QFII holds 1504 A-share companies worth RMB 270.7B at end of Q3

The scale of the year-on-year jump in both share count and market value suggests QFII positioning expanded well beyond what price appreciation alone would explain, pointing to genuine accumulation by foreign institutions. The concentration in electronics and banking — each above RMB 80 billion — signals that licensed foreign money is gravitating toward sectors with distinct risk profiles: one growth-oriented, one defensive. Whether that twin concentration persists, and whether the 480 new additions reflect broadening conviction or one-off rebalancing, is the open question worth tracking into the next reporting period.