Foreign Capital Exodus from Chinese Stocks Continues in October

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Finance Nouvelles

Chinese Stocks,Foreign Capital Exodus,Overseas Funds

Overseas funds offloaded 44.8 billion yuan ($6.1 billion) worth of mainland shares in October, marking another month of foreign capital exodus from Chinese stocks. The three-month selling streak threatens to turn this year's flow into negative territory, which would be the first annual outflow since 2016.

-- Chinese stocks saw another month of foreign capital exodus as overseas funds offloaded 44.8 billion yuan worth of mainland shares in October. The month saw only three days of inflows even as authorities ramped up support, with the sovereign fund buying banking stocks and exchange-traded funds.The three-month selling streak, a record, amounts to 172 billion yuan and threatens to turn this year’s flow into negative territory.

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