www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Foreign capital to chase A shares

By Li Xiang | China Daily Europe | Updated: 2016-04-17 14:37

Bright economic data, rising realty prices and dovish Fed whet risk appetite of investors

Overseas investors' risk appetite for China's A shares has increased, which will likely continue to attract foreign capital to the Chinese stock markets, analysts say.

They say key economic data has proved better than expected, property prices are up, and the US Federal Reserve has kept a dovish stance on its monetary policy.

 Foreign capital to chase A shares

China's better-than-expected economic data in the first quarter has buoyed investor sentiment. Su Yang / For China Daily

The benchmark Shanghai Composite Index rebounded 12 percent in March, as this year's economic data buoyed investor sentiment.

"Over the past two weeks, global investors' interest in the A-share market has shown signs of improvement," Gao Ting, head of China strategy at UBS Securities, says in a research note. "Several large overseas exchange-traded funds that track the A-share indices saw net subscriptions."

Gao cites the rebound in manufacturing activity, which expanded in March against the contraction in February. Also, industrial profits in March after the losses in January and February are evidence of improvement in the economy in the first quarter, Gao says.

Northbound trading under the Shanghai-Hong Kong stock connect has seen net purchases of 18.1 billion yuan ($2.79 billion; 2.45 billion euros) since March. Shares of brokerages and banks are among the northbound funds' most-bought stocks, according to UBS Securities.

Matthew Sutherland, senior investment director for equities at global asset management company Fidelity International, says while the Chinese economy is decelerating, the new economy - particularly sectors related to consumer and information technology - will continue to offer good investment opportunities for foreign investors.

"As low-value-add businesses move away, China is acquiring the tools required to compete throughout the entire production chain, including upmarket technologies and high-level skills," he says.

According to a Fidelity survey, 36 percent of its 200 equity and fixed-income analysts worldwide predict China's slowdown will have no, or a somewhat positive, impact on companies' strategic investment plans.

Breaking out European analysts, the survey says some believe China's slowdown will not have any impact on the stocks they cover.

As for investors, they are motivated by the likelihood of China's A shares being included in the MSCI emerging markets index.

MSCI Inc, the global index provider, is in June due to announce its decision on whether or not to include A shares in its emerging markets index. Any inclusion would initially attract an estimated $20 billion in investment to the A-share market, analysts say.

The company postponed the decision last year, citing market barriers to foreign investors in China. However, it resumed a review this month and started soliciting opinions from international institutional investors.

Analysts say that, compared with last year, there is a better chance this year for A shares to be included in the MSCI index.

"If A shares are included, the long-term positive implication will be more far-reaching than the short-term benefits of potential capital inflows, as A shares would attract stronger interest from global investors," Gao at UBS Securities says.

lixiang@chinadaily.com.cn

Editor's picks
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
主站蜘蛛池模板: 国产精品久久一区一区 | 91看片淫黄大片.在线天堂 | 亚洲加勒比久久88色综合一区 | aaa免费看| 欧美日韩一级片在线观看 | 欧美综合在线视频 | 综合亚洲精品一区二区三区 | 琪琪午夜伦埋大全影院 | 亚洲在线视频一区 | 99re66热这里只有精品免费观看 | 日本农村寡妇一级毛片 | 亚洲一区欧美二区 | 伊人青 | 在线看欧美成人中文字幕视频 | 清纯偷拍精品视频在线观看 | 美女午夜色视频在线观看 | 日本久久伊人 | 欧美久久精品 | 亚洲综合在线观看视频 | 亚洲精品不卡在线 | 久草在在线视频 | 日韩区在线观看 | 一区二区三区在线 | 日本 | a免费视频| 欧美福利一区二区三区 | 精品国产免费第一区二区 | 欧美aaaaaaaa| 国产免费人视频在线观看免费 | 免费一级片视频 | 国产成人免费高清在线观看 | 欧美精品不卡 | 鲁丝片一区二区三区免费 | 久草在线最新 | 欧美成人看片一区二区三区尤物 | 91国在线高清视频 | 久久视频6免费观看视频精品 | 精品视频一区二区三区在线观看 | 国产a级特黄的片子视频 | 久久国产精品免费一区二区三区 | 亚洲精品中文字幕在线 | 亚洲精品自拍视频 |