According to data on the iShares website owned by BlackRock, as of Friday (October 11), the net assets of the iShares China Large-Cap ETF (ticker: FXI) listed on the NYSE had reached $10.86 billion. This is also the first time that the size of a Chinese stock ETF listed in the US has exceeded $100 billion. It is understood that the FXI ETF was established 20 years ago, tracking the FTSE China 50 Index, covering the 50 largest and most liquid stocks listed on the Hong Kong Stock Exchange. The largest holding in FXI is Meituan, accounting for 10.69%, followed by Alibaba, Tencent, China Construction Bank, and JD.com. The top ten also include BYD, Ping An Insurance, Bank of China, and ICBC. Data shows that on Thursday (October 9), FXI had a net inflow of $1.6 billion, setting a record for single-day net inflows. As of the Friday close, FXI was at $33.38, up 5% this month after a 20% increase last month. Earlier this week, FXI reached $37.50, the highest level since November 2021. In addition to FXI, ETFs tracking Chinese assets, such as the 3x long FTSE China ETF-Direxion (YINN) and the 2x long CSI China Internet Stock ETF-Direxion (CWEB), have also shown significant strength recently. Overseas institutions emphasize the continued valuation advantage. Last month, a series of policies to support high-quality economic development in China were intensively introduced, boosting market confidence and improving investor expectations. Yesterday, Minister of Finance Liao Fofan said that the central government still has considerable room for borrowing and deficit expansion. Steven Schoenfeld, CEO of New York MarketVector Indexes, commented, "To some extent, the stimulus measures have worked. The market has shown this." Brendan Ahern, CIO of KraneShares, the provider of the China Overseas Internet ETF "KWEB," said that for a long time, Chinese stocks have been underrepresented in global indexes and have lower valuations compared to similar stocks globally. "The Fed is cutting interest rates, and a US economic recession may be imminent, so why not invest some profits in China, where there is a higher cost-benefit ratio?" Ahern said. "Valuations contain huge opportunities." Schoenfeld believes that China's share in major stock indices still underestimates the country's huge economic potential. "Given the strong rebound after the policy announcement, the pullback on Wednesday is not surprising. In fact, it just means that investors can now buy Chinese stocks at a slightly discounted price." Bank of America strategist Michael Hartnett also recommends buying Chinese stocks on dips. The team said that with the forecast of economic growth upgrades and rising bond yields, they expect an increase in asset allocation to China. Goldman Sachs strategist wrote in a report that the recent rebound in emerging market stocks is mainly driven by the surge in Chinese stocks from their lows, and China's performance relative to other emerging markets has reached its highest level in 25 years. "We expect emerging market stocks to continue to rise." This article is selected from "CaiLian News". GMTEight Editor: Chen Xiaoyi.