股市流动性月报：基金仓位震荡提升，两市成交大幅回暖

Group 1 - The overall liquidity in the stock market significantly improved in September, with a total fundraising amount of 7 billion yuan in the primary market, a month-on-month decrease of 37.5% [14] - In September, the net reduction of important shareholders in the secondary market was 2 billion yuan, a decrease of 8.1 billion yuan compared to the previous month [18] - The average daily trading volume in the two markets reached 796.9 billion yuan in September, an increase of 33.4% compared to the previous month [24] Group 2 - The amount of stock repurchased by listed companies in September was 51.1 billion yuan, reflecting a month-on-month increase of 9% [21] - The issuance scale of equity funds in September was 23 billion yuan, a significant increase of 12.5 billion yuan compared to the previous month [29] - The stock investment ratio of open-end funds rose to 68.27% by the end of September, up from 64.82% at the end of August [31] Group 3 - The financing and margin trading balance in the A-share market slightly increased to 1,395.6 billion yuan, up by 2.7 billion yuan from the end of the previous month [33] - The liquidity environment for A-shares is expected to improve further due to favorable domestic policies and a more accommodative global liquidity environment following the Federal Reserve's interest rate cut [35]