a-share market: In the past, the A-share market was an isolated one where domestic liquidity decided stock valuations... Now, overseas capital is acting like a 'stabilizer' as most incoming capital is managed by institutional investors who have their own investment criteria, said Michelle Qi, chief investment officer equities for Eastspring Investment Management Shanghai Co, according to Global Times China. Eastspring Investment Management Shanghai is a branch of Eastspring Investments, which is the Asian investment management arm of UK-based insurer Prudential. Photo VCG The A-share market has slowly changed in the past two years, shifting from a market that's entirely swayed by domestic capital to one where overseas capital has increasing influence, a veteran equity investor said on Tuesday. Overseas capital is speeding up its allocation to A-share assets this year, a trend that has been an important force in the rebound in the Shanghai and Shenzhen markets, experts said. Northbound capital through stock link programs had reached about 121 billion yuan 18.06 billion in the first two months of this year, according to the Shanghai Securities News on Tuesday. The Shanghai Composite Index rose from 2,465 points at the beginning of this year to 3,054 points on Tuesday, while the Shenzhen Component Index rose from 7,149 points to 9,595 points.
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