Nearly 1800 funds rush south to grab chips, sweep banks and innovative drugs.

Since the beginning of this year, Hong Kong stocks have been regaining strength, and the trend of public funds heading south to chase opportunities has become more and more apparent. The latest disclosed second-quarter report for 2025 from public funds shows that nearly 1800 funds in the whole market increased their positions in Hong Kong stocks in the second quarter. Some funds have increased their holdings by more than 50 percentage points. High-growth directions represented by innovative drugs and high dividend directions represented by bank stocks have become the two "favorites" for funds to increase their positions in Hong Kong stocks.