一波援军正在路上！

Market Performance - The Shanghai Composite Index broke through the 3700-point mark, reaching a nearly four-year high since December 2021, shortly after opening yesterday [1][4] - The index has shown a strong upward trend since June 23, moving from 3500 to 3600 and now attempting to stabilize above 3700, indicating a potential for further gains [4] Foreign Investment - Foreign capital is accelerating its inflow into the Chinese stock market, with a reported injection of $2.7 billion (approximately 19.4 billion RMB) in July, a significant increase from $1.2 billion in June [4][6] - The International Financial Association reported a strong inflow of $55.5 billion into emerging market assets in July, with China accounting for a substantial portion of this [6] Bond Market - In July, China's bond market saw a net inflow of $30.8 billion, representing 78.6% of the total inflow into emerging market bonds [6][8] - Foreign investors have increased their holdings of domestic RMB bonds to over $600 billion, indicating a strong preference for Chinese debt [8] Retail Investment Trends - There has been a notable shift in household savings, with a decrease of 1.11 trillion RMB in household deposits in July, suggesting a migration of funds towards equity markets [12][13] - The number of new A-share accounts opened in July reached 1.96 million, a 71% increase year-on-year, reflecting growing retail investor interest [13][15] Economic Indicators - The M2 money supply growth rate increased to 8.8% in July, indicating higher liquidity in the market, while M1 growth rose to 5.6% [12] - The trend of increased non-bank deposits suggests a shift in risk appetite among residents, likely driven by positive stock market performance [12][16] Institutional Investment - Major investment firms like Bridgewater and JPMorgan have significantly increased their holdings in tech giants such as Nvidia and Microsoft, indicating confidence in the sector's growth potential [20][22] - BlackRock also reported substantial increases in its positions in major U.S. tech stocks, further highlighting the trend of institutional investment in high-growth sectors [23]