外资热情不减！年内调研超百家A股公司，大摩称1月美欧共同基金流入超80亿美元

Group 1 - The core viewpoint of the articles indicates a positive outlook for the A-share market, driven by significant foreign capital inflows and improved retail investor sentiment [1][4][7] - Morgan Stanley reported that in January, foreign capital inflows accelerated, with a net inflow of $8.6 billion (approximately 59.7 billion RMB) into the Chinese stock market, marking the highest level since October 2024 [1][4] - Goldman Sachs expressed optimism about the A-share market, attributing it to widespread recognition of "Chinese innovation" and strong interest in AI and robotics themes, which are expected to support robust market sentiment throughout 2026 [1][8] Group 2 - Over 163 A-share companies have been investigated by foreign investors since the beginning of the year, with companies like Huaming Equipment and Ying Shi Innovation attracting the most attention [2][3] - AI-related companies remain the most favored by foreign investors, with companies such as Optoelectronics and Huichuan Technology receiving over 40 investigations each [2][3] - The performance of A-share companies, product competitiveness, dividend plans, and geopolitical impacts are key areas of focus during foreign investor inquiries [3] Group 3 - The retail investor participation in the A-share market has significantly increased, with new account openings on the Shanghai Stock Exchange reaching 4.9 million in January, surpassing the previous peak of 3.1 million in March 2025 [6] - Morgan Stanley noted that the "national team" selling pressure may be nearing its end, which, combined with the continued inflow of foreign and retail funds, could lead to a positive change in market liquidity [6][5] - Fidelity International highlighted the resilience of the Chinese market, stating that the A-share market is regaining vitality supported by consumption, real estate stabilization, and structural reforms [9] Group 4 - The valuation of the Chinese stock market remains attractive compared to global peers, despite a strong rebound in 2025, as noted by Fidelity International and Invesco [9][10] - Invesco's Chief Investment Officer for Mainland China and Hong Kong mentioned that improving fundamentals and long-term growth drivers are likely to create a more sustainable structural growth cycle for A-shares [10] - The Chinese market is expected to present three major investment opportunities in 2026, including industrial upgrades, advancements in artificial intelligence applications, and upgrades in the consumer market [11]