Global investors snap up Chinese stocks for third month in a row, in more upbeat tone for US$9 trillion market
Foreign investors loaded up on Chinese stocks for a third straight month in April, adding to evidence that global fund managers have become more positive about the world’s second-largest market.
Overseas traders bought a total of 6.02 billion yuan (US$831 million) of yuan-traded shares through the cross-border Stock Connect programmes with Hong Kong, adding to net buying of 82.7 billion yuan during the previous two months, according to Bloomberg data. The three consecutive months of inflows are the longest streak of foreign buying in a year, the data shows.
Global money managers extended their purchases after China’s economy exhibited more signs of stabilising and regulators ramped up policy support to prop up stocks. Meanwhile, a…
