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经济基本面向好、资本市场回暖势头日益显现—— 看多中国资产成外资共识
Jing Ji Ri Bao· 2025-08-24 21:55
近期,多家国际投行表示看好中国发展机遇,将中国资产评级由中性上调至超配。同时,多家外资公募 基金加速布局中国资产。业内人士认为,在中国经济基本面向好、金融改革开放不断深化、资本市场回 暖势头日益显现等多重因素影响下,看多中国资产逐渐成为外资机构共识。 今年以来,外资配置人民币资产总体较为稳定。债券方面,目前外资持有境内人民币债券存量超过6000 亿美元,处于历史较高水平;股票方面,上半年外资净增持境内股票和基金101亿美元,扭转了过去两 年总体净减持态势,特别是五六月份净增持规模增至188亿美元,显示全球资本配置意愿增强。 近年来,我国不断完善金融市场互联互通机制,拓展投资渠道、优化投资环境,外资参与中国金融市场 的便利性明显提升。同时,我国已建成比较齐全和有深度的金融市场体系,债券、股票市场的市值均位 居全球第二,金融产品丰富、流动性强,为外资配置人民币资产提供了多样化选择。 路博迈基金首席市场策略师朱冰倩认为,受益于金融制度型开放,中国境内金融市场进一步融入国际金 融体系。今年1月份,中国人民银行联合4部委印发《关于金融领域在有条件的自由贸易试验区(港)试 点对接国际高标准推进制度型开放的意见》,允许外资 ...
中国股票大利好,外资爆买!
国际资本对中国资产的态度正在发生重大转变。 据高盛最新发布的数据,对冲基金以7周来最快速度净买入中国股票,既有多头买入也有空头回补。另 据野村证券的报告,新兴市场基金机构在7月份对印度股市的持仓配置权重大幅下降,而对中国内地和 中国香港的配置权重则大幅增加。 从市场表现来看,8月22日,中国资产全线爆发,沪指涨1.45%,站上3800点,再创10年新高;科创50 指数更是暴涨超8%;恒生科技指数大涨2.7%;美股市场的中国资产亦集体大涨。 展望后市,多家外资机构认为,赚钱效应正在吸引场外资金入市,中国股市还将迎来更强劲的资金流 入,本轮上涨的动力仍然较强,且中国股票的估值仍具备较高的吸引力。 外资爆买 当地时间8月22日,高盛最新发布的报告显示,根据机构经纪数据,对冲基金以7周来最快速度净买入中 国股票,既有多头买入也有空头回补。 与此同时,美股市场的中国资产亦全线大涨,截至美东时间周五收盘,纳斯达克中国金龙指数大涨 2.73%,两倍做多沪深300ETF、三倍做多富时中国ETF均暴涨6.5%,中国科技ETF、两倍做多中国互联 网股票ETF大涨超5%。 中国资产的持续上涨正在吸引更多外资进场。 野村证券最新发布 ...
中国股票大利好!外资,爆买
Zheng Quan Shi Bao· 2025-08-23 13:16
Group 1 - International capital is experiencing a significant shift in attitude towards Chinese assets, with hedge funds rapidly increasing their net purchases of Chinese stocks, marking the highest net buying volume globally in August [1][2] - The Shanghai Composite Index surged by 1.45% on August 22, reaching a 10-year high, while the ChiNext Index saw an increase of over 8%, indicating strong market performance [2][3] - Emerging market funds have significantly reduced their holdings in Indian stocks while increasing their allocations to Chinese A/H shares and the South Korean market [3][4] Group 2 - In June, foreign institutional investors saw a net inflow of $1.2 billion into the Chinese stock market, which further increased to $2.7 billion in July, indicating a growing trend of foreign investment [5] - Korean investors have injected $5.8 billion into Hong Kong stocks this year, surpassing the total for 2024, reflecting strong foreign interest in Chinese assets [5] - The net inflow of foreign capital into A-shares is expected to continue, driven by the potential for significant funds to enter the market, as only 22% of household financial assets are currently allocated to funds and stocks [7][8] Group 3 - The optimism surrounding China's economic growth is rising among fund managers, with expectations for stronger growth reaching the highest level since March 2025 [7] - The current market rally is supported by improved liquidity, with funds shifting from the bond market to equities, and long-term bond yields indicating a positive outlook for the macroeconomic environment [7][8] - Foreign capital inflows are anticipated to accelerate due to attractive stock valuations and the expectation of declining U.S. interest rates, which may redirect funds back to China [8]
中国股票,大利好!外资,爆买!
