After Chinese public funds disclosed their third-quarter reports, portfolio changes at foreign-owned managers including BlackRock, Neuberger Berman, Allianz and AllianceBernstein came into view. The report says several foreign fund managers increased allocations to defensive assets such as banks while remaining positive on A-shares and viewing AI as a medium-to-long-term investment opportunity. It does not provide specific portfolio weights or disclose the managers’ AI-related allocations.