Apr 29, 2024 07:09 PM

FINANCE

Overseas Investment Through China’s Stock Connect Nearly Doubles 2023’s Total

By Zhang Yukun and Wang Xiaoqing

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Net overseas investment in the Chinese mainland’s stock market through the Stock Connect program so far this year has nearly doubled 2023’s total, following large purchases on Friday and Monday.

The net buying of shares trading on Shanghai and Shenzhen stock exchanges through the program reached 22.4 billion yuan ($3.2 billion) on Friday, followed by 10.9 billion yuan on Monday. The Stock Connect allows offshore investors to trade mainland stocks through the Hong Kong Stock Exchange and vice versa.

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