Foreign investors are expected to record their smallest annual purchases of Chinese stocks as they are discouraged by a host of worries, including a fragile economic recovery and geopolitical tensions.
Foreign funds made a net purchase of 44 billion yuan ($6.1 billion) of onshore stocks through trading links with Hong Kong so far in 2023. That's even after a dramatic jump in buying on Thursday amid year-end positioning adjustments and represents the lowest since Bloomberg began compiling annual data for the Shenzhen and Shanghai exchanges in 2017. In better times, investors would have collected this amount in a month.
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