In April, foreign investors' confidence in China's stock market surged, resulting in a net inflow into A-shares of approximately RMB 200 billion (approximately USD 29 billion), marking the highest level since January of this year. This surge was mainly fueled by a robust rebound in the AI-driven technology sector, as investors turned their attention to AI's potential to boost productivity, coupled with a easing of geopolitical concerns. During April, the CSI 300 Index experienced an 8% increase and has since continued its upward trajectory with an additional 0.9% gain in May. The influx of foreign capital offered modest incremental support to the A-share market, indicating a resurgence in risk appetite for Chinese assets and a return of foreign investors' allocation intentions to levels observed at the start of the year. (Note: The RMB 200 billion estimate is provided by Bloomberg, derived using a methodology that encompasses most major sources of cross-border capital flows but excludes movements under quota-based programs such as QDII and QFII.)