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Victor Wong
In January, foreign investors snapped up Chinese stocks at an unprecedented rate, anticipating an economic rebound following the nation's repeal of its COVID-19 "zero-tolerance" policy. However, because of depressing economic data and growing worries about the real estate industry's liquidity crisis, foreign funds have been selling their holdings in recent months.
Early in August, net foreign exchange inflows into the nation's stock market reached a peak of 235 billion yuan ($32.6 billion), as Chinese officials pledged to boost the country's economy. FT calculations show that the amount has now dropped by 77% to 54.7 billion yuan.
Due to this, the CSI 300 stock index has declined by over 11% in US dollars this year, while major market indices in South Korea, Japan, and India have increased by 8–10%.
According to Goldman Sachs, net inflows into the South Korean and Indian markets this year came to $6.4 billion and $12.3 billion, respectively.
source: ft.com
Early in August, net foreign exchange inflows into the nation's stock market reached a peak of 235 billion yuan ($32.6 billion), as Chinese officials pledged to boost the country's economy. FT calculations show that the amount has now dropped by 77% to 54.7 billion yuan.
Due to this, the CSI 300 stock index has declined by over 11% in US dollars this year, while major market indices in South Korea, Japan, and India have increased by 8–10%.
According to Goldman Sachs, net inflows into the South Korean and Indian markets this year came to $6.4 billion and $12.3 billion, respectively.
source: ft.com
