Foreign Investors Stay Cautious About China Stocks, UBS Report Shows

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UBS signage in Hong Kong on April 21. Photo: VCG

Foreign holdings of Chinese stocks remained low in the second quarter in a sign that rallies in both Chinese mainland and Hong Kong shares in April and May failed to boost overseas investor confidence, according to a UBS report released Thursday.

The holdings of Chinese stocks by 800 active foreign institutional funds tracked by UBS were broadly unchanged for the April-to-June period, said analysts from the Swiss firm.

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Foreign holdings of Chinese stocks stayed low in Q2, despite April-May rallies in mainland and Hong Kong shares, per a UBS report.
800 active foreign institutional funds tracked by UBS showed their Chinese stock holdings remained broadly unchanged from April to June.
Nearly 25% of these funds, holding a combined $150 billion in Chinese stocks, did not own any Chinese equities by the end of June.

AI generated, for reference only

What Happened When

April 2024：: Rallies began in Chinese mainland and Hong Kong shares.

April 19, 2024：: Hang Seng Index began rising.

May 2024：: Rallies continued in Chinese mainland and Hong Kong shares.

May 20, 2024：: Hang Seng Index rose by 21% from April 19, 2024.

May 23, 2024：: MSCI China Index was up around 30% from its January 2024 low point.

Second quarter of 2024：: Foreign holdings of Chinese stocks remained low.

End of June 2024：: Nearly a quarter of tracked foreign institutional funds, which held $150 billion in Chinese stocks, did not own any Chinese equities.

AI generated, for reference only