BEIJING, Oct. 9 (Xinhua) -- A majority of the global capitals that flew into emerging market stock funds in the past seven days ending October 2 were invested in China's stocks, reported Xinhua-run Shanghai Securities News on Wednesday.
By October 2, more than 13 billion U.S. dollars of overseas funds poured into China's stock funds, marking a new weekly influx record in history, said the newspaper citing data released by EPFR, a global fund flow and asset allocation data provider.
China's recent capital market-boosting policies greatly revived the market sentiment and the strong rallies of major Chinese stock indices drew lots of overseas capitals, reported the newspaper citing Cameron Brandt, director of research at EPFR.
In the future, Cameron Brandt predicted that China's stock market rally was likely to continue.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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