Markets
21:11, 03-Mar-2019
China's A-share market sees overseas net capital inflow for 9 weeks
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China's A-share market has seen continuous net capital inflow from overseas investors in the past nine weeks, the Securities Times reported Sunday.
Since the beginning of the year, money from Hong Kong and international capital invested in bourses on the Chinese mainland through the stock connect programs amounted to 124.1 billion RMB (about 18.52 billion U.S. dollars), the newspaper said.
Last week, the A-shares attracted a net inflow of 12 billion RMB from overseas investors. The foreign capital mainly went to industries including the nonferrous metals, construction and refurbishing and automobiles.
China's stock market is likely to see an inflow of foreign capital totaling about 600 billion RMB this year, Fang Xinghai, deputy head of the China Securities Regulatory Commission, predicted in January.
Source(s): Xinhua News Agency