券商中国· 2025-08-23 12:48
Core Viewpoint - The attitude of international capital towards Chinese assets is undergoing a significant shift, with increased foreign investment and optimism about the Chinese market's future performance [1][8]. Group 1: Foreign Investment Trends - Hedge funds have rapidly increased their net purchases of Chinese stocks, marking the highest net buying volume globally in August, with 90% of hedge funds holding long positions in Chinese stocks [2][3]. - Emerging market funds have significantly reduced their holdings in the Indian stock market while increasing their allocations to Chinese mainland and Hong Kong markets [4][5]. - In June, foreign institutional investors saw a net inflow of $1.2 billion into the Chinese stock market, which further increased to $2.7 billion in July [6]. Group 2: Market Performance - On August 22, Chinese assets experienced a substantial rally, with the Shanghai Composite Index rising 1.45% to surpass 3,800 points, reaching a 10-year high, and the STAR Market 50 Index soaring over 8% [2][3]. - The Hang Seng Technology Index also saw a significant increase of 2.71%, reflecting strong performance across various Chinese asset classes [3]. Group 3: Future Outlook - Analysts predict that the influx of foreign capital into the Chinese market will continue, driven by the attractive valuation of Chinese stocks and the potential for significant liquidity from domestic investors [8][9]. - The Bank of America survey indicates a rising optimism among fund managers regarding China's economic growth, marking the highest level of confidence since March 2025 [8]. - The potential for over 10 trillion RMB in additional capital inflow exists, as only 22% of household financial assets are currently allocated to funds and stocks [8].
外资“狂买”中国资产
Sou Hu Cai Jing· 2025-08-22 07:49
今年以来,A股震荡上行,8月份以来A股市场主要指数更是持续上涨。在此背景下,中国资产吸引力持续上升。 △中国资产吸引力持续上升。(资料图,图片由摄图网提供) 外资加速涌入中国股市 海外投资者对中国股市的兴趣明显增加。 近期,韩国股民狂买中国资产成为热点话题。 根据韩国证券存托结算院(KSD)的最新数据, 截至8月20日,年内投资于中国香港股市的累计交易额已超过58亿美元,仅次于美国市场。 另有统计显示,年内韩国基金对中国股票净买入约4.99亿美元,此前3年累计为净卖出9.85亿美元,这表明韩国投资者对中国市场的配置信心逐步恢复。 投资者看法更积极 Wind资讯数据显示,截至今年8月21日,外资机构(含陆股通、QFII/RQFII,不包括外资私募)持有A股市值约为2.5万亿元,相比2024年年末的2.31万亿 元增长8%,占A股总流通市值的2.72%。 随着韩国个人投资者把目光转向大中华区股市,韩国机构也纷纷通过举办相关活动或发行新产品来吸引客户。比如,新韩投资证券举办了为期一年的"佣 金促销活动",将免除对投资包括中国内地和香港股票在内的新会员在线交易佣金。此外,尤金证券也决定在未来10年内对中国内地和香港股 ...
8700亿爆买港股!中国资产领涨全球
天天基金网· 2025-08-21 11:36
以下文章来源于东方财富Choice数据 ,作者Choice 东方财富Choice数据 . Choice数据是东方财富旗下智能金融数据品牌,是国内领先的金融数据服务商。我们致力于为金融投资 机构、学术研究机构、政务监管、媒体和专业投资者提供金融投资领域多场景解决方案,以及更高效、 更精准的投资决策依据。 7月以来A股加速上涨,上证指数接连突破3600、3700重要关口,创10年新 高。港股继 续刷新年内新高,继续冲击近四年高点。 年初至今,中国资产领涨全球资本市场。截至8月20日,科创100上涨38.21%,中证 2000上涨33.21%,恒生指数、创业板指涨超20%,上证指数、深证成指涨超12%。 8700亿资金爆买港股 南向资金持续加大买入力度,与近期港股的行情密切相关。Choice数据显示,截至8月20 日,南向资金年内累计净流入8760亿元,已超过2024年全年的7470亿元,刷新新的历史 纪录。 今年4月,高盛曾将2025年南向资金净流入预测从750亿美元上调至1100亿美元(约 7900亿人民币),理由是港股吸引力不断增强。国泰海通指出,年内来看南向资金仍有增 配空间,全年南向资金净流入额有望超10 ...
中国资产,跑赢!
