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Chinese stock funds receive inflows from overseas for six consecutive weeks

2024-07-17

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Chinese stock funds have seen capital inflows for the sixth consecutive week. The latest data from EPFR, a global fund flow monitoring agency, shows that from July 4 to 10, the capital flows of emerging market stock funds it monitors continued the recent Asia-centric pattern. Among them, Chinese and Indian stock funds have absorbed more than US$5 billion in funds. EPFR statistics also show that Chinese state-owned enterprise funds have recorded capital inflows for the first time since late April. This means that the dividend sector of the Chinese market has also begun to attract the attention of overseas funds. Looking ahead to the second half of the A-share market, Meng Lei, a strategy analyst at UBS Securities, believes that the current market has already priced in pessimism, downside risks are controllable, and the increase in stable growth policies is expected to drive a moderate rebound in the A-share market in the second half of the year. (Shanghai Securities News)

(Source: Tonghuashun, the above information is automatically generated by Nandu Wancaishe AI ​​big data)