Foreign investors in China seek new catalysts as stock rally fizzles
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Foreign investors in China have become net sellers of Chinese stocks in June due to fading enthusiasm over the government's rescue package for the struggling property sector. Some investors are still hopeful for a second rally, but this will depend on the effective execution of existing policies and signs of stronger support at the Communist Party's third plenum in July. The third plenum, scheduled for July 15-18, is a key session that has historically influenced China's economic course. The article mentions various developments in the Chinese stock market and the property sector, including the weak property rescue measures, the liquidation petition against Chinese developer Sino-Ocean, and the rally in China stocks. The weakening yuan and the challenging venture capital and IPO exit markets in China are also discussed. The article concludes by mentioning that foreign investors are seeking new catalysts to drive the Chinese stock market.

#China #ForeignInvestors #StockMarket #PropertySector #CommunistParty #ThirdPlenum

https://asia.nikkei.com/Business/Markets/Foreign-investors-in-China-seek-new-catalysts-as-stock-rally-fizzles