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nine charts to understand china’s record-breaking stock market rebound

2024-10-02

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since the “924” new deal, china’s stock market has experienced an epic surge.

on september 30, the last trading day before the national day holiday, the two major a-share benchmark indexes experienced their largest increase in 16 years, with a turnover of nearly 2.6 trillion yuan in the two cities, setting a historical record.

in the whole month of september, the shanghai composite index rose by 17.39%; the shenzhen composite index rose by 26.13%; the gem rose by 37.62%, setting a record for single-month growth; the shanghai and shenzhen 300 index rose by 23.06% this month. in terms of hong kong stocks, the hang seng index rose by 17.48% this month; the hang seng technology index rose by 33.45%; the hang seng state-owned enterprises index rose by 18.62%.

goldman sachs’ latest nine charts help you understand china’s record-breaking rebound in stocks!

1) from last week to the 30th, china’s stock market recorded one of the strongest weekly returns ever under innovation

2) hong kong stock trading volume soared to us$54 billion, a record high.on september 30, the trading volume of hong kong stocks was 4.7 times the 52-week average.

3) on september 30, a-share trading volume reached 2.6 trillion yuan, the highest trading volume on record

4) last week, a-share margin purchases surged, and retail investor participation is picking up

5) southbound funds poured into hong kong stocks, with new capital inflows of us$1.56 billion, the second largest capital inflow this year

6) hong kong stock trading volume hit a record high, mainly bought by overseas macro hedge funds

7) over the past week, chinese stocks had the largest weekly net buying on record

goldman sachs noted that this market rally was driven almost entirely by long buying, with a single stock accounting for 71% of nominal net buying.

8) driven by the chinese market, there was also the largest ever net buying in the broader asian market

9) the msci china index rose higher than the msci world index