金融市场流动性与监管动态周报：北向资金一季度重回净买入，美联储降息预期提升-20250408

Group 1 - Northbound capital returned to net inflow in Q1, with a net purchase exceeding 13 billion yuan, primarily concentrated in the technology sector, particularly the Sci-Tech Innovation Board and the Growth Enterprise Market [3][8] - The main industries attracting northbound capital included automobiles (17.5 billion yuan), electronics (14.3 billion yuan), and machinery (6 billion yuan), with significant purchases in semiconductors (16.8 billion yuan), passenger cars (10.5 billion yuan), and batteries (7.1 billion yuan) [3][9] - The proportion of northbound capital held in semiconductor and passenger car stocks reached historical highs, indicating strong investor confidence in these sectors [8][9] Group 2 - The electronic, power equipment, and defense industries saw significant net inflows from various funds, with the highest inflows in electronic (4.03 billion yuan), defense (2.00 billion yuan), and computing (1.79 billion yuan) [37] - Conversely, industries such as coal, real estate, and steel experienced substantial net outflows, reflecting a shift in investor sentiment away from these sectors [37] - The financing capital showed a net outflow of 19.34 billion yuan, with notable net purchases in the automotive (0.69 billion yuan), pharmaceutical (0.16 billion yuan), and agriculture (0.04 billion yuan) sectors, while non-bank financials and computing faced significant net selling [37]