(Yicai Global) Dec. 20 -- Overseas institutional investors continued to invest in China's A-share market with a net capital inflow over the last couple of days, undaunted by the recent seesaw movements. The Shanghai Stock Exchange and the Shenzhen Stock Exchange both rebounded yesterday. The Shanghai Composite Index approached the 3,300 mark once again, but the overall trading volume remained at a historic low.

The northbound net inflow reached CNY1.71 billion (USD259.5 million), of which CNY909 million came via the Shanghai-Hong Kong Stock Connect program, and CNY802 via the Shenzhen-Hong Kong Stock Connect, showed data from the exchanges.

Ping An Insurance (Group) Company of China [SHA:301318] received the largest share of stock purchases with nearly CNY2 billion, followed by China Merchants Bank Co. [SHA:600036] and New China Life Insurance Co. [SHA:601336].

Foreign institutions made CNY434 million worth of net purchases on Zhejiang Shapuaisi Pharmaceutical Co. [SHA:603168], despite it hit the 10 percent limit on two consecutive days amid public controversies over the firm's core products.

Yonghui Superstores Co. [SHA:601933] attracted many investors following the introduction of Tencent Holdings Ltd. [HKG:0700] as a new shareholder. Its share price fell steadily after a 6 percent spike at market opening after resumption of trading on Dec. 18. Overseas investors slashed holdings in the stock by CNY276 million today.