Recently, as listed companies disclosed the latest top ten shareholders due to repurchase or restructuring matters, the dynamics of some foreign institutions' position adjustment and stock swap at the end of 2024 have surfaced. Foreign institutions have frequently bought A-share companies to make early arrangements for investment in 2025. According to incomplete statistics, from November to the end of December 2024, A-share companies bought or increased by foreign institutions include Sanhua Intelligent Control, Hongchuang Holdings, Canadian Solar, Hasen Shares, Fuhuang Steel Structure, Shengquan Group, Zhuoyi Information, Shimao Energy, Huahai Chengke, etc. It can be seen that as the fundamentals of the domestic economy continue to improve, foreign institutions have further focused on companies with good fundamentals and rising prosperity. In addition, the preference of foreign institutions for mergers and acquisitions and restructuring targets is also very obvious.