After five years of the ruling Communist Party's conference in China, the stock market there has seen a big decline. According to media reports, foreign investors can sell massively in the coming time in China. Let us inform you that in the past, China announced a late release of its Gross Domestic Product (GDP) figures. According to reports, foreign investors are preparing to exit China for the first time. Its effect can be seen on the stock market there in the coming days. Investors' concerns have started increasing in the market due to the reduction in supportive policies and renewed Kovid restrictions at the Chinese ruling party's conference.
Because of this, foreign investors are making up their minds to withdraw their funds from the market in China. According to Bloomberg Cake data, foreign investors made tremendous sales in the market on Monday. Foreign investors on Monday net sold a record 17.9 billion euros (about $2.5 billion) in mainland shares through trading links with Hong Kong. So far, a small net outflow has been shown in the market. According to experts, if this outflow continues till the end of the year, it will be the first annual decline since the Stock Connect program started in 2014.
According to Bloomberg Intelligence expert Marvin Chen, foreign sentiment on Chinese stocks is now less visible. The signs of no change in the policies of Kovid have come out from the party convention. The market may now have to wait for the Central Work Conference to be held in December. Meanwhile, everyone's eyes will be on how and what will China's Ji Jinping leadership find a solution to its economic problems.
Let us inform you that in the past, China had announced a late release of its Gross Domestic Product (GDP) figures. China was supposed to release its GDP figures on 18 October, but it was postponed for the future on 17 October at the last chance. At the same time, according to a Bloomberg survey, economists had predicted that China's GDP could be 3.3 percent in the third quarter after showing almost zero growth in the April-June quarter period.
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