On July 4, data from the Korean Securities Depository's information portal revealed that in the first half of 2023, South Korean investors net purchased approximately $2.819 billion in Chinese assets through both individual stocks and ETFs, with A-shares accounting for about $678 million, a year-on-year increase of 130.55%. Semiconductor equipment company North Huachuang topped the A-share purchase list with approximately $33.94 million, followed closely by AI chip leader Cambricon with $27.28 million, and CATL ranked third. South Korean individual investors are focusing on stocks viewed as the 'Chinese version of Nvidia', driven by expectations of profit improvement and a rising belief in China's self-research capabilities in AI semiconductors. In the Hong Kong stock market, SMIC emerged as the most favored Chinese asset among South Korean investors with $85.46 million, while AI company MiniMax, listed in January, received about $66.65 million, ranking second, followed by Alibaba in third place. ETFs have become an important investment channel, with 10 Chinese asset ETFs collectively gaining approximately $209 million in net purchases in the first half of the year, led by the Global X China Semiconductor ETF with about $60.83 million. Standard Chartered Bank analysts stated that the attitude of overseas funds towards Chinese assets has undergone a 'fundamental change', shifting from a geopolitical discount perspective to a re-evaluation of the value of the AI industry.