Commentary
China’s stock market rebounded more than 10 percent from the bottom since end-October. Analysts made buy calls against the backdrop of relieving COVID-19 measures. While the market was up, some funds flow statistics are not showing a consistent net inflow in recent days. And the rebounds of other markets like U.S., UK, and Europe over the same period of time were much stronger. Although the Chinese yuan is getting stronger, it is not easy to deduce a clear conclusion about funds flow from these fragmented pieces of information.
