久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Overseas investors avidly pursuing Chinese assets

By SHI JING in Shanghai | CHINA DAILY | Updated: 2022-06-13 07:31
Share
Share - WeChat
An aerial view of Shanghai. [Photo by Du Lianyi/China Daily]

International investors have been pursuing Chinese assets in both the onshore and offshore markets over the past month, and this trend will continue in the coming weeks as the country's economy rebounds due to strong policy support from the investment and consumption sector, market analysts said.

Major A-share companies will likely regain their footing and go back to a normal market value as the economy recovers gradually and more measures are put in place to spur investment and consumption, Li Xiaotong, an independent market analyst, said on Sunday.

He predicted that the Shanghai Composite Index will inch up to the 3,400 level soon, after Friday's outstanding performance. The Shanghai index rose by 1.42 percent on Friday, compared with a decline of 2.73 percent of its US counterpart, the Dow Jones Index, on the same day.

Despite the resurgence of COVID-19 cases in some parts of China, foreign investors bought a net $2.5 billion worth of Chinese stocks in May, the biggest amount in four months, data jointly released by financial information provider Refinitiv Eikon and Hong Kong Exchanges and Clearing Limited said.

Overseas investors in the A-share market, through the stock connect mechanism linking the Shanghai, Shenzhen and Hong Kong exchanges, reported a net inflow for the 10th straight session on Friday of 11.6 billion yuan ($1.73 billion). It is the longest period of net inflows this year.

Aggregate net inflow of northbound capital has exceeded 41 billion yuan so far this month.

Charlie Wilson, portfolio manager of Thornburg Investment Management, wrote in a research note that he is overweight in Chinese equities as large-cap technology companies have seen their prices rebound from levels near a 10-year low.

Will Stephens, head of Credit Suisse's quantitative and systematic strategy in the Asia Pacific, wrote that international investors have shown increasing interest in A-share large-cap blue chips because their development prospects are underappreciated. There are also mid- to small-cap companies with strong growth potential that have not been considered fully yet.

Over the past few months, A-share industrial companies have replaced consumer staples as the sector where international investors had the biggest exposure, added Stephens.

The relatively low correlation between the A-share market and other global markets will help international institutions diversify their investment, he said.

Investors poured nearly $270 million into the $7.2 billion iShares MSCI China Exchange Traded Fund on Tuesday, the biggest daily inflow since BlackRock-the world's largest asset manager-rolled out the fund in 2011.

This is the world's largest overseas exchange traded fund tracking Chinese equities.

KraneShares CSI China Internet ETF, the second-largest China-focused exchange traded fund managed by New York-headquartered Krane Funds Advisors LLC, has also attracted net capital inflows of about $454 million over the past 30 days.

ASHR, the US-listed exchange traded fund launched by DWS Group to offer international investors direct exposure to A-shares, has seen its net capital inflow exceed 77 million yuan over the past month.

The mounting interest by international investors can be partly attributed to the strong rebound of US-listed Chinese companies.

The Nasdaq Golden Dragon Index, which tracks Chinese companies trading on US exchanges, has gone up by 23 percent since May 11.

The rebound of China assets can likewise be felt in the Hong Kong stock market.

The Hang Seng Tech Index, the subindex that includes major Chinese internet companies like Alibaba, Tencent and Meituan, touched a year-low at 3,463.44 points on March 15. The index has since gained 39.35 percent at the market close on Friday.

Ethan Wang from Standard Chartered China forecast the A-share market will likely outperform other markets this year, given their low valuation and the accommodative monetary and fiscal policies that China will implement in the near term.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 成人手机在线 | 久久91av | 国产成人a在一区线观看高清 | a级毛片免费观看视频 | 国产精彩视频在线观看 | 99在线视频观看 | 欧美满嘴射 | 韩国福利影视一区二区三区 | 91精品欧美成人 | 国产日产高清欧美一区二区三区 | 久久99视频 | 久久高清一区二区三区 | 国产美女野外做爰 | 乱子伦农村xxxx视频 | 99久久国产综合精品网成人影院 | 日本三级韩国三级在线观看a级 | 毛片免费在线 | 久久久久久综合成人精品 | 免费看岛国视频在线观看 | 久久精品国产91久久综合麻豆自制 | 亚洲国产日韩欧美 | 国产精品亚洲第一区二区三区 | a级片免费观看 | 日本三级香港三级人妇gg在线 | 中文国产成人精品久久水 | 欧美日韩成人午夜免费 | 亚洲国产影视 | 毛片中文字幕 | 久久精品国产亚洲综合色 | 国产三级在线观看免费 | 欧美成人中文字幕 | 一区二区三区 亚洲区 | 日韩黄色视屏 | 毛片久久 | 曰批美女免费视频播放 | 国产aⅴ一区二区三区 | 国产成人久久精品二区三区 | 久久国产精品免费看 | 欧美成人h精品网站 | 男人的天堂黄色 | 欧美极品在线 |