Market Overview - The overall trading heat in the market has significantly increased, with a notable inflow of financing funds. The average daily trading volume in the A-share market rose from 1.2 trillion to 1.5 trillion, and the turnover rate of the Shanghai Composite Index increased to the 85th percentile [1] - The proportion of stocks that rose increased to 88.6%, with the median weekly return for all A-shares rising to 4.4% [1] Fund Flow Analysis - Public funds saw a decrease in new issuance scale to 15.904 billion, while private equity confidence index slightly declined with a small increase in positions [2] - Foreign capital experienced a net outflow of 370 million USD, with northbound trading volume dropping to 11.0% [2] - The net inflow of financing reached 25.6 billion, with the total margin balance rising to 1.8 trillion [2] Industry Allocation - In the non-bank financial sector, there was a clear divergence in fund flows, with financing funds flowing in while ETF funds flowed out. The computer sector saw a net inflow of 4.94 billion, while real estate experienced a net outflow of 240 million [3] - The banking and pharmaceutical sectors saw net inflows of 1.57 billion and 600 million respectively, while non-bank financials faced a net outflow of 4.03 billion [3] Hong Kong and Global Fund Flow - Southbound funds saw a net inflow of 28.4 billion, reaching the 96th percentile since 2022. The Hang Seng Index rose by 3.2% during this period [4] - Developed markets generally received net inflows of foreign capital, with the UK and Japan leading with inflows of 1.01 billion and 910 million respectively [4]