Sep
02
China Selloff Casts Foreigners in Unusual Role as Market Bulls
ByU.S. hedge funds look to buy in China, showing more interest in market than Chinese investors
China Selloff Casts Foreigners in Unusual Role as Market Bulls
A dismal year for China’s stock markets has given rise to an unusual situation: Foreign institutions seem more optimistic about prospects for the country than local investors.
Overseas money has poured into Chinese equities this year via a trading link with Hong Kong, despite a 16% decline in Shanghai stocks that has made it one of the world’s worst-performing major markets. But trading volumes in Shanghai, which are powered by an army of retail investors, last week fell to their lowest level since January 2016 when the market…
China Selloff Casts Foreigners in Unusual Role as Market Bulls
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