Global Fund Exodus From China Stocks Hits Record Sixth Month
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Foreign investors have been relentlessly selling China’s onshore equities into the new year as traders grow impatient over the lack of stronger policy support for the country’s economy and stock market.
Global funds offloaded 14.5 billion yuan ($2 billion) worth of shares on a net basis in January via trading links with Hong Kong, extending their selling to a record sixth month, according to Bloomberg-compiled data. That brings the total amount of stocks sold since August to 201 billion yuan.