中国股票策略 - 中国自由流动性与 MSCI 中国同比变化对比China Equity Strategy -China Free Liquidity vs. MSCI China YoY Change

October 26, 2025 09:00 PM GMT China Equity Strategy | Asia Pacific China Free Liquidity vs. MSCI China YoY Change Exhibit 1: MS China Free Liquidity Indicator vs. MSCI China YoY % – Free liquidity remains stable in September, the fourth consecutive positive month (since June) Key Takeaways MS Estimated China Free Liquidity, RHS China Free Liquidity, YoY Chg%, RHS MSCI China, YoY Chg% Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 ...