Goldman: Global hedge funds rush into China, $2.4bn in three days

Global hedge funds rushed into Chinese stocks after the government's stimulus measures far exceeded expectations, leading to the strongest recorded weekly buying last week (September 23-27), not just for hedge funds and speculators but also for many foreign long investors, according to a Goldman report. Chinese-focused exchange traded funds (ETFs) focused on Chinese stocks saw $2.4bn of inflows in the last three trading days of September, compared with $2.7bn of outflows from the start of the year to September 25, according to LSEG Lipper data.