Chinese financial officials have started a global roadshow to persuade foreigners to invest in the country’s stock market, a highly unusual move that reflects concerns that investors are turning their backs on China as its economy slows.
Officials from the Shanghai and Shenzhen stock exchanges are touring Europe, the US and Japan to meet institutional investors, according to three people briefed on the programme.
The attempt to drum up interest in China’s markets is a remarkable U-turn from just a couple of years ago when Beijing restricted overseas investors under a strict quota system, worried they would swamp China with cash.
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