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Just looking to Chinese market volumes,.......>

CHINA
CHINA: Just looking to Chinese market volumes, worth re-highlighting that the 4
day's through Monday saw mainland stocks' 4-day rolling turnover rate hit levels
not seen since Nov 2015, while Tuesday saw the daily mainland stock turnover hit
the highest levels seen since August 2015.
- Interesting to note that foreigners have withdrawn capital via the HK-China
Stock Connect programmes for 3 consecutive sessions, selling a net ~CNY14.66bn
worth of mainland shares over that time. Current flows point to 4th consecutive
day of net selling today, but that could of course change.
- Also worth noting that there has been a focus on the uptick in retail trading
in recent weeks, stemming from Coronavirus matters, while China's total margin
usage has hit levels not seen since early 2016.
- Elsewhere, CFETS CNY and cash bond trading volumes have recovered from their
post-LNY trough, but remain well shy of the recent highs, with both measures'
10-DMAs well below the recent norms.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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