The great Chinese flow reversal via @FT
JPMorgan estimates that half of the roughly $250bn-300bn of international money that flowed into Chinese bonds because of their inclusion in various indices since 2019 has now exited. Foreign ownership of Chinese equities has declined by over $100bn.
The private market trends are similar. JPMorgan estimates that Chinese investments by international private equity and venture capital firms — which have played a major role in developing a lot of important Chinese tech companies — has collapsed by more than 50 per cent.
JPMorgan estimates that half of the roughly $250bn-300bn of international money that flowed into Chinese bonds because of their inclusion in various indices since 2019 has now exited. Foreign ownership of Chinese equities has declined by over $100bn.
The private market trends are similar. JPMorgan estimates that Chinese investments by international private equity and venture capital firms — which have played a major role in developing a lot of important Chinese tech companies — has collapsed by more than 50 per cent.
