An Asian market index that measures the price of stocks in China’s five biggest cities has fallen almost 30% since the start of 2017, but is still worth more than a third of its value at the end of this year.
In the second quarter of 2017 a total of 6.62 trillion yuan ($8.6 trillion) was transferred to foreign holders, compared to a total 6.3 trillion yuan at the start, according to the data from the Asian Stock Exchange (ASX) website.
The index has fallen about 25% since its inception in 2014.
According to the index, China’s stock market is the second-most undervalued in the world.
It’s the most volatile market in Asia, with its index fluctuating between 4.2 and 4.6% per day.
China’s stock markets are a top target for foreigners because they are largely unregulated and therefore vulnerable to market manipulation.
China is also a major source of investment capital for many Asian countries, as its investment funds, known as sovereign wealth funds, have a high valuation.
However, the country has recently faced a series of scandals over its stock market manipulation and corruption.
China has been hit by a series the biggest in recent memory.
The country’s stock price has plummeted from more than $800 per share in February 2020 to less than $100 a share in December 2017.
China had its worst quarter in five years, after a 10.9% drop in the third quarter of 2016, after the government announced it was closing a loophole allowing companies to buy shares without revealing their value.
Since the introduction of the new securities law, the stock market has fallen by around 30%.
The ASX said it expects the index to fall further in 2018.
Chinese government data show that the economy grew by 1.2% in the second half of the year.
The economy contracted by 1% in 2017.