Core Viewpoint - Morgan Stanley reports that foreign capital inflow into Chinese stocks continued in December, primarily supported by passive funds, while active funds are 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, while the outflow from active funds slowed to $0.9 billion, resulting in a net inflow of $3.5 billion, an increase from the net inflow of $2.3 billion in November [1] - Cumulatively, the total net inflow of foreign capital for 2025 is projected to be $14 billion, while a net outflow of $17 billion is expected for 2024 [1] Group 2: Fund Allocation - The global fund's underweight position in China remains stable at 1.4 percentage points, with adjustments in allocation from emerging market funds and Asia (excluding Japan) funds towards China [1] - Foreign passive funds tracking the CSI 300 index recorded new inflows in December after two consecutive months of outflows [1]
大摩：去年12月中国股票续吸引外资流入 主要受被动型基金流入支持
Zhi Tong Cai Jing·2026-01-08 05:52