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Breaking news!
JP Morgan Chase spends HK$4.1 billion!
Buying Chinese assets at the bottom!
Foreign capital is accelerating its layout of Chinese assets!
According to the Hong Kong Stock Exchange on the evening of October 3, financial giant JP Morgan Chase bought China Pacific Insurance, BYD, Tsingtao Brewery and Hong Kong Stock Exchange's H shares in one day on September 27, with a total amount of more than HK$4.1 billion!
This move has attracted widespread attention in the market.
Although the Hang Seng China Enterprises Index fell slightly by 1.58% on the same day, many fund managers said that
the market outlook has changed positively under the influence of China's government stimulus measures.
Fredrik Bjelland, portfolio manager of emerging market fund Skagen Kon-Tiki, said bluntly: "The rebound momentum of the Chinese market is far from over, and the current valuation is very attractive.
Moreover, compared with historical levels, global investors' allocation positions in China are still relatively light."
This means that JPMorgan Chase's large-scale purchase of Chinese assets this time may just be the beginning of foreign capital increasing its holdings in China.
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