FT: Investors call China’s stock market ‘uninvestable’ after $2 trillion loss

In the wake of Chinese authorities' desperate attempts to curtail a massive $2 Trillion stock market loss, over 40% of investors surveyed at a Goldman Sachs conference in Hong Kong deemed China "uninvestable." A decade of steady foreign inflows has given way to three years of losses, undermining confidence. While some Wall Street banks predict a rebound, global investors, wary of economic struggles, property crises, and diplomatic tensions, remain skeptical. The MSCI China index is down 60% from its 2021 peak, prompting questions about whether low valuations are enough to lure back hesitant investors.

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By Hudson Lockett in Hong Kong and Joseph Cotterill in London

Some global fund managers fear government efforts to stabilise the market are too little, too late

Chinese authorities' promise of "forceful" measures last week was their most vocal attempt yet to halt a stock market sell-off that has wiped out almost $2tn in value. For many investors at a Goldman Sachs conference in Hong Kong, that vow was too little, too late.

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