Southbound funds saw significant net buying last week, with Chipsea Technologies attracting over HK$10 billion in additional capital.

Last week, the main stock indexes in the Hong Kong stock market collectively rose, with the Hang Seng Index up 3.53%, the Hang Seng Tech Index up 4.95%, and the Hang Seng China Enterprises Index up 4.41%. According to Securities TimesData Treasure statistics, last week, southbound funds totaled a net purchase of HK$39.055 billion, the highest single-week net purchase since April. In terms of net purchase amount, Smart Map received a net purchase of HK$13.702 billion from southbound funds last week. Southbound funds focused on increasing positions in internet giants last week, with Alibaba-W receiving a net purchase of HK$8.318 billion from southbound funds, Tencent Holdings receiving a net purchase of HK$3.029 billion, and Meituan-W receiving a net purchase of HK$1.457 billion; Xiaomi Group-W was net sold HK$8.02 billion.