Record breaking! Over $26 billion USD in mainland funds flowing into Hong Kong-listed ETFs, with AI and biotech sectors attracting the most investment.
Caijing APP has learned that recently, the development in hot areas such as artificial intelligence and biotechnology has prompted mainland investors to pour record amounts of money into local stock exchange traded funds (ETFs) that track Hong Kong stocks. Analysts say that this trend is likely to continue. According to Bloomberg's statistics, as of now this year, the inflow of funds into onshore listed Hong Kong ETFs has exceeded 26 billion US dollars, and investors' enthusiasm for purchases has been consistently high since June. Mainland retail investors are attracted to the outstanding performance of the Hong Kong stock market, its convenience, and the many new products available for selection.
Latest