1月第3周全球外资周观察：线外资流入，短线外资流出

Group 1 - The core conclusion indicates that there may be a slight net outflow of northbound funds in the recent week, while flexible foreign capital may see a small net inflow [1][10] - In the Hong Kong stock market, stable foreign capital inflow was 18.4 billion HKD, while flexible foreign capital outflow was 16.7 billion HKD, with a net inflow of 4.9 billion HKD through the Hong Kong Stock Connect [2][12] - In the Asia-Pacific market, foreign capital flowed into Japan during the week, while there was an outflow from India in December [2][18] Group 2 - In the A-share market, the estimated net outflow of northbound funds was 9.3 billion CNY in the recent week, compared to a net outflow of 4.3 billion CNY in the previous week [10] - The top active stocks in the northbound trading included Ningde Times with a total transaction amount of 18.6 billion CNY, accounting for 14% of the stock's weekly trading volume [10] - In the Hong Kong stock market, the inflow of foreign capital was concentrated in sectors such as pharmaceuticals, non-ferrous metals, and real estate [12][14] Group 3 - In the US market, global mutual fund net inflows into the US equity market were 9.2 billion USD in November, up from 3.8 billion USD in the previous month [3][20] - In the European market, net inflows into the equity markets of the UK, Germany, and France were 0.55 billion USD, 1.17 billion USD, and 1.4 billion USD respectively in November [3][20] - Cumulatively, since 2020, the net inflow into the US equity market has reached 691.5 billion USD [3][20]