Policy Intensification Sets Stage for Increased Capital Inflows in Q4

Entering the fourth quarter, with continued policy support and a recovering economic fundamentals, capital from multiple sources continues to flow into the market. On one hand, medium-to-long-term funds such as insurance companies and social security funds are accelerating their entry, acting as a stabilizing anchor for the market; on the other hand, trading-oriented funds like margin financing and short selling continue to pour in. Meanwhile, foreign investors are opening channels to increase their holdings.