China stocks suffer 'strongest' outflow of foreign investment since 2014

Beijing's efforts fail to stem sell-off as confidence takes another hit from Evergrande

Chinese authorities have taken steps to support the stock market, such as restricting the borrowing of shares by short sellers. © Reuters

ECHO WONG, Nikkei staff writer

January 31, 2024 23:48 JST

HONG KONG -- Foreign investors sold a net 14.5 billion yuan ($2 billion) worth of mainland Chinese shares in January despite Beijing's efforts to prop up the stock market.

January also produced the sixth consecutive monthly outflow since August 2023, a month that saw 89.7 billion yuan worth of net selling, according to data provider Wind.