China’s Markets Shed ‘Uninvestable’ Tag as Global Funds Return

Global money managers are venturing back into China after years of aversion, piqued by a world-beating stock rally and the country’s advances in high-tech industries.

Goldman Sachs Group Inc. said global hedge funds were last month the most active in onshore equities in recent years — a stark contrast to 2021, when some clients had deemed the market “uninvestable.” Pacific Investment Management Co. said investors are now more concerned about missing out than the risks. Official data show foreign inflows rising across asset classes, a coordinated advance that’s only happened in three of the past 10 years.

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