Chinese Markets Experience Massive Capital Outflow Despite Efforts to Restore Confidence
Billions of dollars are flowing out of Chinese markets as foreign investors continue to unload mainland Chinese equities, despite recent measures by Beijing to boost investor confidence. The number of active China-focused hedge funds has fallen for the first time in over a decade, and direct investment liabilities into China have slumped 87% from a year ago. China's weaker-than-expected post-COVID recovery, economic issues, and regulatory crackdown against large private companies have contributed to the decline in foreign investment. Meanwhile, Commerce Secretary Gina Raimondo is seeking to mend the fractured relationship between the US and China during her visit to Beijing.
