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HK-China Stock Connect Sees Largest Net Daily Inflows For Mainland In '24

CHINA STOCKS

MNI (London) - Flow wise, the latest instances of official support (outlined earlier) have triggered the largest round of northbound net daily purchases via the HK-China Stock Connect links since late December (CNY12.6bn), as international participants deploy capital in the hope that the support levers will allow the CSI 300 to move away from ~5-year lows.

  • This was the sixth consecutive day of net purchases of mainland equities via those links. ~CNY24.3bn of net purchases have been lodged over that timeframe.

Fig. 1: Daily Net Northbound Flows Via The Hong Kong-China Stock Connect Schemes (CNY bn)

Source: MNI - Market News/Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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