An Investor Sentiment Survey, released by the Cheung Kong Graduate School of Business on Thursday, revealed more positive sentiment from institutional investors on the A-share market and Hong Kong stock market in the third quarter.

About 81.4 percent of institutional investors surveyed were upbeat about the outlook of stock prices of the A-share market, up 1.5 percentage points compared with the last quarter. Overall, around 61 percent of the respondents surveyed in the third quarter believed that stock prices of the A-share market will go up.

Approximately 65 percent of institutional investors were bullish toward Hong Kong stocks in the third quarter, up 15 percentage points compared with the previous quarter. Overall 42.4 percent of the respondents held a positive view on the matter, an increase of 2.1 percentage points from the previous period.

The Cheung Kong Investor Sentiment Survey, released every quarter, was based on a sample size of about 2,500 responses, among which 600 were from institutional investors, from 13 major cities across China.

Liu Jing, professor of accounting and finance and associate dean of CKGSB, said: "Investor sentiment is impacted by various factors this year. In general, institutional investors focused more on factors such as China-US relations and reform of State-owned enterprises, while individual investors paid more attention to factors such as COVID-19 prevention and control, increasing demand from the domestic market, and development of business in the private sector."