Overall, QFII continues to increase their holdings in A-shares, with more than 120 individual stocks experiencing increased holdings in the third quarter.

Since the introduction of the Qualified Foreign Institutional Investor (QFII) system in 2002, QFII has become one of the important channels for foreign capital to enter the A-share market, and its stock selection preferences, investment styles, and asset allocation strategies are significantly different from mainland funds. Securities Times reporters have found that the investment style of European and American foreign investment banks QFII is more focused on asset allocation - holding a portfolio of stocks, with as many as hundreds of them; Middle Eastern sovereign wealth funds such as the Abu Dhabi Investment Authority generally hold individual stocks for the long term, such as Zijin Mining, Hengli Hydraulic, etc., with no lack of short-term trading; The Bill and Melinda Gates Foundation's holdings of A shares tend to favor small-cap stocks. Statistics show that as of October 30th, in the third quarter of this year, Morgan Stanley, the Abu Dhabi Investment Authority, JPMorgan Chase, Macau Monetary Authority and other QFII have continued to increase their holdings in A shares despite some short-term trading in their holdings. In the third quarter, at least 121 individual stocks received increases in holdings, with the industries with the most increases not being the semiconductor sector, but the electrical equipment, machinery, hardware equipment, and chemical industries.