Financial institutions upgraded Chinese equities to overweight, coinciding with the release of official economic data from the National Bureau of Statistics.
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How it started
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What happened
Financial institutions upgraded Chinese equities to overweight, coinciding with the release of official economic data from the National Bureau of Statistics.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Financial analysts noted $17bn inflow into Chinese equities, supported by state-backed ETF buying.Sub-event
Citigroup and Goldman Sachs upgraded Chinese equities while the NBS provided official economic trajectory data.1 source
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The entities involved
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Citigroup
American investment bank and financial services corporation
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Goldman Sachs
American investment bank
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Beijing
capital city of China