Story perspectives

Trump Hails US Market Records as Chinese Investors Flock Overseas

7/28/2026

Summary

Story summary

U.S. President Donald Trump praised the S&P 500, Nasdaq and Dow Jones record highs in a July 4 social-media post as proof of America’s economic revival.
Chinese investors are moving money into the S&P 500 instead of A-shares, boosting demand for Qualified Domestic Institutional Investor (QDII) funds.
Beijing chooses between a capital-market stance or a rally to retain funds, according to Xiao Geng, associate dean at the Chinese University of Hong Kong, Shenzhen.

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Story summary

U.S. President Donald Trump praised the S&P 500, Nasdaq and Dow Jones record highs in a July 4 social-media post as proof of America’s economic revival.
Chinese investors are moving money into the S&P 500 instead of A-shares, boosting demand for Qualified Domestic Institutional Investor (QDII) funds.
Beijing chooses between a capital-market stance or a rally to retain funds, according to Xiao Geng, associate dean at the Chinese University of Hong Kong, Shenzhen.