Overseas traders return to Chinese onshore stocks, tucking into blue chips amid longest buying streak this year

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Global fund managers are returning to Chinese yuan-traded stocks, as easing of lockdown measures and improving economic data reverse an exodus of foreign funds.

Overseas traders were net buyers via the Stock Connect link with Hong Kong for a seventh consecutive day through Tuesday, the longest streak since January, according to Hong Kong stock exchange data. Combined purchases totalled 45.1 billion yuan (US$6.8 billion) in the period, with investors preferring big industry players and green-economy names.