From South China Morning Post: 2024-04-30 21:30:23

Foreign investors continued their trend of buying Chinese stocks, with 6.02 billion yuan added in April. This trend follows China’s stabilizing economy and global asset rebalancing amid low valuations. Large inflows into consumer and financial stocks were reported. Hong Kong’s market also attracted investors, with the Hang Seng Index surging over 7% in April.

China issued new guidelines to support its stock market through reforms aiming to increase shareholder returns and regulatory scrutiny. Despite mixed economic data in the first quarter, foreign inflows are expected to continue due to favorable valuations. Goldman Sachs highlighted China’s valuation edge and the diversification benefits for international investors.

Overseas investors bought a record 22.4 billion yuan in Chinese stocks last Friday, highlighting the trend of foreign capital inflows into the market. This influx comes amid increased stability in China’s economy and global market rebalancing, boosting confidence in Chinese assets. China’s stock market stands out for its resilience and outperformance compared to its global counterparts.



Read more at South China Morning Post: Global investors snap up Chinese stocks for third month in a row, in more upbeat tone for US$9 trillion market