外资果然爆买。 据摩根士丹利最新发布的报告，今年9月份，净流入中国股市的外资反弹至46亿美元（约合人民币327亿 元），创下自2024年11月以来单月最高。截至9月30日，年内外资被动型基金累计流入180亿美元（约合 人民币1280亿元）。其中，主动经理增持最多的是半导体等板块。 回到市场层面，港股半导体板块近期持续走强，10月首个交易日，中芯国际暴涨超12%。今日港股开盘 后，中芯国际、华虹半导体股价逆势走强，盘中均创出历史新高。有券商机构指出，下半年通常是国产 科技行业的技术发布、新品迭代的密集周期，半导体、AI应用、AI算力等方向确定性持续增强。 外资爆买 10月3日消息，摩根士丹利称，今年9月份，净流入中国股市的外资反弹至46亿美元，创下自2024年11月 以来单月最高，主要得益于被动型基金52亿美元的流入，主动型基金则小幅流出6亿美元。 摩根士丹利分析师Chloe Liu等人在报告中表示，继7月中旬以来美国基金大举流入中国股市之后，9月 欧盟被动型基金也开始追赶。截至9月30日，年内外资被动型基金累计流入180亿美元，已超去年70亿美 元的水平。 种种迹象表明，外资正在重估中国资产。据摩根士丹利此前 ...

高盛认为，美联储降息、美元走弱和资金流入维持了有利的宏观环境，且第四季度通常具有季节性利好 效应。高盛将MSCI新兴市场指数12个月目标位从1370点上调至1480点，意味着有约10%的上涨空间。 在人工智能、科技和政策改革驱动下，继续超配中国和韩国市场。 高盛9月24日发布的研报显示，在宏观利好、仓位趋势和有利的季节性因素推动下，新兴市场股票和货 币今年底前将上涨。 高盛还表示，新兴市场货币过去一个月走强，这一趋势将持续，套利交易、美元周期性动态以及新兴市 场股票的优异表现都支持其进一步上涨。 ...

Core Viewpoint - The article discusses the evolving career paths of sell-side analysts in the financial industry, highlighting the trend of analysts transitioning to diverse fields, particularly in education and self-media, as a response to industry changes and personal career aspirations [2][3][6]. Group 1: Analyst Career Transitions - Analysts are increasingly moving from traditional sell-side roles to various sectors, including education and entrepreneurship, as seen in the case of Zhou Hanyang from Zhongtai Securities, who transitioned to the education sector [2][3][5]. - Zhou Hanyang's shift to education reflects a broader trend where professionals leverage their industry expertise in new contexts, indicating a growing acceptance of cross-industry transitions [5][6]. - The movement of analysts into education and self-media is seen as a response to regulatory changes and market dynamics, with many seeking more stable and fulfilling career paths [3][6][8]. Group 2: Industry Dynamics - The education sector, particularly after the "double reduction" policy, is stabilizing and evolving, providing new opportunities for professionals from other industries [3][5]. - The sell-side research industry is experiencing significant personnel changes due to factors such as public fund fee reforms and heightened competition, leading to a dynamic environment for talent movement [8][9]. - Analysts with industry backgrounds are perceived to have an advantage in niche markets, as they can apply their knowledge and skills in new areas, enhancing their career prospects [3][4]. Group 3: Future Outlook - The sell-side research industry is expected to undergo a phase of cleansing, but the demand for specialized research will persist, creating opportunities for those with strong professional capabilities [9]. - The trend of analysts exploring non-traditional career paths is likely to continue, reflecting a shift in personal and professional priorities within the industry [6][8].