心动中国资产！四季度外资调研超千次，股票持仓升至1.1%

Group 1: Foreign Investment Trends - Foreign institutional investors have increased their holdings in Chinese stocks, with the allocation rising from -1.6% to -1.3% in Q3 2025, marking the highest level since Q1 2023 at 1.1% for the top 40 global investment institutions [1][2] - The sectors with the most significant increases in foreign investment include healthcare, insurance, energy, materials, and the internet, while automotive and technology sectors saw reductions [2][3] Group 2: A-Share Market Research - From October 1 to November 14, foreign institutions conducted nearly 1300 research visits to A-share listed companies, with Goldman Sachs, Citigroup, and Morgan Stanley leading in the number of visits [1][5] - The most researched companies included Huaming Equipment, Optoelectronics, and United Imaging, indicating strong interest in sectors like electrical components, medical equipment, and industrial machinery [5] Group 3: Investment Focus Areas - Foreign institutions are optimistic about opportunities in AI, engineering machinery, non-ferrous metals, and the advantages of Chinese manufacturing, with a belief that the overall valuation of the A-share market remains reasonable [6][7] - The shift in investor sentiment reflects a growing recognition of the resilience and advantages of the manufacturing sector amid the transition from old to new economic drivers [7] Group 4: Future Outlook - There is an expectation that foreign capital inflow into Chinese assets will continue, supported by anticipated monetary easing from the Federal Reserve and a favorable environment for A-shares in the context of global capital rebalancing [8]