China’s Stock Rally Still Misses One Crucial Piece
Chinese stocks have rebounded yet local retail traders are still holding back. That's bad news for a rally that's looking increasingly stretched.
In Hong Kong, aggressive buying by foreign funds has lifted the Hang Seng Index by 18% since the close on April 19. Things, however, look much calmer onshore. The CSI 300 Index has climbed only 4% in that span, still short of a technical bull market.
![China’s Stock Rally Still Misses One Crucial Piece China’s Stock Rally Still Misses One Crucial Piece](https://m5.paperblog.com/i/779/7791143/chinas-stock-rally-still-misses-one-crucial-p-L-1_6wE7.jpeg)
One explanation for the stark underperformance of A shares is a lack ...