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a-shares continued to surge. last week, the shanghai composite index rose by 12.81%, the largest single-week increase in the past 16 years since november 2008. overseas market sentiment also showed a v-shaped reversal.

"the current sentiment of foreign clients is 'abc' - 'all-in buy china'. this change has been very obvious in the past week. hedge funds poured in first, and long-term funds may follow. i have to increase my position," an overseas hedge fund official told reporters.

overseas a-share trading desk capital flows hit record high

china business news reporter learned that goldman sachs' overseas traders mentioned in a client call that the total turnover of the a-share market exceeded 1.1 trillion yuan for two consecutive days - the last time was on may 6. that said, market sentiment may have reached its highest level in the past year.

"the capital flow of our a-share trading desk also reached a record high on wednesday. from september 24 to september 26, the a-share trading desk was overall 1.6 times biased towards buying (1.3 times for long-term funds and 1.8 times for hedge funds). , overall, buying is more driven by hedge funds, and some long-term investors who have not been active in china for a long time are also returning to chase the rally," goldman sachs said.

fund inflows were mainly in three themes - high dividends, mainly banks and non-ferrous metals: hedge funds saw significant inflows into bank stocks, mainly small and medium-sized banks. long-term capital inflows are less in banks and more concentrated in non-ferrous metals (china aluminum, capital mining); growth stocks are mainly batteries and gem heavyweight stocks, among which catl is so far in the press release on september 24 the most purchased stocks after the meeting, both long-term funds and hedge funds contributed greatly; consumer stocks were dominated by liquor/home appliances: the capital inflow to moutai was more short covering than long-term funds. in the past three days, this was the result of hedge funds. the a-share trading desk is the most purchased stock, but long-term funds have not yet bought it.