International investors optimistic about Chinese assets
Foreign investors are demonstrating their confidence in Chinese markets, as JPMorgan Chase has boosted its holdings in the local equity market amid global uncertainty.
TroibNews 
Foreign investors are demonstrating strong confidence in the Chinese markets, highlighted by JPMorgan Chase's increased investments in the local equity market amidst global uncertainty.
As China continues on its path of steady economic growth, more foreign institutional investors are accelerating their investment activities within the Chinese market.
On September 27, JPMorgan Chase allocated over HK$4.1 billion towards Chinese assets, as reported by jrj.com based on information from guandian.cn and data from the Hong Kong Stock Exchange.
The purchases included shares in companies such as China Pacific Insurance, BYD, Tsingtao Brewery, and Hong Kong Exchanges and Clearing Limited. Additionally, JPMorgan has expanded its holdings in Ping An and China Merchants Bank.
Fueled by robust investor demand, the Hong Kong market has shown strong performance in the past week, achieving a rebound of over 20 percent.
Several multinational investors, including ANZ Group Holdings, Bayer, and BSH Hausgerate Group, have expressed their optimism regarding China’s economy following the Communist Party of China Central Committee's meeting on economic work. This meeting emphasized initiatives to invigorate the capital market, while the People's Bank of China introduced significant policy adjustments last week.
In early September, M&G Investments, a leading European asset manager based in London, announced the launch of the M&G China Fund, aiming to give investors access to what it described as "one of the world's most compelling markets for long-term stock picking."
This year, several international institutions, including the World Bank and the International Monetary Fund, have revised their economic growth forecasts for China in 2024 upwards.
The World Bank has adjusted its growth prediction to 4.8 percent, an increase of 0.3 percentage points from its earlier estimate, while the IMF raised China's growth outlook to 5 percent, which reflects a 0.4 percentage point enhancement from its previous forecast.
As the number of foreign investors rises, so too does their accumulation of Chinese bonds.
According to data from the People's Bank of China, foreign investors' holdings of Chinese bonds in the interbank market surged to 4.5 trillion yuan at the end of July, marking a record high.
Lucas Dupont contributed to this report for TROIB News
As China continues on its path of steady economic growth, more foreign institutional investors are accelerating their investment activities within the Chinese market.
On September 27, JPMorgan Chase allocated over HK$4.1 billion towards Chinese assets, as reported by jrj.com based on information from guandian.cn and data from the Hong Kong Stock Exchange.
The purchases included shares in companies such as China Pacific Insurance, BYD, Tsingtao Brewery, and Hong Kong Exchanges and Clearing Limited. Additionally, JPMorgan has expanded its holdings in Ping An and China Merchants Bank.
Fueled by robust investor demand, the Hong Kong market has shown strong performance in the past week, achieving a rebound of over 20 percent.
Several multinational investors, including ANZ Group Holdings, Bayer, and BSH Hausgerate Group, have expressed their optimism regarding China’s economy following the Communist Party of China Central Committee's meeting on economic work. This meeting emphasized initiatives to invigorate the capital market, while the People's Bank of China introduced significant policy adjustments last week.
In early September, M&G Investments, a leading European asset manager based in London, announced the launch of the M&G China Fund, aiming to give investors access to what it described as "one of the world's most compelling markets for long-term stock picking."
This year, several international institutions, including the World Bank and the International Monetary Fund, have revised their economic growth forecasts for China in 2024 upwards.
The World Bank has adjusted its growth prediction to 4.8 percent, an increase of 0.3 percentage points from its earlier estimate, while the IMF raised China's growth outlook to 5 percent, which reflects a 0.4 percentage point enhancement from its previous forecast.
As the number of foreign investors rises, so too does their accumulation of Chinese bonds.
According to data from the People's Bank of China, foreign investors' holdings of Chinese bonds in the interbank market surged to 4.5 trillion yuan at the end of July, marking a record high.
Lucas Dupont contributed to this report for TROIB News
