(Hong Kong Comprehensive News) Northbound capital, which represents foreign capital interest in Chinese assets, bought 1.608 billion yuan (RMB, the same below, about S $ 302 million) in the past week, a new high of 16 weeks.
Northbound funds are funds that Hong Kong investors and foreign investors invest in mainland China's stock market through the Shanghai -Hong Kong Stock Connect and Shenzhen -Hong Kong Stock Connect channels in Hong Kong. They are often called the thermometer of the capital market.
According to the Financial Association, from Monday (November 27) to Friday (December 1), the net inflow of funds in the north is 1.608 billion yuan, of which the net inflow of 8.516 billion yuan on Thursday (November 30) reached 8.516 billion yuan, Create the largest single -day net purchase amount for four months.The main inflow industry is semiconductor, medical enterprises, biological products, chemical pharmaceuticals and passenger cars.
China's capital market has fallen into a downturn this year, and the northbound capital has been selling sharply for several months in August.According to the Securities Times, the net sales volume in the north, September, and October was 89.68 billion yuan, 37.46 billion yuan, and 44.79 billion yuan, respectively.Throughout the month of November, the net sales volume of the northbound capital was 1.78 billion yuan.
Analysis believes that the outflow of the northern direction and narrowing indicates that the price of assets may be at the bottom, and the Chinese government's regulation and control policy has also begun to play a role.
