AsianFin -- China’s stock market is on track to notch record monthly turnover, highlighting the fervor of a rally that continues to draw in new investors.
Average daily trading so far in August has reached 2.2 trillion yuan ($309 billion), surpassing the previous peak of 2 trillion yuan set in October following Beijing’s stimulus measures, Bloomberg-compiled data show. The CSI 300 Index has surged nearly 10% this month, ranking among the best-performing equity benchmarks globally.
The boom comes even as some brokerages and fund managers move to rein in activity by cutting back financing and curbing purchases. The rally’s persistence—despite ongoing U.S. tariff risks and a worsening property slump—has divided opinion on Wall Street. Goldman Sachs has raised its target for Chinese equities, while Morgan Stanley warns that signs of overheating are becoming harder to ignore.
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