<div id="readability-page-1"><div><p>[HONG KONG] Foreign investors returned to Chinese stocks in April, signalling renewed appetite for the market after an initial sell-off driven by the Iran war.</p><p>Estimated net inflows into mainland equities hit roughly 200 billion yuan (S$37.6 billion) last month, the most since January, Bloomberg calculations show.</p><p>The estimate is based on China’s aggregate cross-border securities investment balance – an official dataset that tracks flows into and out of the country’s stocks and bonds. Bloomberg then strips out major components that can be observed separately, including mainland investors’ buying and selling of assets through trading links, net flows into foreign-currency bonds by Chinese financial institutions, and changes in overseas investors’ holdings of onshore bonds.</p><p>What remains is a proxy for foreign flows into mainland-listed equities.</p><p>This offers investors a way to gauge overseas appetite for Chinese stocks at a time when Beijing has limited access to direct flows data.</p><p>Authorities stopped publishing regular or detailed data on so-called northbound flows – overseas investors buying mainland shares through trading links – in mid-2024, leaving investors with only limited quarterly disclosure on holdings in individual stocks.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="2781" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/6b75161f7fc24b73b1a0ba968502febe8bce16ed85a81e9ec6c7d9c90999f376/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="4023" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/6b75161f7fc24b73b1a0ba968502febe8bce16ed85a81e9ec6c7d9c90999f376/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>China Swap Connect trading volume heads toward 1 trillion yuan</span></h3><p></p></div></div><div><div><div><p><img height="3333" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/f91b97ea1c49c1aa3d15486f273e0440fb1c10f668f00a43dcf4007f68e91ba7/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="5000" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/f91b97ea1c49c1aa3d15486f273e0440fb1c10f668f00a43dcf4007f68e91ba7/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Robot makers rule hottest Asia stock trades on physical AI boom</span></h3><p></p></div></div><div><div><div><p><img height="2447" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/0bce05e9161ce8fecdbb8c080534c2779068507fa28f8b87f6010625e2b4642d/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3670" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/0bce05e9161ce8fecdbb8c080534c2779068507fa28f8b87f6010625e2b4642d/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>BYD and peers make strides in every market but their own</span></h3><p></p></div></div></div></div></div><div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p></div></div><p>The Bloomberg estimate accounts for most major sources of cross-border capital flows, and it does not strip out flows from quota-based schemes such as the Qualified Domestic Institutional Investor and Qualified Foreign Institutional Investor programmes, because there is no timely disclosure of quota usage.</p><p>The inflows in April came amid a broader tech rally, as investors focused on AI-driven productivity gains and looked past disruptions caused by the Middle East conflict. The benchmark CSI 300 Index climbed 8 per cent in April and is up another 0.9 per cent this month. BLOOMBERG</p><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span>Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

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<p>In April, foreign investors returned to Chinese stocks, with estimated net inflows reaching approximately 200 billion yuan (S$37.6 billion), the highest since January. This rebound follows an initial sell-off due to the Iran war. The CSI 300 Index rose 8% in April, driven by a tech rally and AI-driven productivity gains, despite ongoing Middle East disruptions.</p>

Global funds pile back into Chinese stocks in April