【申万宏源策略】全球市场基金对中国股市配置回升至中性水平——全球资产配置资金流向月报（2025年10月）

Core Viewpoint - Global market funds' allocation to the Chinese stock market has returned to a neutral level, indicating a potential stabilization in investor sentiment towards China [2] Group 1: Market Trends - The allocation of global market funds to China has increased, reflecting a recovery in confidence among international investors [2] - The current allocation level is considered neutral, suggesting that investors are reassessing their positions in the Chinese market [2] Group 2: Fund Flows - There has been a notable inflow of capital into Chinese equities, which may signal a shift in investment strategies among global funds [2] - The report highlights that this trend could lead to increased volatility in the Chinese stock market as funds adjust their positions [2]