Analysts: A-share market valuation offers rising allocation value

The significance here lies less in the valuation argument itself than in the mix of signals being cited together: sustained ETF inflows, corporate buybacks, major-holder purchases and upbeat third-quarter profit forecasts. That combination suggests domestic long-term money is treating the pullback as an entry point rather than an exit, which is the kind of behavior that can put a floor under sentiment even without a catalyst. What remains open is whether these flows persist if the adjustment continues — buybacks and holder purchases are discretionary and can slow quickly. The profit-growth forecasts are the other variable worth tracking, since they underpin the valuation case.