Source: China – South China Morning PostHouseholds continued to shift money into mainland China’s US$12.7 trillion stock market last month, suggesting that a rally in equities has room to run, according to data published by the central bank.
Deposits at non-banking financial institutions rose by 1.17 trillion yuan (US$164.3 billion) in August, marking a second month of increases after July saw an inflow of 2.15 trillion yuan, data from the People’s Bank of China showed. The figure covers money parked at brokerages, mutual-fund…Read More