Lates News

Goldman Sachs released a research report stating that the prediction of this year's inflow of Southbound funds in Hong Kong stocks has been raised from $75 billion to $110 billion. The bank mentioned that Southbound funds have seen a net inflow of $78 billion since the beginning of the year, equivalent to 75% of the total inflow last year, with $29 billion and $22 billion respectively invested in artificial intelligence (AI) technology and high-yield stocks. The bank stated that the influence of Southbound funds on the Hong Kong market in terms of holdings, transactions, and pricing capabilities is increasing. The Southbound funds mainly hold positions 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 scarcity value and shareholder returns as the main considerations for investors.