Noticed Old Mission Capital just bumped up their China ETF position pretty significantly - added over 740k shares of MCHI in Q4, bringing their total stake to around 1.3M shares worth $80M. That's a solid $46M in new capital flowing into Chinese equities right there.

What caught my eye is the timing. This move signals they're betting that China's market reset might actually be bottoming out. After years of regulatory crackdowns and property sector stress, valuations got crushed and foreign investors bailed hard. But lately things seem to be stabilizing - people are actually asking whether the worst is behind us.

The fund itself tracks China's top companies across financials, tech, consumer sectors. It's heavily weighted toward mega-cap names though, so earnings from those giants will make or break this recovery narrative. If China's largest companies can show consistent profit growth, you'll probably see more capital flowing back in. If results stay uneven, gains from here get capped pretty quick.

Interesting to see institutional players starting to test the waters again in China capital markets. Probably worth watching how this plays out over the next few quarters.