A number of large international investment institutions have disclosed their first-quarter holdings reports that revealed that they have increased their share holdings in Chinese concept stocks.
Bridgewater, the world's largest hedge fund, increased its holdings of Chinese concept stocks in the first quarter of this year.
Fidelity International's China Consumer Power Fund has aggressively increased its holdings of shares of Internet companies.
The flagship China fund of JPMorgan Chase has also increased its positions in Chinese concept stocks and upgraded the ratings of many Chinese concept stocks.
In the A-share market, Chinese assets have continued to increase their attractiveness to foreign investors. Last year, foreign capital inflows into the A-share market reached 384.6 billion yuan, the best level in the past five years.
Nearly 90% of the stocks under the interconnection mechanism of the Science and Technology Innovation Board have been included in the three major international index institutions. Since the beginning of this year, foreign-invested and long-term funds have maintained a net inflow to the A-share market.
In the asset management market and bond market, international capital institutions are also making inroads into the Chinese market.
Four asset management institutions have been approved to participate in the pilot program of qualified foreign limited partners. In the meantime, many institutions are planning to add additional pilot quotas to expand the scale of business in the Chinese market.
At the end of April, 1,035 overseas institutions had entered the Chinese inter-bank bond market. The monthly spot bond trading volume of overseas institutions exceeded 1 trillion yuan at the end of last year, and has remained above 1 trillion yuan since the beginning of this year.
