Morgan Stanley, a U.S. Investment Bank Giant, said that the Global Fund further reduced its holdings in September and reduced its average shares in China to the lowest level since 2020.
Bloomberg reported that Morgan Stanley strategist wrote in quantitative analysis that the total amount of active multi -headed fund managers in mainland China and the Hong Kong stock market in September was 3.2 billion US dollars.The main reason is that investors' redemption and fund re -balance their initiative.The amount of funds flowed for more than $ 3 billion for the second consecutive month.
As the dilemma of the real estate industry continues to deepen, it is still a problem that the Chinese stock market is being resolved. The signs of stabilization of the Chinese economy failed to significantly boost investors' emotions.
Market observers said that the support measures taken by Beijing for the revitalization of the economy are not enough.The MSCI China Index fell on Tuesday (October 3), and the decline in 2023 exceeded 11%.According to Bloomberg, the index is moving towards the third consecutive year, which will be the worst continuous decline in 20 years.
In September, foreign funds sold 37.5 billion yuan (approximately S $ 7.046 billion) of mainland stocks through the Hong Kong Stock Connect, which continued the record of US $ 12 billion in August.
