Reported 5 months ago
Global hedge funds have increased their holdings of Chinese equities for a fourth consecutive week, aligning with other investors aiming to capitalize on the market's rebound. The surge in Chinese stocks, driven by Beijing's economic measures and positive macro data, has led to hedge funds buying Chinese stocks in seven of the last eight weeks. Despite concerns about economic challenges, some hedge funds are leveraging call options to benefit from potential gains. China's market performance has outpaced major markets in 2024, with Hong Kong's Hang Seng Index up significantly. Goldman Sachs has raised price targets for MSCI China and China's CSI 300 Index, indicating optimism.
Source: YAHOO