From BNN Bloomberg: 2024-05-11 20:19:40

China will stop live feed of foreign stock flows from Monday to ease negative data impact. Shanghai and Shenzhen exchanges will only provide daily turnover and top traded stocks via northbound channel. Authorities aim to limit data effects on market sentiment, with Chinese shares rallying post-announcement. Northbound investors saw third straight month of net buying in April and have added back over half of what they sold since August. Geopolitical tensions pose a risk, but global investors’ presence in China is small. Chinese investors have shrugged off the loss of live data, with the CSI 300 Index rising more than 5% since the change was announced. “Northbound is not the key flow factor,” says chief investment officer, ending live feed should benefit market’s healthy long-term development.



Read more at BNN Bloomberg: China to Nurture Stock Rally by Masking Live Foreign Flows Data