A report from the Bank of America Goldman Sachs shows that due to the intensification of concerns about the Chinese real estate industry and a series of weak economic data, global hedge funds are "actively" selling Chinese stocks.
According to Reuters, a report released by Goldman Sachs on Tuesday (August 15) stated that all types of stocks were sold, but A -share led declines listed in the Chinese stock market accounted for 60%.
Goldman Sachs said that hedge funds sold Chinese stocks in eight trading days in the 10 trading days as of August 14.Goldman Sachs added that its customers have sold their bulls and short positions.
This is one of the largest net sales in any 10 days since October 2022, and it is also one of the largest net sales in the past five years.
The July macro data released by the National Bureau of Statistics of China showed that various economic indicators fell into a comprehensive decline.In terms of production, in July, industrial added value increased by 3.7%year -on -year, and the increase of 0.7 percentage points from June.In terms of consumption, the total retail sales of consumer goods in July increased by 2.5%year -on -year, which was lower than the 3.1%increase in June, and also the lowest growth rate since December 2022.
The official announcement of a series of weak data was officially announced, and it also announced that it has suspended the release of youth unemployment data in a specific age group. The national urban survey unemployment rate increased by 0.1 percentage points from June in July, 5.3%.
