A combined US$2.14 billion was injected into A shares and Chinese stocks listed in overseas markets during the week to July 30, marking the highest weekly fund inflow since April 2008, Aastocks.com reported Monday, citing EPFR data.
The fund inflow would reach US$2.58 billion if the count included July 31, the report said.
Since 2008, the weekly fund inflow into Chinese stocks have surpassed US$1 billion nine times, QQ.com said, citing a research report from Shenyin & Wanguo Securities.
There were only two times the inflow topped US$2 billion—US$2.17 billion in the week to April 9, 2008 and US$2.07 billion on Dec. 6-12, 2012, it said.
In the latest week, funds first flowed into Hong Kong-listed Chinese companies before pouring into the A-share market, following a similar pattern seen in December 2012.
Funds targeted the financial, property, food and beverage, and raw material sectors, Shenyin & Wanguo said, adding that the inflows may last for six or seven more weeks and continue to push up the broader market.
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