Foreign investors snap up blue chips

Shanghai, Shenzhen benefit via HK links ahead of MSCI index revamp

Overseas investors are snapping up Chinese bluechip A shares in the run-up to the reconstitution of Morgan Stanley Capital International's emerging markets index.

They bought a record 3.98 billion yuan ($631 million) worth of stocks listed on the Shanghai Stock Exchange through the Shanghai-Hong Kong Stock Connect on April 18 alone, according to data from Wind Info, a Shanghai-based financial information provider.