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Investors Fearful of Xi Crackdown Divert Capital From China Funds: FT
President Xi Jinping speaks at an award ceremony marking the 100th anniversary of the Communist Party of China, in Beijing, on June 29, 2021. Reuters image from CCTV video.

 

(AF) Xi Jinping’s crackdown on parts of the economy has sent ripples of concern through the international investment network, which has been funnelling money away from Chinese stocks and into other emerging-market (EM) funds, the Financial Times reported.

Five Non-China EM exchange-traded funds saw their assets under management surge 41% in August, extending gains this year to 442%, the report stated. Flows into China-dominated funds, however, slowed to well below the monthly average, it added. Full report: Financial Times

 

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Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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