market confidence: Overseas investors have purchased Chinese stocks worth 99 billion yuan 14.79 billion since the start of 2019, according to a report by the Chinese version of Nikkei on Monday, according to Global Times China. Chen Li, managing director at Beijing-based Chuancai Securities Research Institute, said the capital inflow from overseas investors has brought running water to the current stock market, stimulating market confidence and enhancing market expectations. Photo VCG The strong performance of China's A-share market is inseparable from net inflows of funds through northbound trading, or capital from Hong Kong to the Chinese mainland via the stock connect programs, a sign that foreign investors are increasing their investment into the A-share market. It will also accelerate the internationalization of China's A-share market, Chen told the Global Times on Tuesday. The market had bottomed out after three years' decline, dropping to half of the US stock market value, but it also turned out to be an attractive moment to enter for these foreign investors, said Yang Delong, chief economist at the Shenzhen-based First Seafront Fund Management Co. Foreign investors, mainly long-term institutional funds, retain a robust buying stance of A shares despite the declining market last year.
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