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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CHINA STOCKS
Monday saw offshore investors react negatively to the increased regulatory oversight evident in several sectors, with the Hong King-China northbound Stock Connect flows seeing the highest level of net selling witnessed since July last year (a reminder that July '20 saw 2 the largest rounds of daily net sales on record, going back to 2016), hitting CNY12.802bn.
- The state-run Securities Times has published a piece (citing analysts) flagging the "short-term" impact of Monday's headwinds for equities, pointing to expectations for the long-term uptrend to continue, underpinned by the Chinese economy. The analysts speaking with the Times noted that Monday's fall in Chinese equities was based on policy changes, valuations and liquidity. They also highlighted a focus on the upcoming Politburo meeting, which is expected to take place around the end of July.
Fig. 1: Net Hong Kong-China Northbound Stock Connect Flows (CNYbn)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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