9月3日那天，更是资本博弈！全球资金下注，但在中国却无人在意？

Group 1 - Capital is increasingly seeking safety and profitability, with historical trends showing that during global turmoil, such as the Russia-Ukraine conflict, capital flows rapidly to perceived safe havens like the US [1][3] - The Federal Reserve is expected to end its interest rate hike cycle and shift towards rate cuts, which may lead to a decline in returns on US dollar assets, prompting capital to seek undervalued opportunities in other markets, particularly in China [3][10] - The Chinese stock market is currently experiencing significant foreign capital inflows, with net inflows reaching $27 billion in July and $426 million in August, indicating a growing interest from international investors [10][16] Group 2 - The upcoming military parade in China is seen as a demonstration of national stability and security, which is attractive to international capital amid global uncertainties [6][19] - Goldman Sachs reported that hedge funds are rapidly increasing their investments in Chinese stocks, with the allocation to China by global mutual funds rising to 6.6%, suggesting room for further growth [8][10] - The valuation of Chinese assets is appealing compared to US assets, with the price-to-earnings ratio of the Shanghai Composite Index at 11, significantly lower than the S&P 500's 24, indicating a potential investment opportunity [14][16] Group 3 - The stability of the Chinese yuan around 7.18 and the government's proactive measures to support the stock market are contributing to China's perception as a "safe haven" for capital [16] - The geopolitical landscape is influencing capital flows, with Japan's diplomatic efforts to undermine China's military display being largely ignored by Southeast Asian nations, highlighting China's growing influence [17][19] - The shift in capital preferences is evident as investors reassess their strategies in light of declining returns on US assets and the relative stability and growth potential in China [19]