本报（chinatimes.net.cn）记者耿倩 上海报道 外资公募持续加码中国市场的信号再度释放。天眼查工商变更信息显示，富达基金管理（中国）有限公 司（下称"富达基金"）完成新一轮增资，注册资本由1.82亿美元增至2亿美元，增幅接近10%。 值得注意的是，这是该公司年内第二次获得增资，也是2021年5月成立以来的第六轮资本注入。其注册 资本从最初的3000万美元，增至如今的2亿美元，四年间增幅超过五倍。 在星图金融研究院研究员武泽伟看来，外资公募持续增资，释放了其坚定看好并致力于深耕中国市场的 强烈信号。他对《华夏时报》记者表示，这既表明了外资公募对中国资本市场长期健康发展的坚定信 心，也是其应对中国公募行业日益激烈竞争的战略举措，即通过增资来增强资本实力，以支持业务拓 展、投研体系建设和人才投入，从而提升市场竞争力。 年内两度增资，注册资本四年增长超五倍 外资公募富达基金年内第二次获得资本注入。天眼查显示，富达基金注册资本由1.82亿美元增至2亿美 元，增幅为9.89%，信息更新时间为2025年11月11日。 作为富达国际在中国的全资公募基金平台，富达基金此次已是今年第二次增资。今年2月，该公司已完 ...

Group 1 - MSCI announced the results of its index review for November 2025, including the addition of 26 Chinese stocks to the MSCI China Index and the removal of 20 stocks [3][10][12] - The newly added stocks include several resource companies and technology firms in sectors such as semiconductors and high-end manufacturing, such as China Gold International (H-share) and Ganfeng Lithium (H-share) [7][9] - The stocks removed from the MSCI China Index include notable companies like Dong-E E-Jiao and Haier Smart Home [12] Group 2 - The MSCI China A Onshore Index also saw adjustments, with 17 stocks added and 16 stocks removed, including companies like Qianli Technology and Shanghai Electric [13][14] - Foreign investment institutions remain optimistic about A-share markets and Chinese innovative companies, with recommendations to focus on high-quality private enterprises and sectors with strong cash flow [15][16] - The potential for overseas funds to flow back into emerging markets, including A-shares, is highlighted, especially in light of the ongoing interest rate cuts by the Federal Reserve [16]

Group 1 - MSCI announced the results of its index review for November 2025, with 26 Chinese stocks being added to the MSCI China Index and 20 stocks being removed, effective after the market close on November 24, 2025 [1][4][7] - The MSCI China Index is significant as it includes stocks that enter the MSCI Global Standard Index series, attracting substantial passive investment [3][4] - The newly added stocks include various resource companies and technology firms, such as China Gold International (H-share), Zijin Mining International (H-share), and Ganfeng Lithium (H-share) [4][6] Group 2 - The MSCI China Index removed 20 stocks, including notable companies like Dong-E E-Jiao and Haier Smart Home [7][8] - In addition to the MSCI China Index, the MSCI China A Onshore Index also saw adjustments, adding 17 stocks and removing 16 [8][9] - Foreign investment institutions remain optimistic about A-shares and Chinese innovative companies, with a focus on sectors like artificial intelligence and aerospace [10]

Group 1 - The core viewpoint of the article emphasizes the clear path outlined for China's socio-economic development over the next five years, aligning with investment opportunities in sectors such as artificial intelligence, aerospace, low-altitude economy, and innovative consumption [1][2] - The policy framework proposed includes a dual focus on industry and technology, highlighting the need for a modern industrial system and high-level technological self-reliance, which supports advancements in high-end manufacturing and technological innovation [1] - The announcement of the "strong aerospace nation" goal marks a significant policy endorsement for achieving major milestones like manned lunar landings during the 14th Five-Year Plan period [1] Group 2 - The strategy emphasizes the importance of expanding domestic demand while fostering innovation in supply, aiming to create new market opportunities for China's robust manufacturing capabilities [2] - The policy also encourages international market expansion through trade innovation and high-quality Belt and Road initiatives, which aim to alleviate internal competition pressures by promoting global capacity distribution [2] - The focus on safety and governance includes strengthening the national security system and advancing the modernization of defense and military, which is essential for the sustainable development of self-reliant and innovative industries [2]

Market Overview - The Hong Kong stock market showed a strong performance with all three major indices rising, including the Hang Seng Index up by 0.74% to 26,160.15 points, and a weekly increase of 3.62% [2] - The Hang Seng Technology Index rose by 1.82% to 6,059.89 points, with a weekly gain of 5.2% [2] - The Hang Seng China Enterprises Index increased by 0.68% to 9,363.94 points, marking a weekly rise of 3.91% [2] - Southbound capital recorded a net inflow of 3.214 billion HKD [2] Semiconductor Industry Performance - The semiconductor sector experienced a significant rally, with the Wind semiconductor industry index rising by 8.33% [9] - Notable stocks included Huahong Semiconductor, which surged by 13.73%, ASMPT up by 8.11%, and SMIC increasing by 8.04% [11] - The overall trend in the semiconductor industry is driven by AI technology breakthroughs and inventory cycle recovery, with a favorable outlook for domestic substitution in China [12] Key Stock Movements - Among the Hang Seng Index constituents, 61 stocks rose while 22 fell, with SMIC leading the blue-chip gains [4] - The top gainers included: - Huahong Semiconductor: 13.73% increase, current price 82.40 HKD [12] - ASMPT: 8.11% increase, current price 90.00 HKD [12] - SMIC: 8.04% increase, current price 80.00 HKD [12] - The financial IC index rose by 13.63%, and the integrated circuit industry fund index increased by 9.03% [6] Economic Outlook - Deutsche Bank raised its GDP growth forecast for China to 5.0% for the year, citing industrial and export growth as key drivers [15] - The report highlighted the need for policy stimulus to address weaknesses in consumption and investment, with a focus on real estate stabilization and consumer confidence recovery [15]

Market Performance - The Hong Kong stock indices all rose on October 24, with the Hang Seng Index increasing by 0.74% to 26,160.15 points, marking a weekly gain of 3.62% [1][2] - The Hang Seng Tech Index rose by 1.82% to 6,059.89 points, with a weekly increase of 5.2% [1][2] - The Hang Seng China Enterprises Index increased by 0.68% to 9,363.94 points, achieving a weekly gain of 3.91% [1][2] - Southbound funds recorded a net inflow of HKD 3.214 billion [1] Stock Performance - Among the Hang Seng Index constituents, 61 stocks rose while 22 fell [2] - Notable gainers included SMIC, which rose by 8.04%, China Hongqiao by 4.29%, and WuXi AppTec by 3.95% [2][3] - The semiconductor sector showed strong performance, with the semiconductor industry index rising by 8.33% [6][12] Sector Analysis - The semiconductor industry is experiencing a robust uptrend, driven by domestic substitution and industry recovery [6] - The Wind concept sector saw most indices rise, with the financial IC index up by 13.63%, integrated circuit industry fund index up by 9.03%, and integrated circuit index up by 8.59% [4] - The Hang Seng Tech Index constituents had 26 stocks rising and 4 falling, with Huahong Semiconductor leading with a gain of 13.73% [4][12] Economic Outlook - Deutsche Bank raised its GDP growth forecast for China to 5.0% for the year, citing industrial and export growth as key drivers [15] - The report highlighted the need for policy stimulus to address weak consumption and investment, while also noting the potential impact of external factors like US-China trade relations on exports [15]