According to a report on the British “Times” website on December 27, investors are now vying to buy Chinese companies’ stocks and funds.
Morningstar, the US fund research institution, said that about 77.5 million pounds (about 100 million US dollars) of funds were invested in Chinese equity funds last month, setting the highest monthly record since January 2018. This round of rebound started in September, when 41.2 million pounds flowed into China that month, marking a complete reversal of the outflow trend earlier this year.
From February to August this year, some investors withdrew funds from China because of nervousness about strict epidemic prevention measures. These funds include those invested in stocks in the Mainland and Hong Kong stock exchanges and those invested in companies related to China.
After the epidemic was brought under control, China’s economy rebounded rapidly, advancing all the way. The government released data in October indicating that the Chinese economy grew 4.9% year-on-year from July to September. Since the summer, Chinese enterprises have achieved a strong recovery with 90% of state-owned enterprises and manufacturers resuming operations.
The report also noted that China’s Shanghai-Shenzhen 300 Index has risen 21% since the beginning of the year, while the British FTSE 250 Index has fallen 8%. As China’s main competitor in the field of large tech companies, the US S&P 500 Index has risen 14% this year.
