Foreign investors continue to increase their holdings of Chinese financial assets, International Financial News reported on Monday.
Foreign investors value long-term economic growth and the development of the capital market in China, which has the world’s second-largest stock market, analysts said.
The volume of the Chinese stock market will continue to grow, as the country’s economy continues to grow and the proportion of direct funding in the financial system increases.
The Chinese market is an essential part of the global investment portfolio, playing a very important role in diversification.
Some institutional investors increased their holdings of conceptual Chinese stocks in the second quarter, although some decreased their holdings due to the impact of regulatory policies in China and the United States.
Goldman Sachs Group Inc’s latest holdings report said the group’s holdings of conceptual Chinese stocks rose 4.7% from 4.4 at the end of the first quarter.
In the second quarter, the company increased its stake in U.S. shares of Alibaba from 5.88 million shares to 30.5 million shares, from 24.63 million shares at the end of the previous quarter.
Hillhouse Group’s secondary market team continued to increase its investments in Chinese Concept Equities in the second quarter, owning 89 companies, of which 7 were new and increased holdings in Concept Chinese Equities.
Ray Dalio, founder of Bridgewater Associates, said conceptual Chinese stocks should be seen as an important part of the investment portfolio and investors should watch trends instead of misinterpreting and paying too much attention to fluctuations.
In the long term, the Chinese economy remains stable and progressing for the better and the country’s policymakers have always valued innovation and committed to deepening market reforms, said Lu Jie, investment director of the Dutch company. of Robeco China asset management.
The top priority for China’s development in the coming years will be technological independence, which will eventually become “China’s strategic pillar,” Lu said.