Chinese Stocks Are Suffering Massive Foreign Exodus as Covid Bites
- Inflows have plummeted amid Covid Zero, US policy tightening
- Better outlook for 2023 as China drops Covid curbs for growth
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Foreigners bought the least amount of Chinese domestic shares this year after a selloff in the world’s second-largest stock market amid stringent Covid curbs and a housing slump.
Overseas investors have purchased a net 87 billion yuan ($12.5 billion) of stocks in Shanghai and Shenzhen so far this year through trading links with Hong Kong. That’s about a fifth of last year’s total and the smallest amount since 2017, when Bloomberg started compiling annual data for both bourses.