With an average trading volume of 4.7 times, increasing participation of retail investors... Understand the record-breaking rebound of the Chinese stock market with nine charts!
In the past week, Chinese stocks saw the largest weekly net buying since records began. According to Goldman Sachs, the rise was driven almost entirely by long positions, with a single stock accounting for 71% of the nominal net buying. Trading volume in Hong Kong stocks hit a historic high, mainly driven by purchases from overseas macro hedge funds
Since the "924" new policy, the Chinese stock market has experienced an epic surge.
On September 30th, the last trading day before the National Day holiday, the two major benchmark indexes of A-shares achieved the largest increase in sixteen years, with a total turnover of nearly 2.6 trillion, setting a historical record.
For the whole month of September, the Shanghai Composite Index rose by 17.39%; the Shenzhen Component Index rose by 26.13%; the ChiNext Index rose by 37.62%, setting a historical record for single-month increase; and the CSI 300 Index rose by 23.06% this month. As for the Hong Kong stock market, the Hang Seng Index rose by 17.48% this month; the Hang Seng TECH Index rose by 33.45%; and the Hang Seng China Enterprises Index rose by 18.62%.
Goldman Sachs' latest nine charts will help you understand this record-breaking rebound in the Chinese stock market!
Last week until the 30th, the Chinese stock market saw one of the strongest weekly return rates ever
Hong Kong stock trading volume soared to $54 billion, hitting a new all-time high
On September 30th, the trading volume in Hong Kong was 4.7 times the 52-week Sunday average.
On September 30th, A-share turnover reached a record high of 2.6 trillion yuan
Last week, the margin buying volume of A-shares surged, and retail participation is on the rise
Southbound funds flowed into Hong Kong stocks, with new funds inflow of $1.56 billion, the second largest inflow this year
Hong Kong stock trading volume hit a new all-time high, mainly driven by overseas macro hedge funds buying
In the past week, Chinese stocks saw the largest weekly net buying on record
Goldman Sachs pointed out that this market rally is almost entirely driven by long positions, with single stocks accounting for 71% of the nominal net buying.
Driven by the Chinese market, the largest net inflow in the broader Asian market ever has also emerged
MSCI China Index outperforms MSCI World Index
