{
  "id": 13055530,
  "title": "China holiday travel spikes, global funds shift: 5 figures investors are watching in China",
  "url": "https://urgent.news/2026/10/09/china-holiday-travel-spikes-global-funds-shift-5-figures-investors",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T07:00:06.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/china-business/article/3370277/china-holiday-travel-spikes-global-funds-shift-5-figures-investors-are-watching-china"
  },
  "original_language": "en",
  "account": "Over the week, several key figures have captured the market's attention in China. During the National Day holiday, the country recorded 2.14 billion cross-regional passenger trips, with an average of 306 million journeys per day, marking a 0.7% increase from the previous year. However, the holiday box office saw a significant drop of 36.5% to 1.165 billion yuan, though the holiday span was shortened by one day compared to the previous year.\n\nMeanwhile, global investors have begun to return to Chinese equities after a prolonged period of caution. US Treasury yields surged to 24-year highs, with the 10-year yield reaching 5.36%, and the 30-year yield hitting 5.7%. This rise in yields was driven by increasing oil prices and persistent inflation concerns, which led to a sell-off in government bonds. Despite a setback in September, Hong Kong's Mandatory Provident Fund (MPF) managed to generate HK$96.9 billion (US$12.34 billion) in investment gains over the first nine months of the year, with an average return of 6.2%. This performance was maintained despite a loss of HK$25.1 billion (1.47%) in September.\n\nMore recently, global active long-only funds have shifted their allocations to Chinese equities, ending a four-year underweight stance. Nearly 2,800 funds managing US$562 billion in Chinese stocks have realigned their positions towards benchmark-neutral levels. This move is attributed to renewed interest in the relatively cheap valuations of Chinese stocks and opportunities in the artificial intelligence sector. However, analysts caution that this shift does not necessarily indicate a bullish market trend.",
  "summary": "Hong Kong’s property market showed renewed strength as a Kowloon residential site fetched its highest price in nearly five years, while the city’s pension funds posted solid gains despite a September setback. Meanwhile, global investors returned to Chinese equities after years of caution, as US Treasury yields surged to multi-decade highs. Here are some of the figures that have drawn the most…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "Can China use widening yield gap between the US dollar and yuan to boost global role?",
        "url": "https://urgent.news/2026/10/09/can-china-use-widening-yield-gap-between-the-us-dollar-and-yuan-to",
        "published": "2026-10-09T03:00:07.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "China emerges as source of cheap global funding as Beijing lets more yuan flow offshore",
        "url": "https://urgent.news/2026/10/09/china-emerges-as-source-of-cheap-global-funding-as-beijing-lets-more",
        "published": "2026-10-09T05:14:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}