日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Capital flows to increase on bourses

By ZHOU LANXU | China Daily | Updated: 2019-05-15 07:03
Share
Share - WeChat
An investor checks stock prices at a brokerage in Jinhua, Zhejiang province, on May 13. [Photo by SHI BUFA/FOR CHINA DAILY]

Sentiment improves after MSCI hikes weighting of A shares in key indexes

Capital flows to the mainland bourses are expected to accelerate after global index provider MSCI decided to double the weighting of A shares in its indexes on Tuesday.

According to experts, investors seemed to have shrugged off lingering concerns about trade friction and are still clued in on China's growth story and are keen to be a part of it.

The inclusion factor of 238 large-cap A shares in the MSCI indexes will be increased from 5 percent to 10 percent, while another 26 shares are expected to be added with a 10-percent inclusion factor from May 28.

Inclusion factor refers to the free-float market capitalization of a stock that is adjusted by the MSCI for inclusion in its indexes. The 26 new A shares include 18 ChiNext stocks, covering healthcare, communications, software, new energy and other sectors.

The global index provider said it will continue with its three-step plan of further including A shares in August and November, despite external uncertainties and consequent market fluctuations.

Concerns about trade friction had pulled down A shares recently and triggered capital outflows via stock connects with Hong Kong. On Tuesday, the net outflow via the northbound trading of stock connects between mainland and Hong Kong bourses reached 10.8 billion yuan ($1.57 billion), the second highest in history.

"However, in the long run, the trend of foreign capital continuously flowing into the A-share market will not change," said Hyomi Jie, a portfolio manager from Fidelity International, a leading global asset manager.

"I believe China's pace of technological innovation, growing global stature and rapidly transforming economy will be hard to stop. With this in mind, and an incrementally more benign credit and liquidity environment in China, I see many buying opportunities," Jie said.

Also, as China accelerates capital market reforms and gradually lifts restrictions on foreign investment, its allure for global investors is set to grow, Jie said.

Xue Yi, an associate professor of finance at the University of International Business and Economics in Beijing, shared the same view.

"I think the recent capital outflows from the A-share market is not an indication of faltering attractiveness of the market, but a consequence of rising trade uncertainty that is roiling global stock markets," Xue said.

Since the beginning of the year, global stock markets had seen capital outflows of $116 billion till Thursday, the largest amount over the same period since 2016, according to Bank of America Merrill Lynch.

With continuous foreign capital inflows in the long term, the A-share market's efficiency in allocating resources and supporting the real economy may strengthen, Xue said.

The weighting increase, together with the inclusion of A shares by another major index compiler FTSE Russell from June, is expected to bring $150 billion worth of foreign capital into the A-share market from May 2019 to March 2020, according to estimates from JPMorgan.

In the short term, disruptions from trade tensions may continue to influence global financial markets, analysts said.

In the Unites States, the S&P 500 lost 2.41 percent on Monday to close at 2811.87 points, the biggest one-day drop since Jan 3, after China decided to raise tariffs on US imports.

On Tuesday, China's benchmark Shanghai Composite Index declined by 0.69 percent to 2883.61 points. The Hong Kong's Hang Seng Index fell by 1.50 percent to 28,122.02 points.

Top
BACK TO THE TOP
English
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
CLOSE
 
主站蜘蛛池模板: 久久久久久一级毛片免费野外 | 午夜亚洲一区 | 2021国产成人综合亚洲精品 | 欧美黄视频网站 | 在线观看视频色 | 免费一级毛片在线播放视频 | 国产精品久久久久久久 | 婷婷久久五月天 | 久久综合伊人77777 | 国产福利网 | 亚洲欧美视频 | 欧美日韩中文 | 国产福利自产拍在线观看 | 久久精品欧美一区二区三区不卡 | 国产免费A片好硬好爽好深小说 | 天堂网中文字幕 | 日韩电影在线看 | 精品久久免费视频 | 久草日韩| 国产嘿咻| 国产日韩久久久精品影院首页 | 欧美操人视频 | 欧美同性精品xxxx | 日韩在线视频导航 | 91麻豆一区二区 | 国产精品久久久久久久午夜 | 日韩视频在线播放 | 天天干狠狠操 | 亚洲影视在线观看 | 亚洲欧美日韩在线观看播放 | 久久精品免费人成人A片 | 亚洲区视频 | 亚洲狠狠搞 | 日韩在线观看网站 | 舒淇三级浴室洗澡在线观看 | 奇米影视亚洲春色 | 亚洲一区二区在线 | 久久久一区二区三区视频 | 国产农村妇女毛片精品久久麻豆 | 日本黄色小视频在线观看 | 欧美亚洲国产日韩 |