Chinese stockpickers down 21% for 2022

Hedge funds buying and selling Chinese stocks tracked by HSBC have slumped by an average of 21% this year, just as some of the world's biggest investors boost their exposure to China on re-opening hopes, Qazet.az reports according to HSBC.

The same funds averaged a decline of 0.58% in 2021, according to the HSBC data seen by Reuters.

HSBC follows eight funds which take long and short positions in Chinese equities. Of these, all have negative performances for 2022, so far.