HONG KONG :Global hedge funds snapped up Chinese equities following the politburo meeting this week, buying on Tuesday at their fastest pace since October 2022, Goldman Sachs said in report.
They did not give any further details on the volume, but highlighted that inflows were driven by long-buys and to a lesser extent short covers. Chinese stocks rebounded this week as policymakers at the latest Politburo meeting clearly expressed support for capital markets and signalled the introduction of bigger easing measures to drive the economy.
Global investors have been pulling out of China in the past few months, worried about the slower-than-expected, post-pandemic economic recovery and renewed Sino-U.S. tensions.
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