Citigroup raised its rating on Chinese stocks to 'overweight' and Goldman published a 'long China AI value chain' report, Chinese outlets said; some prominent investors reportedly added Hong Kong shares and e-commerce names.

'Overweight' means holding more of an asset than the market average; interest in AI, platform and chip names is showing up in flows, analysts say.

Cited backdrops include valuation appeal, policy expectations and tech themes, though caution coexists over regulatory and geopolitical variables and the need to confirm earnings.

Foreign flows can turn quickly, so a single report hardly settles a trend; markets are watching whether inflows persist.

We present the banks' views as information only, recommending no specific stock or market trade.