Stocks listed on the Chinese mainland have broken out of their funk, rallying to a near 20-month high this week with a little help from offshore.
Flows into the world’s second-largest equity market via exchange links with Hong Kong have been rising for the past five months, with investors buying an average 1.35 billion yuan ($205 million) of so-called A shares a day in August, up from 615 million yuan in March.
Inflows haven’t been this robust since February, when an average 1.57 billion yuan-a-day of mainland shares were bought ahead of the Chinese Communist Party’s annual policy meetings, held in March.
Source: Bloomberg Pro Terminal
Jr Trader Ivan Ivanov