中国股票利好不断，外资爆买

Group 1 - Foreign capital inflow into the Chinese stock market rebounded to $4.6 billion in September, the highest monthly figure since November 2024, driven primarily by passive funds [1][3] - Year-to-date, passive funds have cumulatively flowed into China amounting to $18 billion, surpassing last year's total of $7 billion [3] - Over 90% of investors surveyed by Morgan Stanley plan to increase their exposure to the Chinese market, marking a new high since 2021 [3] Group 2 - The semiconductor sector has seen significant investment, with active managers increasing their holdings in this area, while reducing positions in insurance and durable goods [6] - Semiconductor stocks, particularly SMIC and Hua Hong Semiconductor, have experienced substantial price increases, with SMIC rising over 12% on October 2 [6] - The semiconductor industry reported a revenue of 353.03 billion yuan in the first half of the year, reflecting a year-on-year growth of 13.34% [7] Group 3 - The AI chip sector is expected to thrive, with a complete integration of the domestic AI industry chain from upstream to downstream [7] - The second half of the year is typically a period of intensive technology releases and product iterations in the domestic tech sector, particularly in semiconductors and AI applications [7] - The market sentiment is optimistic, with expectations of policy support and potential interest rate cuts from the Federal Reserve benefiting the Hong Kong stock market [7]