大摩：全球基金12月增持中国股票 受被动型流入支撑

Core Viewpoint - In December, foreign capital continued to flow into Chinese stocks, primarily supported by passive funds, while active funds were still selling but at a slower pace [1] Group 1: Foreign Capital Inflow - In December, the inflow of foreign passive funds into H-shares and A-shares accelerated to $4.4 billion [1] - The outflow from active funds slowed to $0.9 billion, resulting in a net inflow of $3.5 billion, an increase compared to the net inflow of $2.3 billion in November [1] Group 2: Future Projections - The report projects a total net inflow of foreign capital of $14 billion in 2025, while 2024 is expected to see a net outflow of $17 billion [1]