CHINESE authorities have limited access to crucial data on inward investment as global funds increasingly withdraw from the country's stock market, potentially making 2024 the first year of net equity outflows, reports London's Financial Times.
Daily, data on net investment, flows from foreign funds into mainland Chinese stocks-via 'northbound' trades from Hong Kong through the Stock Connect program-has been restricted, with information now only available every quarter.
This change coincides with international investors pulling more than US$12 billion from mainland Chinese equities since June, based on Hong Kong stock exchange data.
Earlier inflows, primarily attributed to state-backed institutions, have been reversed, pushing year-to-date net flows into negative territory.
Since the 2014 launch of Stock Connect, which grants foreign investors access to China's stock market, there has never been a full year of net outflows.
SeaNews Turkey
Daily, data on net investment, flows from foreign funds into mainland Chinese stocks-via 'northbound' trades from Hong Kong through the Stock Connect program-has been restricted, with information now only available every quarter.
This change coincides with international investors pulling more than US$12 billion from mainland Chinese equities since June, based on Hong Kong stock exchange data.
Earlier inflows, primarily attributed to state-backed institutions, have been reversed, pushing year-to-date net flows into negative territory.
Since the 2014 launch of Stock Connect, which grants foreign investors access to China's stock market, there has never been a full year of net outflows.
SeaNews Turkey
