CICC: Increasing divergence in north-south fund flows

Zhitong
2024.06.15 07:48
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Changes in global liquidity this week include: Overseas funds continue to flow out of A-shares and Hong Kong stocks, but the outflow has slowed down; Southbound funds are flowing in at an accelerated pace; Stocks, bonds, and currency markets continue to see inflows; US stocks have turned into outflows, while Japan and developed Europe continue to see outflows. In terms of domestic liquidity, overseas funds continue to flow out of the Chinese market but the scale is narrowing. Globally, active foreign funds are flowing out of Japanese stocks, flowing into US stocks, and accelerating inflows into India