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Foreign Investors Pump $5.8bn Into China ETFs in June – FT

US and EMEA investors put a record $5.8bn into Chinese equities in June after Covid lockdowns ended in Shanghai and other cities and regulators said they would ease their tech sector crackdown


US and EU investors put a record $5.8bn into Chinese equities in June as Covid lockdowns ended and regulators eased their tech crackdown.
China's CSI 300 index rose by 9.6% in June while most other markets fell. File photo: Reuters.

 

Investors in the US and Europe put a record $5.8 billion into Chinese equity exchange-traded funds (ETFs) in June after Covid-19 lockdowns ended in Shanghai and other cities and regulators said they would ease their crackdown on the tech sector, a report by the Financial Times said.

Exchange traded funds listed in the US invested $4 billion in the Chinese market, while ETFs in Europe, the Middle East and Africa added $1.8 billion, it said, citing data from BlackRock. The total was well over the previous record inflow of $4.3 billion in January and occurred while EMEA investors withdrew substantial sums from US and European equity funds, it said.

Read the full report: Financial Times

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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