突然涌入！中国股市，传来大消息！

Core Viewpoint - The Chinese stock market is experiencing a significant influx of capital, with A-shares rising for three consecutive days and foreign capital accelerating its net inflow into the market in July [1][2]. Group 1: Capital Inflow - Foreign capital accelerated its net inflow into the Chinese stock market in July, with passive funds inflowing $3.9 billion and active funds outflowing $1.2 billion, resulting in a total net inflow of $2.7 billion for July, up from $1.2 billion in June [2]. - As of August 5, the financing balance in the A-share market reached 1.9863 trillion yuan, an increase of 8.706 billion yuan from the previous trading day, marking a recovery to levels not seen in July for the past decade [1][3]. Group 2: Market Activity - The number of new A-share accounts opened in July approached 2 million, reaching 1.9636 million, a year-on-year increase of 71% and a month-on-month increase of over 19% [5]. - The Baidu search index for stocks surged from 1,709 on August 3 to 14,868 on August 4, indicating a significant increase in public interest in the stock market [5]. Group 3: Market Dynamics - Analysts suggest that the current market is primarily driven by capital, with major stock indices' risk premiums falling below historical averages, indicating a potential for continued valuation expansion [6][8]. - Historical patterns show that periods when stock market risk premiums fall below "mean -1 standard deviation" are not uncommon, often lasting several months, suggesting that the current market dynamics may follow a similar trajectory [8].