海外中国股票ETF规模大增，国际资金看好中国资产

Core Insights - The investment enthusiasm for Chinese stock ETFs in overseas markets has continued to grow since August, with significant net inflows observed in several major ETFs [1][2]. Group 1: ETF Performance - As of August 29, the total asset size of five major Chinese stock ETFs reached $26.6 billion, an increase of approximately $2.3 billion from $24.3 billion at the end of July, representing a growth rate of nearly 10% [2]. - The Chinese Overseas Internet ETF-KraneShares (KWEB) saw its asset size rise to $8.323 billion, up over 9% from $7.617 billion at the end of July, and a year-to-date increase of approximately $3 billion, or 54% [2][3]. - The MSCI China ETF-iShares (MCHI) increased its asset size to $7.890 billion, reflecting a growth of over 12% from $7.029 billion at the end of July, and a year-to-date increase of approximately $2.4 billion, or 45% [4][5]. - The Chinese Large Cap ETF-iShares (FXI) grew to $6.647 billion, up 5% from $6.326 billion at the end of July, while the CSI 300 China A-Share ETF-Deutsche Bank (ASHR) reached $2.334 billion, a growth of about 13% [6]. Group 2: Investment Trends - Alibaba's recent financial report indicated a 26% year-on-year growth in Alibaba Cloud revenue, with a record capital expenditure of 38.6 billion yuan, which has positively influenced investor sentiment towards Chinese tech stocks [7]. - The 2x Long BABA ETF-GraniteShares (BABX) experienced a net inflow of $9.48 million over three consecutive trading days, with its asset size increasing over 70% from $8.085 million at the end of June to $13.9 million by the end of August [7]. Group 3: Market Outlook - Manulife Investment's perspective suggests that expectations of U.S. Federal Reserve interest rate cuts, combined with a series of positive domestic policies, are likely to inject strong momentum into the A-share and Hong Kong stock markets [11]. - Data indicates that active foreign capital began flowing into A-shares in August, with $1.985 million entering from August 14 to August 20, alongside accelerated passive foreign capital inflows into Hong Kong stocks and Chinese ADRs totaling $1.32 billion [11].