Beijing crackdown spurs $2.6 bln Chinese equity outflow this week-IIF
27/07/2021 16:02
LONDON, July 27 (Reuters) - China's equity markets suffered
outflows of $600 million on Tuesday after bleeding $2 billion on
Monday, the Institute of International Finance (IIF) said.
"These are very weak figures compared to the first half of
2021, when monthly inflows averaged $5.8 billion," said Jonathan
Fortun Vargas, economist at the IIF. "This is likely due to
Beijing's regulatory actions in the past week."
Hong Kong's benchmark index and Chinese A-shares had
extended sharp losses to end at multi-month closing lows on
Tuesday, as investors worried over the impact of tighter
government regulations following a crackdown by Beijing on the
tech and education sectors. urn:newsml:reuters.com:*:nL1N2P30EK
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IIF China flows https://tmsnrt.rs/3zIkrH6
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(Reporting by Karin Strohecker, editing by Sujata Rao)
((karin.strohecker@thomsonreuters.com; +442075427262; Reuters
Messaging: karin.strohecker.reuters.com@reuters.net))