Foreign capital flows in
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FOREIGN capital has continued to flow into China’s A-share stock market, data from the Wind Economic Database showed.
A total of 42.3 billion yuan (US$6.3 billion ) was invested through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect between June 1 and July 19.
By July 19, net inflows through the two stock connect programs totaled 521.5 billion yuan, up 8.32 percent from the beginning of June.
The continuous inflow of foreign capital was attributed to the current high profitability, low valuation, and increased openness of the A-share market, industry analysts said.
Banking, food, and health care stocks were among the favorite sectors for foreign investors.
They also favored companies listed on the main board and with high market values and low valuations.
Banks attracted foreign investors with their low valuations, while food and health care stocks stood out with huge market potential and freely competitive environments, according to analysts.
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