Foreign capital continues to be bullish on Chinese assets. According to Wall Street Journal, a Wall Street veteran who once predicted that the CSI 300 could reach 6,000 points within a year has spoken out again.

Recently, Jeff deGraaf, a veteran Wall Street figure, former chief technical analyst at Lehman Brothers, and co-founder and CEO of Renaissance Macro Research, said that in his 35 years on Wall Street, he has rarely seen a long-term bull market with such "right time, right place and right people" - "skepticism, valuation, stimulus, momentum and trend changes" are all in place.

Jeff deGraaf said that hedge funds will "regret" if they choose to sell a record number of Chinese stocks during the CSI 300 correction this week, and advised investors to "keep stop losses and reject dogma" when betting on China. In deGraaf's view, it is no coincidence that China has launched a series of supportive measures for the capital market at a time of market downturn: "The market is also driving policy, just as policy drives the market." "We believe that China's policy response is a self-protection and a response to weakness, similar to the 'Draghi moment' that saved the euro crisis with the vow to "defend the euro at all costs."

Previously, deGraaf had boldly predicted in an interview that the CSI 300 could reach 6,000 points within 12 months at the earliest. Based on yesterday's closing price, this means that the index still has about 50% upside potential.