Foreign investment in the Chinese market has recently intensified, with August seeing the largest monthly net purchase of Chinese stocks (onshore and offshore combined) since September 2024. Unlike previous offshore channels such as ADRs (American Depositary Receipts), this round of foreign capital inflows is more direct, gradually extending to the onshore market. Industry insiders analyze that the return of foreign capital is primarily due to China's leading advantages in cutting-edge fields such as artificial intelligence and robotics, as well as the positive signals released by recent economic stabilization policies. Technological growth, high-dividend assets, and high-end manufacturing have become key investment areas for foreign investors, with northbound capital participation through ETFs significantly increasing.