Midea Group’s headquarters in Foshan, in China’s southern Guangdong province. Its shares have risen 11 per cent so far this year. Photo: Handout
Midea Group’s headquarters in Foshan, in China’s southern Guangdong province. Its shares have risen 11 per cent so far this year. Photo: Handout
Stocks

Overseas investors snap up Chinese shares so fast, they are hitting foreign ownership caps on stocks such as home appliances maker Midea

  • Midea, China’s biggest household appliances maker, became off limits after combined foreign holding hit 28 per cent of its outstanding shares
  • Global traders have spent a combined US$156.6 billion on Chinese stocks in the first half, an increase of 12 per cent from the end of 2019

Midea Group’s headquarters in Foshan, in China’s southern Guangdong province. Its shares have risen 11 per cent so far this year. Photo: Handout
Midea Group’s headquarters in Foshan, in China’s southern Guangdong province. Its shares have risen 11 per cent so far this year. Photo: Handout
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