Global investors are showing signs of improved sentiment towards China, with a notable increase in equity issuance that has doubled in the first quarter of 2025 compared to the same period last year. This resurgence in the market is attributed to a renewed interest from global investors, particularly in the technology sector, as they begin to re-evaluate mainland China's stock markets after a two-year hiatus. Bankers have indicated that this renewed activity could lead to further engagement from large, long-only funds, although a stronger conviction is still needed for a full return.