trade in recent years being to sell off Chinese stocks amid gloomy economic prospects and geopolitical tensions, the tide is now turning. Wee Khoon Chong, senior market strategist for Asia Pacific at Bank of New York Mellon, stated, "We see a significant increase in interest in buying Chinese stocks as we head into the Chinese National Day holiday. This is encouraging and indicates a potential shift in sentiment towards China among global investors after a long period of outflows." He added that foreign long-term investors started buying strongly from last Thursday (26th), showing a clear change in sentiment.