中国股票大利好！外资，爆买

Group 1 - International capital is experiencing a significant shift in attitude towards Chinese assets, with hedge funds rapidly increasing their net purchases of Chinese stocks, marking the highest net buying volume globally in August [1][2] - The Shanghai Composite Index surged by 1.45% on August 22, reaching a 10-year high, while the ChiNext Index saw an increase of over 8%, indicating strong market performance [2][3] - Emerging market funds have significantly reduced their holdings in Indian stocks while increasing their allocations to Chinese A/H shares and the South Korean market [3][4] Group 2 - In June, foreign institutional investors saw a net inflow of $1.2 billion into the Chinese stock market, which further increased to $2.7 billion in July, indicating a growing trend of foreign investment [5] - Korean investors have injected $5.8 billion into Hong Kong stocks this year, surpassing the total for 2024, reflecting strong foreign interest in Chinese assets [5] - The net inflow of foreign capital into A-shares is expected to continue, driven by the potential for significant funds to enter the market, as only 22% of household financial assets are currently allocated to funds and stocks [7][8] Group 3 - The optimism surrounding China's economic growth is rising among fund managers, with expectations for stronger growth reaching the highest level since March 2025 [7] - The current market rally is supported by improved liquidity, with funds shifting from the bond market to equities, and long-term bond yields indicating a positive outlook for the macroeconomic environment [7][8] - Foreign capital inflows are anticipated to accelerate due to attractive stock valuations and the expectation of declining U.S. interest rates, which may redirect funds back to China [8]