Posted 10/25/2023, 9:33:00 AM
Foreign Investors Flee China Stocks Despite Government Support Amid Economic Concerns
- Foreign investors are exiting Chinese stocks at record pace despite government efforts to boost markets
- Outflows via Stock Connect link hit $22 billion between August-October, largest ever
- Investors cite economic slowdown, lack of effective response from authorities as reasons for exit
- Tensions between China and U.S. also fueling capital flight as asset managers face pressure
- Even domestic investors losing faith, with private equity fund citing "unprecedented uncertainty" about economy
