[RSS] China’s stock rally set to run on as savings pour into equities

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[RSS] China’s stock rally set to run on as savings pour into equities

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Households continued to shift money into mainland China’s US$12.7 trillion stock market last month, suggesting that a rally in equities has room to run, according to data published by the central bank. Deposits at non-banking financial institutions rose by 1.17 trillion yuan (US$164.3 billion) in August, marking a second month of increases after July saw an inflow of 2.15 trillion yuan, data from the People’s Bank of China showed. The figure covers money parked at brokerages, mutual-fund...

Source: https://www.scmp.com/business/china-bus ... e=rss_feed
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