Group 1 - In September, foreign capital inflow into the Chinese stock market rebounded to $4.6 billion, the highest monthly figure since November 2024, primarily driven by passive fund inflows of $5.2 billion, while active funds saw an outflow of $600 million [1] - As of September 30, the cumulative inflow of foreign passive funds for the year reached $18 billion, surpassing the $7 billion for the entire year of 2024 [1] - The cumulative outflow of foreign active funds for the year was $12 billion, showing a significant slowdown compared to the $24 billion outflow in 2024 [1] Group 2 - Retail investor participation in China's A-shares has increased, with the scale of equity public funds growing, although the growth of private funds and foreign passive inflows has slowed [1] - Active fund managers increased their holdings in the capital goods and semiconductor sectors the most in September, while reducing their holdings in the insurance, durable consumer goods, and apparel sectors [1] - Companies such as Alibaba-W (09988), CATL (300750), and JD.com-SW (09618) received the most increases in holdings, while Tencent (00700) was among those with the largest reductions [1]