Safe: recently, the US dollar exchange rate and interest rates have fallen from high levels. The 10-year bond yields between China and the United States tend to converge. On April 21, Wang Chunying, spokesman for the State Administration of Foreign Exchange, said at a news conference held by the State Information Office on the 21st that with the improvement of the internal and external environment in recent months, foreign investment in China's securities has generally improved. First, China's economy has steadily recovered and market expectations have been boosted. The enthusiasm of foreign investors to invest in RMB assets has rebounded significantly. Second, under the influence of many factors, the exchange rate of the US dollar and interest rates have recently fallen from high levels, and the degree of inverted 10-year Treasury yields between China and the United States tends to converge, which has narrowed by half from the highest 1.5 percentage points to about 0.7 percentage points at present. In January 2023, net foreign purchases of domestic stocks reached an all-time high; in March, the balance of domestic bonds held by foreign investors rebounded month-on-month.