Goldman Sachs: Raises this year's forecast for capital inflows into the South to $110 billion.

Goldman Sachs released a research report stating that the prediction of the southbound fund flow into the Hong Kong stock market this year has been raised from $75 billion to $110 billion. The bank mentioned that the net inflow of southbound funds from the beginning of the year to now has reached $78 billion, equivalent to 75% of the total inflow last year, with $29 billion and $22 billion respectively invested in artificial intelligence technology and high-yield stocks. The bank stated that the influence of southbound funds on the Hong Kong market is increasing in terms of holdings, transactions, and pricing capabilities. The main holdings of southbound funds are in the internet and financial sectors, with Alibaba, Tencent, and China Mobile being the most bought stocks by southbound funds since the beginning of the year, reflecting the investors' main considerations of scarcity value and shareholder returns.