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China's stock market gains international appeal amid reforms - Buz & Tech News


2021-01-08 02:46:00 GMT2021-01-08 10:46:00(Beijing Time) Xinhua English
China s stock market managed to secure spectacular gains in 2020 as reforms widened access for overseas investors and boosted its long-term investment value.
The benchmark Shanghai Composite Index gained 13.87 percent in 2020, while the ChiNext Index, tracking China s NASDAQ-style board of growth enterprises, surged nearly 65 percent.
Net inflows of funds through northbound trading, or money invested from Hong Kong into the Chinese mainland through the stock connect programs, exceeded 200 billion yuan (around 31 billion U.S. dollars), indicating a bullish sentiment of overseas investors toward Chinese stocks.
The increased foreign holdings came as China opened its capital market further to the world. As part of the opening-up measures, the country lifted quota restrictions on two major inbound investment schemes in June last year and allowed the institutional investors broader investme ....

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