Foreign investors might have fled Chinese markets this month, but J.P Morgan Asset Management's head of Greater China Equities says those outflows were just "a blip."
Wang told CNBC that Chinese A-shares, or Chinese yuan-denominated mainland stocks, should see "substantial inflows" in the longer term. Since the beginning of May, foreign money has pulled out from the Shanghai and Shenzhen markets through Hong Kong's Stock Connect platform,J.P. Morgan Asset Management's Howard Wang put it down to investors cashing out first — due to uncertainty about escalating trade dispute between Washington and Beijing.
Chinese markets had rallied earlier in the year on expectations of more stimulus for the cooling economy, and on signs that Beijing and Washington were making progress in talks to end their trade war. That's after a record slump of more than 24% in 2018 — the worst performance in a decade.
Trump is right again. The Chinese will pay for it !
Foreign candy has fled Chinese stocks by the billions this month. JP Morgan says it's just a 'blip'
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