港股市场持续强势，海外机构对中国资产的高度青睐态势愈发显著

Group 1 - The Hong Kong stock market has shown strong performance recently, with the Hang Seng Index reaching a four-year high and increasing over 31% year-to-date, leading global major indices [1] - Fund managers are optimistic about the future of the Hong Kong stock market, noting a trend of capital inflow from both domestic institutional investors and overseas dollar funds returning to China [1] Group 2 - Citic Securities indicates that more listed companies are shifting from domestic exposure to global exposure, particularly in the manufacturing sector, where Chinese companies are converting market share into pricing power [3] - The traditional economic analysis based on domestic inventory cycles is becoming inadequate to fully capture the market fundamentals, necessitating a global perspective for evaluating fundamentals and liquidity [3] - The International Institute of Finance (IIF) reported that in August, foreign investors injected nearly $45 billion into emerging market stocks and bonds, with a significant portion flowing into the Chinese market, totaling a net inflow of $39 billion for Chinese bonds and stocks [3] - Goldman Sachs research shows that in August, net purchases of Chinese assets by global hedge funds reached the highest level since September of the previous year, with total positions in China hitting a two-year high [3]