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State-Owned Media Tries To Quell Sell Off

CHINA

Ahead of today's mainland equity open we would like to highlight state-run media headlines looking to play down worry re: systemic risks stemming from the Chinese equity space. The outlets have also looked to highlight the "unsustainable" nature of the recent equity market plunge, in addition to deploying the citation of analysts pointing to the potential for further Chinese fiscal support as we move through 2021. There has definitely been an uptick in articles published vs. yesterday's pre-market count.

  • From a flow perspective, Tuesday's net outflows via the Hong Kong-China Stock Connect channels were a little more sedate, as offshore investors shed a net ~CNY4.2bn of mainland equity holdings vai that particular medium. Offshore investors have now shed a net ~CNY21.6 of mainland equities via the Connect schemes since Friday's open.
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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