- NEWS Desk Global
HEDGE FUNDS LAP UP CHINA STOCKS AT FASTEST PACE IN 5 YEARS
Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace in more than five years. The cumulative net buying of Chinese equities for Jan. 23-25 marked the biggest three-day shopping spree in more than five years. This surge in hedge fund interest in Chinese stocks coincided with Beijing stepping up efforts to restore confidence in the world's second-biggest economy, which has been hit by a crisis in the property sector and weak growth.