Hong Kong media reported that only 10 % of China's 941 stock funds this year have achieved positive returns, and nearly 90 % of active management funds are in trouble.
The Hong Kong South China Morning Post Sunday (December 17) quoted financial data providers with Flush (51iFind) reported that only 107 of the 941 stock funds in the shore market in China achieved positive returns, and the rest were the rest.The company with the worst performance lost nearly half of the capital.
Among them, fund managers in the field of new energy have suffered the greatest losses.A stock fund with a scale of $ 32 million ($ 42.68 million) in JP Morgan has fallen 42%this year, becoming one of the worst funds.The stocks held by the fund include Ningde Times, Golden Australia's solar energy and crystal energy, and the stock price has fallen by 29%to 57%.
BOC International's stock fund with a scale of $ 95 million has also lost 37%.
Data from Flower Shun showed that nearly 98%of China's active management stock funds were hit hard last year, and 829 of 847 funds reported losses.Of the 18 funds that made profit last year, many funds were in trouble this year, and six funds suffered losses.
Reported that under the infection of pessimism, the Shanghai and Shenzhen 300 Index has fallen 14%so far this year, ushered in the longest consecutive decline in the year since 2002.The fourth year of the Hong Kong Hang Seng Index has also been the worst since 1969.
According to data from the International Financial Association (IIF), foreign capital continued to withdraw from the Chinese market in November. In the first 11 months of this year, foreign capital flowed from Chinese stock bonds 78.1 billion US dollars.
According to the Financial Times report last month, after the Chinese official commitment provided more substantial economic policy support, August this year's foreign capital at the peak of the Chinese stock market reached 235 billion (RMB, the same below, 44.7 billion yuan, 44.7 billionXinyuan), but currently only 54.7 billion yuan.
