智通财经网·2025-11-06 06:21Core Insights - In October, foreign capital inflow into the Chinese stock market slowed to $2.2 billion due to geopolitical risks and reduced risk appetite towards the end of the year [1] - The most increased holdings were in China Construction Bank (00939) and Ping An Insurance (02318), while the most reduced holdings were in Alibaba (09988) and Tencent (00700) [1] - As of October 31, total foreign inflows for the year reached $8 billion, reversing the projected outflow of $17 billion for 2024 [1] Fund Flows - Passive funds saw an inflow of $3.2 billion into the Chinese stock market in October, while active funds experienced an outflow of $1 billion [1] - Retail participation in A-shares decreased in October, and the growth of equity public funds slowed [1] - There was a notable outflow from foreign passive funds tracking the CSI 300 index [1] Sector Allocation - Among the over-allocated sectors, active fund managers increased their holdings the most in capital goods, insurance, and materials, while the most reduced allocations were in media, entertainment, and consumer services [1] - In the under-allocated sectors, the underweight in discretionary consumer distribution and retail increased, while the underweight in technology and biopharmaceuticals narrowed [1]