国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Foreign capital to chase A shares

By Li Xiang | China Daily Europe | Updated: 2016-04-17 14:37

Bright economic data, rising realty prices and dovish Fed whet risk appetite of investors

Overseas investors' risk appetite for China's A shares has increased, which will likely continue to attract foreign capital to the Chinese stock markets, analysts say.

They say key economic data has proved better than expected, property prices are up, and the US Federal Reserve has kept a dovish stance on its monetary policy.

 Foreign capital to chase A shares

China's better-than-expected economic data in the first quarter has buoyed investor sentiment. Su Yang / For China Daily

The benchmark Shanghai Composite Index rebounded 12 percent in March, as this year's economic data buoyed investor sentiment.

"Over the past two weeks, global investors' interest in the A-share market has shown signs of improvement," Gao Ting, head of China strategy at UBS Securities, says in a research note. "Several large overseas exchange-traded funds that track the A-share indices saw net subscriptions."

Gao cites the rebound in manufacturing activity, which expanded in March against the contraction in February. Also, industrial profits in March after the losses in January and February are evidence of improvement in the economy in the first quarter, Gao says.

Northbound trading under the Shanghai-Hong Kong stock connect has seen net purchases of 18.1 billion yuan ($2.79 billion; 2.45 billion euros) since March. Shares of brokerages and banks are among the northbound funds' most-bought stocks, according to UBS Securities.

Matthew Sutherland, senior investment director for equities at global asset management company Fidelity International, says while the Chinese economy is decelerating, the new economy - particularly sectors related to consumer and information technology - will continue to offer good investment opportunities for foreign investors.

"As low-value-add businesses move away, China is acquiring the tools required to compete throughout the entire production chain, including upmarket technologies and high-level skills," he says.

According to a Fidelity survey, 36 percent of its 200 equity and fixed-income analysts worldwide predict China's slowdown will have no, or a somewhat positive, impact on companies' strategic investment plans.

Breaking out European analysts, the survey says some believe China's slowdown will not have any impact on the stocks they cover.

As for investors, they are motivated by the likelihood of China's A shares being included in the MSCI emerging markets index.

MSCI Inc, the global index provider, is in June due to announce its decision on whether or not to include A shares in its emerging markets index. Any inclusion would initially attract an estimated $20 billion in investment to the A-share market, analysts say.

The company postponed the decision last year, citing market barriers to foreign investors in China. However, it resumed a review this month and started soliciting opinions from international institutional investors.

Analysts say that, compared with last year, there is a better chance this year for A shares to be included in the MSCI index.

"If A shares are included, the long-term positive implication will be more far-reaching than the short-term benefits of potential capital inflows, as A shares would attract stronger interest from global investors," Gao at UBS Securities says.

lixiang@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
商丘市| 嵊州市| 绍兴县| 凤城市| 巨鹿县| 二手房| 富宁县| 青岛市| 玉屏| 威远县| 桐庐县| 普兰店市| 拜泉县| 伽师县| 钟祥市| 阳高县| 永川市| 太仓市| 仁寿县| 和林格尔县| 大城县| 益阳市| 额敏县| 景德镇市| 玉树县| 台州市| 洛隆县| 克山县| 马山县| 尚义县| 南阳市| 宣威市| 科尔| 高淳县| 嘉祥县| 伊宁市| 涿州市| 黎川县| 龙山县| 伊通| 襄汾县|