Traders work at the trading floor in the New York Stock Exchange in New York, the United States, Aug. 19, 2021. (Xinhua/Wang Ying)
BEIJING, Aug. 27 (Xinhua) -- China concept stocks have embraced a rebound since this week, with U.S. private and institutional investors buying a lot and eyeing the long-term value of the stocks, reported Shanghai Securities News on Friday.
According to a report released by Vanda Research on Wednesday, net purchases of China concept stocks by U.S. private investors exceeded 400 million U.S. dollars in the past five trading days.
The NASDAQ Golden Dragon China Index (HXC) has increased over 11 percent in the past five trading days thanks to investors' stock buying.
Improved market sentiment has been shown as buying momentum continued, boosting the growth in China concept stocks including JD.com, Baidu and Alibaba.
Besides, institutional investors are also much more involved in the China concepts stocks. For example, ARK invest, has increased the holding of the three mentioned stocks.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
A single purchase
