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China's equities off to good start in 2023 on recovery hopes

BEIJING: Chinese equities kicked off 2023 with remarkable gains and continued capital inflows amid the renminbi's bullish momentum. This reflects the global investors' positive outlook on China's economic growth and their confidence in the country's economic fundamentals.

China's fast economic recovery will attract more inflows of northbound capital, or the amount that overseas investors pump into A-shares via the Stock Connect program linking Shanghai, Shenzhen, and Hong Kong bourses.