Group 1 - As of the end of Q3, northbound funds held A-shares worth 2.58 trillion yuan, marking a year-to-date increase of over 380 billion yuan, with continuous growth for three consecutive quarters [1][2] - The top five industries by northbound fund holdings are power equipment, electronics, pharmaceuticals, banking, and food and beverage, with respective holdings of 443.8 billion yuan, 391.5 billion yuan, 183.9 billion yuan, 173.7 billion yuan, and 162.3 billion yuan [2] - In Q3, northbound funds increased their positions in nine industries, with the electronics sector seeing the largest increase of 1.82 billion shares, followed by basic chemicals and automotive [3] Group 2 - Northbound funds reduced their holdings in 22 industries, with the largest reductions in banking, construction decoration, non-bank financials, transportation, and public utilities [3] - The trend of increasing northbound fund holdings reflects a positive sentiment towards the A-share market, particularly in technology growth sectors [4][5] - Global investment firms have expressed optimism about the A-share market, with Morgan Stanley reporting a net inflow of 4.6 billion USD in September, the highest since November 2024 [4][5] Group 3 - Analysts highlight that the current conditions for A-shares are better than before, with expected earnings growth in major indices remaining in the mid-to-high single digits for this year and next [5] - Foreign investment institutions emphasize technology stocks as a key investment theme in the A-share market, citing China's leadership in electric vehicles, batteries, and robotics [6][7] - The overall sentiment among foreign investors is driven by economic recovery, attractive valuations, and supportive policies in China [7]
北向资金持仓市值连续三个季度增长 外资齐声“唱多”A股
2 1 Shi Ji Jing Ji Bao Dao·2025-10-17 00:47