Positives boost overseas inflows into equities

Several positives drove overseas inflows — more global investors — into China's A-share market on Tuesday, marking their rebound for the third session in a row, international investment banks and asset managers said.

Brightening prospects of the country's economic growth, reasonable stock valuations and the mitigation of uncertainties at home and abroad that bolstered investor sentiment are key factors behind the inflows, they said.

Northbound trading of the stock connect programs between the bourses on the Chinese mainland and in Hong Kong saw net capital worth 8.15 billion yuan ($1.16 billion) flow into A shares on Tuesday, marking the first time in almost a year that daily net inflow topped 8 billion yuan for three consecutive sessions.