Lates News

As an important channel for foreign institutions to allocate high-quality assets in China, the Hong Kong stock market has attracted a large influx of funds. The latest data from the Hong Kong Stock Exchange shows that from May to the end of July, long-term stable foreign institutional funds accumulated a total inflow of approximately HK$67.7 billion, while short-term flexible foreign institutional funds inflowed approximately HK$16.2 billion. Many high-quality Hong Kong stocks have seen intensive buying by foreign institutions. For example, as of August 29th, Goldman Sachs (Asia) Securities Limited's holding in BYD Company H shares reached 3.51%, a significant increase from 2.3% at the end of last year. Wu Xinkun, Chief Analyst at CICC Taihong Overseas Strategy, believes that there has been a positive change in the fund situation of the Hong Kong stock market's technology sector recently, with consistent inflows of long and short-term foreign institutional funds. (Securities Daily)