Foreign Investors Return to Buying Chinese Stocks After State Interventions Help Restore Confidence
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Foreign investors resumed buying Chinese stocks in February after 6 months of selling, suggesting state interventions helped restore confidence.
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Foreign inflows of $8.4 billion in February marked an end to $29 billion of outflows from August to January.
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The return of foreign buying adds momentum to the rebound in Chinese stocks from a 5-year low.
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Foreign buying concentrated in battered banks and insurers with high dividends.
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Overseas hedge funds led foreign buying in January, boosted to at least $2 billion in February.