The turnover of A-shares remained around 1.6 trillion yuan for 3 consecutive trading days, which may reflect a “new steady state” in terms of capital. The market showed a sharp decline yesterday. As shown from the side, the enthusiasm for short-term trading capital began to cool down after the heat of late September and early October. So, how much incremental capital will relay into the market in the future? Recently, there has been an overall recovery in A-shares. At one point, the turnover exceeded 3 trillion yuan, reaching a record high, and there is also a clear trend in the volume of various types of capital. As China's asset revaluation market, driven by a “policy punch,” entered the second phase, transactional capital also gradually calmed down from an “overheated” state. According to statistics, the short-term net inflow of capital was 31.3 billion yuan last week. Judging from the trend, the net inflow of retail capital narrowed in the second half of the week and turned to a net outflow last Friday. The net inflow of financing capital last week was about 1409 billion yuan. Activity rose to 11% for two consecutive trading days, and activity reached a record high since 2021 on October 9, but activity fell below 10% in the second half of the week.

The turnover of A-shares remained around 1.6 trillion yuan for 3 consecutive trading days, which may reflect a “new steady state” in terms of capital. The market showed a sharp decline yesterday. As shown from the side, the enthusiasm for short-term trading capital began to cool down after the heat of late September and early October. So, how much incremental capital will relay into the market in the future? Recently, there has been an overall recovery in A-shares. At one point, the turnover exceeded 3 trillion yuan, reaching a record high, and there is also a clear trend in the volume of various types of capital. As China's asset revaluation market, driven by a “policy punch,” entered the second phase, transactional capital also gradually calmed down from an “overheated” state. According to statistics, the short-term net inflow of capital was 31.3 billion yuan last week. Judging from the trend, the net inflow of retail capital narrowed in the second half of the week and turned to a net outflow last Friday. The net inflow of financing capital last week was about 1409 billion yuan. Activity rose to 11% for two consecutive trading days, and activity reached a record high since 2021 on October 9, but activity fell below 10% in the second half of the week.