Reported 2 days ago
Chinese mainland investors purchased HK$22.4 billion (approximately $2.88 billion) in Hong Kong stocks, marking the largest single-day buying spree since early 2021 and the fourth largest on record. This surge in investment, particularly in the Tracker Fund of Hong Kong, reflects strong confidence in the tech sector amidst ongoing market rallies. Despite some outflows from the exchange-traded fund, the buying has tightened the premium between Hong Kong and onshore stocks, raising concerns about the sustainability of Hong Kong-listed Chinese shares' outperformance.
Source: YAHOO