Southbound Funds Witness Net Inflows Exceeding 160 Billion Yuan This Year
3 hour ago / Read about 0 minute
Author:小编   

Data sourced from Wind reveals that, as of March 4, amidst the 37 trading days in the Hong Kong stock market this year, southbound funds have registered net inflows on 27 of those days, constituting over 70% of the total trading days. The cumulative net inflow has amounted to 161.245 billion yuan. Notably, there were 8 trading days where the net inflows surpassed 10 billion yuan. Since February, despite the Hong Kong stock market facing downward pressure, with the Hang Seng Index and the Hang Seng Tech Index declining by 7.81% and 15.54% respectively, southbound funds have notably bolstered their positions. Net purchases in February soared to 80.321 billion yuan, marking an increase of over 30% compared to January. This trend clearly exhibits the characteristic of 'buying more as the market declines'.