Trading volumes in China's stock market are on the rise, with capital and Chinese assets entering a virtuous cycle. Since July, industry- and theme-specific ETF funds targeting the A-share market have witnessed accelerated inflows, while the issuance of active equity funds has shown signs of recovery, pushing institutional holdings higher. In the Hong Kong stock market, as of August 11, southbound funds' net inflows have surpassed the RMB 800 billion threshold, marking a new historical high, with particularly significant inflows into cross-border ETFs. Despite lingering cautiousness in the market, experts emphasize that as profit-making opportunities become more apparent, investor confidence is anticipated to further solidify, leading to a gradual improvement in market sentiment.