<p>Since the &#34;924&#34; new policy, the Chinese stock market has experienced an epic surge.</p><p>On September 30th, the last trading day before the National Day holiday, the two major benchmark indexes of A-shares achieved the largest increase in sixteen years, with a total turnover of nearly 2.6 trillion, setting a historical record.</p><p>For the whole month of September, the Shanghai Composite Index rose by 17.39%; the Shenzhen Component Index rose by 26.13%; the ChiNext Index rose by 37.62%, setting a historical record for single-month increase; and the CSI 300 Index rose by 23.06% this month. As for the Hong Kong stock market, the Hang Seng Index rose by 17.48% this month; the Hang Seng TECH Index rose by 33.45%; and the Hang Seng China Enterprises Index rose by 18.62%.</p><p>Goldman Sachs' latest nine charts will help you understand this record-breaking rebound in the Chinese stock market!</p><h2>Last week until the 30th, the Chinese stock market saw one of the strongest weekly return rates ever</h2><p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/502e33b7-3db6-4f8e-9ab1-bb8389b5da3b.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/502e33b7-3db6-4f8e-9ab1-bb8389b5da3b.png"/></p><h2>Hong Kong stock trading volume soared to $54 billion, hitting a new all-time high</h2><p>On September 30th, the trading volume in Hong Kong was 4.7 times the 52-week Sunday average.</p><p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6b727420-3551-47b3-a3b6-a44e5159b0bb.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6b727420-3551-47b3-a3b6-a44e5159b0bb.png"/></p><h2>On September 30th, A-share turnover reached a record high of 2.6 trillion yuan</h2><p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/0aa9de79-f4a7-4be4-bc15-4b9bfdd436d9.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/0aa9de79-f4a7-4be4-bc15-4b9bfdd436d9.png"/></p><h2>Last week, the margin buying volume of A-shares surged, and retail participation is on the rise</h2><p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/94dc40c9-647f-4cab-8a0e-61934112206f.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/94dc40c9-647f-4cab-8a0e-61934112206f.png"/></p><h2>Southbound funds flowed into Hong Kong stocks, with new funds inflow of $1.56 billion, the second largest inflow this year</h2><p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c1c7b4cb-d97e-4357-ae0f-3c711cadfefb.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c1c7b4cb-d97e-4357-ae0f-3c711cadfefb.png"/></p><h2>Hong Kong stock trading volume hit a new all-time high, mainly driven by overseas macro hedge funds buying</h2><p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/62de847c-0aa0-4651-9bd8-2d00bbdf5542.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/62de847c-0aa0-4651-9bd8-2d00bbdf5542.png"/></p><h2>In the past week, Chinese stocks saw the largest weekly net buying on record</h2><p>Goldman Sachs pointed out that this market rally is almost entirely driven by long positions, with single stocks accounting for 71% of the nominal net buying.</p><p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5364d9d8-5c0a-4da9-8d01-ac38c6030c0f.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5364d9d8-5c0a-4da9-8d01-ac38c6030c0f.png"/></p><h2>Driven by the Chinese market, the largest net inflow in the broader Asian market ever has also emerged</h2><p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8879221e-a7f2-402d-868d-02ef55aa6383.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8879221e-a7f2-402d-868d-02ef55aa6383.png"/></p><h2>MSCI China Index outperforms MSCI World Index</h2><p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/bf884e81-0fe7-456a-83e1-30a9595fcd7e.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/bf884e81-0fe7-456a-83e1-30a9595fcd7e.png"/></p>

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<p>In the past week, Chinese stocks saw the largest weekly net buying since records began. According to Goldman Sachs, the rise was driven almost entirely by long positions, with a single stock accounting for 71% of the nominal net buying. Trading volume in Hong Kong stocks hit a historic high, mainly driven by purchases from overseas macro hedge funds</p>

- Since the "924" policy, China's stock market has experienced unprecedented growth, with A-shares reaching their largest increase in 16 years on September 30.  
- In September, the Shanghai Composite Index rose by 17.39%, while the Shenzhen Component surged by 26.13%, and the ChiNext Index skyrocketed by 37.62%.  
- Hong Kong's trading volume also hit a record high, with significant inflows from overseas hedge funds, indicating strong bullish sentiment in the market.

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SSE Index

Hang Seng Index

NASDAQ Golden Dragon China Index

With an average trading volume of 4.7 times, increasing participation of retail investors... Understand the record-breaking rebound of the Chinese stock market with nine charts!