Core Insights - As of the end of Q3, northbound capital held A-shares worth 2.58 trillion yuan, marking increases of 12.9% and 15.59% compared to the end of Q2 and Q1 respectively [1] - This represents the third consecutive quarter of growth in northbound capital holdings, with a total increase of over 340 billion yuan in the first three quarters of this year [1] Industry Distribution - The MSCI China A50 Connect Index shows a high similarity in holdings distribution with northbound capital [1] - Key sectors represented in the holdings include electronics, banking, food and beverage, and electrical equipment [1] Top Holdings - The top ten stocks held by northbound capital are Zijin Mining, CATL, Industrial Fulian, Kweichow Moutai, Haiguang Information, BYD, Cambricon Technologies, Heng Rui Medicine, China Merchants Bank, and Luxshare Precision [1]