[QFII Optimizes Positions and Allocation Points to Industrial Upgrading] November 10th, public data shows that as of the end of the third quarter, QFIIs (Qualified Foreign Institutional Investors) appeared on the list of the top ten tradable shareholders of more than 1,500 companies, with a total market value of positions exceeding 270 billion yuan. The position pattern outlines the characteristics of concentrated top positions, financial bottom positions and industrial upgrading. The QFII holdings of Bank of Ningbo, Shengyi Technology, Bank of Nanjing, and Changxin Technology all exceeded 10 billion yuan, showing that while foreign capital is stabilizing the defensive allocation of bank stocks, it is also investing incremental funds in hard technology leaders such as semiconductors and electronics. In recent years, QFII's overall allocation of Chinese assets has been expanding. As the number of QFII institutions has exceeded 1,000, many foreign investment institutions have maintained their positive judgments on the mid- to long-term trend of A-shares.