时报观察 主动外资转向净流入 人民币资产吸引力提升

Group 1 - The core viewpoint is that foreign capital is increasingly flowing into China's A-share market, with a net inflow of 6.98 billion yuan from August 14 to August 20, 2023, indicating a positive sentiment towards investment opportunities in A-shares [1] - Passive foreign capital saw a net inflow of 6.84 billion yuan, while active foreign capital recorded a net inflow of 0.14 billion yuan, marking the first net inflow for active foreign capital since mid-October 2024 [1] - The Shanghai Composite Index has risen by 15.87% this year, outperforming major global indices such as Nasdaq and S&P 500, with the CSI 300 Index increasing by 9.81% and the Shanghai Composite Index by 8.66% in August [1] Group 2 - Data from the State Administration of Foreign Exchange indicates that foreign investment in domestic stocks has improved, with a net increase of 10.1 billion USD in the first half of the year, reversing a two-year trend of net reductions [2] - The net increase in foreign holdings reached 18.8 billion USD in May and June, reflecting a growing willingness among global capital to allocate to China's domestic stock market [2] - As the investment value of Chinese assets becomes more apparent and the degree of openness continues to rise, it is expected that more foreign capital will invest in China [2]