Morgan Stanley(US:MS) 财联社·2025-09-11 10:37Core Viewpoint - American investors' interest in Chinese stocks is at a five-year high, with their return to the Chinese market just beginning [1][4]. Group 1: Investor Sentiment - Over 90% of investors expressed a willingness to increase exposure to the Chinese market, marking the highest level since early 2021 [3]. - The interest from American investors extends beyond U.S.-listed Chinese stocks to onshore A-shares, with quantitative and macro funds increasing investments through ETFs and index futures [5]. Group 2: Market Conditions - Chinese policymakers are gradually taking steps to stabilize the economy and boost the stock market, suggesting that the worst period may be over [5]. - The Shanghai Composite Index has rebounded over 40% since last September, with a nearly 19% increase this year, raising hopes for a slow bull market [5]. Group 3: Recent Data - In August, foreign investors injected nearly $45 billion into emerging market stocks and bonds, with $39 billion flowing into Chinese bonds and stocks [6]. - Global hedge funds recorded the highest net purchases of Chinese assets since September of last year, with total positions reaching a two-year high [7].