Optimism on Chinese stocks soars to five-year highs
Publishing timestamp: 2023-02-05 18:45:35
Summary
Money is flowing into mainland Chinese and Hong Kong stocks in ways not seen since 2018 according to research firm EPFR Global. Active foreign fund managers are buying stocks at a pace not seen since 2018, while U.S.-based active money managers are still sitting on the sidelines. Local Chinese investors are also beginning to buy in, and the Shanghai Composite and Hang Seng Index have seen significant gains in the past few months. U.S.-listed Chinese stocks such as Pinduoduo, Baidu, and Bilibili have seen the largest inflows, and some investors are even physically moving to China to take advantage of the reopening.
Sentiment: POSITIVE
Tickers: 9626-HK, PDD, BILI, BIDU,
Keywords: bilibili inc, stock markets, markets, pinduoduo inc, market insider, business news, baidu inc,
Source: https://www.cnbc.com/2023/02/06/optimism-on-chinese-stocks-soars-to-five-year-highs.html