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

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…

Source: https://www.scmp.com/business/china-business/article/3325555/chinas-stock-rally-poised-run-household-savings-pour-equities?utm_source=rss_feed