外资机构以真金白银为中国资产“投票”

Group 1 - S&P Global Ratings maintains China's sovereign credit rating at "A+" with a stable outlook, reflecting confidence in the resilience of China's economic growth and debt management [1] - Foreign institutional investors have actively invested in Chinese assets, with 27 A-share companies showing QFII presence among their top ten circulating shareholders, totaling approximately 128.02 billion yuan [2] - Foreign public funds have accelerated their portfolio adjustments, favoring sectors such as technology manufacturing, innovative pharmaceuticals, and high-dividend stocks [3] Group 2 - Morgan Stanley, UBS, and other international institutions have expressed optimism about the Chinese stock and bond markets, with Goldman Sachs raising its target for the MSCI China Index, indicating an expected 11% upside [6] - The influx of foreign capital into Chinese markets is evident, with approximately 44.3 billion USD entering China from April to late July 2025 [6] - UBS's latest report suggests that improvements in the "Northbound Swap Connect" will facilitate foreign investors' holdings of RMB-denominated bonds, enhancing their participation in the Chinese bond market [7]