上周，外国上市的新兴市场ETF接收了约387亿美元资金，这一数字创下了自去年12月以来的新高。特别值得关注的是，在这波热潮中，专注于全球发展中国家投资以及特定国家的投资基金共计获得了超过387亿美元的资金流入。其中，四只主要投资于中国股票的交易所交易基金（ETF）收到了近144亿美元的资金，这是自2022年以来的最高纪录。
这一现象体现了投资者对中国经济刺激措施恢复市场信心的信心增强。根据TMX VettaFi研究部门负责人，这表明“投资者对于中国政府推出的刺激政策可能会带来股市上涨持乐观态度”。
中国股票市场本周表现极为强劲，实现了连续9天上涨的惊人逆转。在临近一周长假前的交易日中，股价上涨了8.5%，这一涨幅自2008年以来未曾有过。
促使这一反弹的关键因素之一是三大城市对中国购房者的政策松绑，以及央行降低房贷利率的动作。这些措施都是中国政府上周推出的一揽子全面刺激计划的一部分，包括降息、增加银行资金流动性以及支持股市的举措。
中国市场的回暖已经带动了全球投资情绪提振，尤其是新兴市场。另外，针对购房的最新宽松政策还推动了商品价格上扬，铁矿石在本周一上涨近11%，这与市场对中国试图缓解房地产问题将提高全球最大钢铁原料消费国的需求预期相符。
迪拜22V研究公司的总裁及首席市场策略师指出，“此次反弹是由于中国人民银行和财政部门实施的刺激措施远超预期，从而改善了中国市场的整体情绪”。
需要注意的是，一些在多数时间里处于低谷的投资人开始重返中国股市。此前几周，一些关注中国的ETF面临资金流出情况；然而，这一趋势已在上周逆转，并影响到了全球市场，激励了新兴经济体的风险偏好。
优化后的中文内容力求保持原文的核心信息，同时尽量使之适合中国读者的阅读习惯，确保翻译准确且精炼。
新闻来源：www.bloomberg.com
原文地址：China Stocks Euphoria Fuels Surge in Emerging-Market ETF Flows
新闻日期：2024-09-30
原文摘要：
Money managers plowed cash into exchange-traded funds that buy Chinese stocks last week as a wave of fresh stimulus measures in the Asian giant boosted confidence in the country’s battered stock market.Inflows to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $3.87 billion last week — the biggest weekly inflow since December. Four leading ETFs that invest in Chinese stocks received about $1.44 billion in cash, the most since 2022.Among those funds, the and recorded $516 million and $497 million of inflows, respectively. The also saw a rebound of inflows, totaling $271 million last week, while the iShares MSCI China ETF received over $160 million.“The strong recent net inflows into China ETFs is a sign of optimism that the government’s stimulus efforts could result in stock market gains,” , head of research at TMX VettaFi.Chinese stocks extended one of their most remarkable turnarounds in history on Monday, soaring for a ninth straight day as traders rushed to buy shares in the last session before a week-long holiday. The jumped 8.5% today, the most since 2008.The extended rally came after three of China’s largest cities relaxed rules for homebuyers, while the central bank also moved to lower mortgage rates. The latest measures were among the key elements of a sweeping stimulus package released last week that also included interest rate cuts, freeing-up of cash for banks and liquidity support for stocks.“The rebound is entirely related to the much greater than expected stimulus measures from the PBOC and fiscal authorities,” said , president of 22V Research and chief market strategist. “The much stronger than expected stimulus has started to improve sentiment toward Chinese markets.”The euphoria has brought back investors who had been underweight China for most of the year. Chinese ETFs had seen weeks of outflows before recording inflows over the past week. And the impact has been spreading globally, fueling risk-on sentiment across the developing world. The latest measures to ease rules for homebuyers also sent commodities higher on Monday, with iron ore jumping almost 11% as investors bet that China’s efforts to ease property woes will improve demand from the world’s top consumer of the steel-making ingredient.“The ferocity of the stock market rally is perhaps more a measure of just how beaten up expectations were rather than how transformative the stimulus package, on its own, will be for the fundamentals of the economy,” said , emerging market equity strategist at Tellimer in Dubai.Following are tables detailing net flows for emerging-market ETFs in US dollars. The data include the holdings-weighted allocations from multi-country funds, as well as country-specific funds. Latest and historic flows are allocated using latest fund weightings (figures in USD millions unless otherwise stated):