Zhong Guo Ji Jin Bao· 2025-08-19 00:24
Market Overview - US stock indices closed nearly flat after a previous rally, with the Dow Jones down 0.08% to 44,911.82, the Nasdaq up 0.03% to 21,629.77, and the S&P 500 down 0.01% to 6,449.15 [2] - The Nasdaq Golden Dragon China Index rose by 0.12% to 7,650.60, while A-shares surpassed a market capitalization of 100 trillion yuan for the first time [6] Chinese Market Performance - A-shares saw a trading volume exceeding 2.8 trillion yuan, with the Shanghai Composite Index reaching a nearly 10-year high [6] - Notable Chinese stocks such as Noah Holdings, Bilibili, Xiaoma Zhixing, and Xpeng Motors increased by 2.37%, 2.03%, 1.07%, and 1% respectively [6][7] - The Chinese entertainment sector, particularly stocks like iQIYI, experienced significant gains, with iQIYI's stock rising by 17.09% due to the popularity of its new series "生万物" [8] Upcoming Events - Major retail companies including Home Depot, Lowe's, Walmart, and Target are set to release earnings reports this week, which are expected to reflect concerns over tariffs, rising inflation, and slowing economic growth [12] - The Jackson Hole Economic Policy Symposium is anticipated to provide insights into future Federal Reserve policies, with market expectations for a nearly 85% probability of a rate cut in September [12] Company-Specific Developments - Novo Nordisk's stock rebounded after the FDA approved a new use for Wegovy, which is now indicated for treating adults with moderate to severe liver fibrosis associated with MASH [14]
海外长钱在路上 瞄准中国核心优势产业
Group 1 - The core viewpoint of the article highlights the increasing interest of foreign investors in Chinese assets, particularly in sectors like innovative pharmaceuticals and technology, driven by China's economic recovery and supportive policies [9][10][12]. - Since the beginning of the second half of the year, foreign institutions have conducted 524 research visits involving 509 A-share companies, with a focus on sectors such as electronic devices, industrial machinery, and integrated circuits [13][14]. - The A-share market has shown significant growth, with the Shanghai Composite Index rising over 11% and the ChiNext Index increasing by over 21% year-to-date, supported by improved economic data and a favorable policy environment [10][11]. Group 2 - Foreign investors are shifting from a cautious stance to actively seeking opportunities in Chinese assets, with increased frequency of due diligence and participation in roadshows [11][12]. - The current influx of foreign capital is primarily from rotational funds, while long-term institutional investors are waiting for clearer signals before making significant investments [12][14]. - The preference of foreign investors has evolved to favor high-dividend stocks and growth stocks in emerging industries, reflecting a changing market structure in response to China's economic transformation [13][14].
中国资产深夜爆发 多股涨超20%!加密货币大跌 13万人爆仓!
Market Performance - US stock indices opened lower and remained in a narrow range, with all three major indices in the red as of the report time [1] - Chinese concept stocks showed strong performance, with the Nasdaq China Golden Dragon Index opening up over 1.2% before narrowing its gains [3] - A-shares reached multiple records, with the Shanghai Composite Index hitting a 10-year high and the total market capitalization of A-shares surpassing 100 trillion yuan for the first time in history [5] Foreign Investment and Asset Allocation - There is an increasing willingness among global capital to allocate to Chinese assets, as indicated by foreign capital increasing its allocation to Chinese assets [6] Cryptocurrency Market - The cryptocurrency market experienced a significant drop, with Bitcoin falling below $115,000 and a 24-hour decline of nearly 3%, while Ethereum and Solana dropped over 6% [8] - Over 130,000 people were liquidated in the past 24 hours, with total liquidations exceeding $500 million [8] - Cryptocurrency-related stocks in the US also saw collective declines, with DeFi Development down over 6% and other major players like Coinbase and MicroStrategy also experiencing losses [8] Federal Reserve Interest Rate Expectations - The market is focused on the upcoming Jackson Hole global central bank conference, with expectations that the Federal Reserve may cut interest rates by 25 basis points in September, with a probability as high as 92% according to interest rate swap traders [10]
中国资产深夜爆发,多股涨超20%,加密货币大跌,13万人爆仓
Sou Hu Cai Jing· 2025-08-18 15:43
Group 1 - US stock indices opened lower on August 18, with the Nasdaq China Golden Dragon Index initially rising over 1.2% before narrowing its gains, indicating a mixed performance in the US market [1] - Chinese concept stocks showed strong performance, with notable gains from iQIYI and Xunlei exceeding 20%, and several other companies like Douyu and Hesai Technology also experiencing significant increases [1] - The A-share market reached multiple records, with the Shanghai Composite Index hitting a 10-year high and the total market capitalization of A-shares surpassing 100 trillion yuan for the first time in history [1] Group 2 - There is an increasing willingness among global capital to allocate to Chinese assets, as indicated by foreign capital increasing its allocation to these assets [2] - The cryptocurrency market experienced a significant downturn, with Bitcoin dropping below $115,000 and a 24-hour decline of nearly 3%, alongside substantial losses in other cryptocurrencies [3] - The upcoming Jackson Hole global central bank conference is a focal point for the financial markets, with expectations that the Federal Reserve may lower interest rates by 25 basis points in September, with a 92% probability according to interest rate swap traders [3]