China policy support seen drawing fresh capital into markets in Q4

The framing here matters more than the flows themselves: policy support is being presented as the catalyst that pulls in medium- and long-term money, not retail speculation. If insurance and social security funds are genuinely acting as a stabilizing anchor, that changes the character of Chinese market liquidity — slower, stickier, less prone to sharp reversals than margin-driven moves. The open question is whether foreign allocation channels keep widening alongside domestic institutional entry, since that combination, not either alone, would signal a durable shift in the investor base.