Southbound Capital Inflow Surpasses HK$900 Billion Milestone for 2023
1 week ago / Read about 0 minute
Author:小编   

This week, the net inflow of southbound funds totaled HK$21.751 billion, marking a 63.15% decrease from the previous week. Nonetheless, the year-to-date cumulative net inflow has achieved a notable milestone, surpassing HK$900 billion for the first time. Chinese mainland investors have demonstrated a strong preference for new economy stocks, particularly Chinese concept stocks, as they perceive Hong Kong's stock market as offering institutional inclusivity and policy security. Within this sector, large technology stocks have been in high demand. Alibaba-W recorded the highest net buy of HK$3.339 billion, while Tencent Holdings, Xiaomi Group-W, and SMIC all witnessed net buys exceeding HK$1 billion.

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