时报观察丨主动外资转向净流入 人民币资产吸引力提升

Core Viewpoint - The net inflow of active foreign capital indicates foreign investors' confidence in investment opportunities within the A-share market [2]. Group 1: Active Foreign Capital Inflow - From August 14 to August 20, active foreign capital saw a net inflow of 1.4 billion yuan, marking the first net inflow since mid-October 2024 [2]. - The A-share market has shown high investment value, with the Shanghai Composite Index rising by 15.87% this year, outperforming major global indices like Nasdaq and S&P 500 [2]. - In August, the CSI 300 Index increased by 9.81%, and the Shanghai Composite Index rose by 8.66%, ranking third and fourth in global asset performance [2]. Group 2: Global Asset Diversification - The demand for global asset diversification has created favorable conditions for foreign investment in China, with the stability of the renminbi enhancing its appeal as a risk diversification asset [2]. - A survey of 75 central banks revealed that 30% plan to increase their allocation to renminbi assets, indicating growing interest in Chinese investments [2]. Group 3: Overall Foreign Investment Trends - Recent data from the State Administration of Foreign Exchange shows that foreign investment in domestic stocks has improved, with a net increase of 10.1 billion USD in the first half of the year, reversing a two-year trend of net reductions [3]. - The net increase in foreign holdings reached 18.8 billion USD in May and June, reflecting a stronger willingness among global capital to allocate to China's domestic stock market [3]. - As the investment value of Chinese assets becomes more apparent and the level of openness continues to rise, it is expected that more foreign capital will flow into China [3].