Foreign Capital Roars Back Into China’s Stock Market

Foreign capital returned to China’s stock market with a bang in early June following a record sell-off earlier this year, as an easing of Covid lockdowns and a slew of government policies to support the economy propped up investor confidence.

Overseas investors bought a net 26.1 billion yuan ($3.9 billion) worth of Chinese mainland-listed shares through the Hong Kong Stock Connect program in the first five trading days of June, topping the net inflow of 16.9 billion yuan recorded over the entire month of May and the 6.3 billion yuan in April, data from Hong Kong Exchanges and Clearing Ltd. show.