Hedge Funds' Record-Breaking Buying of Chinese Stocks Amid Stimulus, Goldman Sachs Reports

Oct 2, 2024, 12:52 AM

Hedge funds are purchasing Chinese equities at a record pace, driven by Beijing's much bigger than expected stimulus measures aimed at revitalizing the nation's struggling economy. According to data from Goldman Sachs, the net inflows into Chinese stocks over the past week represent the strongest weekly buying in over a decade, with some reports indicating the fastest speed in history. This surge in investment comes just before Chinese markets enter a holiday period.