As China's bourses saw sharp revisions recently, some investors have swooped to buy stocks in quality companies at low price points.
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Chinese shares fell to a six-month low last week over concerns of a liquidity drain in the world's second-largest economy. Investors have so far pulled 834 million U.S. dollars from stock funds focused on China, according to data from EPFR Global, a global fund flow tracker.
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Bucking the trend, some investors increased holdings in quality enterprises, citing a constructive macroeconomic and earnings outlook, according to survey results released by the Shanghai Securities Journal on Saturday.
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The controlling shareholder of Shanxi Coal International Energy Group Co., Ltd. on Thursday built a stake of 1.13 million shares in the company through its wholly owned subsidiary.
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Earlier this month, the senior management of Zoomlion Heavy Industry Science And Technology Co., Ltd. bought 19.38 million shares in the company, a move interpreted by insiders as a "positive signal worthy of attention."
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Amid downturns in the construction machinery industry and weak market demand, Zoomlion witnessed a 70-percent drop in performance in the first quarter of this year. Its shares have seen continued declines since February.
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The company's executive team said in a statement on June 6 that the decision to increase holdings was individual behavior based on confidence in the company's a sustainable and steady growth in future.
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Similarly, the executive team of Xuzhou Handler Special Vehicle Co., Ltd. has loaded up with the company's shares based on a positive outlook for their business.
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The manufacturer of special-purpose vehicles reported a 540-percent slide in its first-half performance.
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About 30 companies have reported overweight stocks so far in June, according to the Shanghai Securities Journal survey.
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Analysts said the overweight position in equities helped stabilize share prices and showed investors' confidence in the Chinese economy.
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In its biannual Global Economic Prospects Report released on Thursday, the World Bank cut its global economic growth outlook to 2.2 percent for 2013, citing slower-than-expected expansion in emerging markets such as China, India and Brazil.
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It also slashed its forecast on China's growth to 7.7 percent from 8.4 percent, warning of a potential slowdown caused by a drop in investment.
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The Chinese economy grew 7.8 percent in 2012, marking the lowest growth in 13 years. The growth target set by the government this year stands unchanged at 7.5 percent, a sign that authorities are willing to tolerate slower growth in the process of achieving quality growth driven less by exports and investment and more by consumption.