China’s cross-border inflows rebounded in April after a brief March outflow,
supporting confidence in the economy and a stronger yuan. Official data showed
onshore banks received a net $61.9 billion from overseas, marking the sixth
inflow month in seven. Goods-trade inflows rose 47% month-on-month to $74.4
billion, while securities investment recorded a $13.6 billion inflow after
March’s $53.2 billion outflow, signaling renewed interest in Chinese assets. The
yuan has gained 2.8% against the dollar this year, while China’s CSI 300 rose 8%
in April, helped by a rebound in tech shares.