中国资产吸引力显著增强

Group 1 - The consensus among foreign institutions is increasingly bullish on Chinese assets, with significant growth in the holdings of northbound funds, which reached a market value of 2.58 trillion yuan by the end of Q3, an increase of over 380 billion yuan year-to-date [1] - China's attractiveness to foreign capital is driven by economic resilience, policy benefits, and innovation momentum, with a shift from traditional valuation advantages to long-term themes such as technological innovation and green transformation [1][2] - The A-share market is transitioning to a structurally upward phase driven by profit growth, with foreign capital showing increased willingness to allocate funds, supported by a positive cycle of valuation advantages and capital inflows [3] Group 2 - China's economic fundamentals are stable, with key indicators showing improvement, including a GDP growth of 5.2% year-on-year in the first three quarters [2] - Accelerated industrial upgrades and breakthroughs in new productivity areas like artificial intelligence and robotics are optimizing the economic structure, while policy and institutional benefits are being rapidly released [2] - Future enhancements in the attractiveness and competitiveness of Chinese assets in global resource allocation require coordinated efforts in institutional openness, product supply, risk management, and market ecology [4]