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Decoupling: Foreign investors sell all more Chinese stocks than ever
来源：shippingazette 编辑：编辑部 发布：2023/08/29 16:49:07
FOREIGN investors have sold more Chinese stocks so far in August than in any month on record amid growing concerns that trouble in the property market will spread to the financial sector, reports Nikkei Asia.
Despite turning buyers, foreign investors have net sold a total of CNY71.6 billion (US$9.8 billion) of A-shares via the stock trading link between the mainland and Hong Kong so far this month, the largest amount in a single month since November 2014, when the trading channel opened.
Deep-pocketed institutional investors from the mainland have announced plans to buy Chinese shares, though this has yet to deliver as much of a boost as some observers hoped for. The CSI 300, which tracks Shenzhen and Shanghai bourses, ended Thursday up just 0.77 per cent from the previous day's close.
Foreign investors hold less than 10 per cent of A-shares by market cap but they can have a major influence on stock market performance as they tend to buy top-weighted names on the CSI 300.
Despite turning buyers, foreign investors have net sold a total of CNY71.6 billion (US$9.8 billion) of A-shares via the stock trading link between the mainland and Hong Kong so far this month, the largest amount in a single month since November 2014, when the trading channel opened.
Deep-pocketed institutional investors from the mainland have announced plans to buy Chinese shares, though this has yet to deliver as much of a boost as some observers hoped for. The CSI 300, which tracks Shenzhen and Shanghai bourses, ended Thursday up just 0.77 per cent from the previous day's close.
Foreign investors hold less than 10 per cent of A-shares by market cap but they can have a major influence on stock market performance as they tend to buy top-weighted names on the CSI 300.