Recently, some foreign institutions have raised their expectations for the Chinese economy and expressed a bullish outlook on the Chinese stock market. Foreign institutions claim that the intensive implementation of the "combination punch" policy in the Chinese capital market, the marginal improvement of the Chinese economy, and the relatively low valuation of A-shares are the main reasons why they are bullish on the Chinese stock market. In the view of industry insiders, the continuous promotion of China's capital market opening up by relevant departments will further enhance the attractiveness of A-shares to foreign institutions. Looking bullish on the Chinese stock market, according to recent macro strategy reports, many foreign institutions generally show a positive attitude towards the future market of A-shares. Now is a favorable stage for reconfiguring the global stock investment portfolio, especially considering that the valuation of the Chinese A-share market is hovering at historical lows, "said Lubbomai Group. By observing the medium to long term Chinese economy, new opportunities will emerge in the Chinese capital market, "said Su Bowen, head of global macro research at Nomura Securities and co head of global market research. Multiple institutions predict that the Chinese stock market may have bottomed out and Chinese stocks are expected to improve in the fourth quarter, suggesting a strategic increase in holdings. The Chinese stock market may have bottomed out and some signals have appeared, "said Wang Zonghao, head of China Equity Strategy Research at UBS. With a series of policy support, especially some policies exceeding expectations, the market is expected to receive a boost. JPMorgan Chase expects a significant increase in the CSI 300 index in the fourth quarter. Mu Tianhui, Chief Equity Strategy Analyst at Gaosheng Asia Pacific, said that Chinese stocks are expected to improve in the fourth quarter, and in the medium term, the MSCI China Index is expected to achieve a return of about 15% in the next 12 months. Goldman Sachs has advised clients including traditional and hedge funds to strategically increase their holdings in Chinese stocks. Raising China's economic forecast is optimistic about the performance of the Chinese stock market, while several foreign institutions such as Goldman Sachs and JPMorgan Chase have successively raised their forecasts for China's GDP growth rate in 2023. Goldman Sachs predicts that under the three driving factors of inventory cycle, policy support, and steady export recovery, China's economic growth rate will reach 5% in the fourth quarter, and is expected to grow by 5.4% for the entire year. Xiong Yi, Chief Economist of Deutsche Bank Group in China, predicts that China's economic growth rate is expected to reach 5% in the fourth quarter, and the annual GDP growth rate is 5.1%. JPMorgan Chase and ANZ both raised China's economic growth rate by 0.2 percentage points for the entire year, with an expected growth rate of 5% and 5.1%, respectively. Multiple policy measures have played a role and the Chinese economy will further improve in the fourth quarter, "said Mu Tianhui. Real estate trading volume is rebounding, and financial and retail sales data are better than expected, which is expected to boost investor confidence. The gradual implementation of high-level opening measures in the capital market has made it increasingly attractive to foreign institutions. Continuously optimizing the layout of open variety business, we need to seize the favorable opportunities of international futures changes, launch more specific varieties, steadily expand the investment scope of QFII/RQFII, continuously deepen cross-border business cooperation on exchanges, and actively explore more diversified opening paths under the premise of controllable risks. "Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission, recently stated at the 2023 China (Zhengzhou) International Futures Forum. For the capital market, two-way opening has improved the liquidity of China's capital market and expanded