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Feb Southbound Funds Gulp $141B of HK Stocks, Potentially 2nd-Largest Inflow in History
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Mainland Chinese investors purchased HK$141 billion worth of Hong Kong stocks in February, setting the stage for the second-largest capital inflow on record, foreign news broke. Funds from the mainland have so far flowed steadily into Hong Kong for 20 straight months, with southbound trading accounting for an average of 47% of daily turnover this month. Currently, mainland investors collectively hold over a quarter of the shares in nearly 160 stocks. In February, southbound capital actively scooped up major tech stocks like BABA-W (09988.HK), boosting their ownership stake in the company to 6.3%. Chinese high-dividend stocks such as XIAOMI-W (01810.HK), TENCENT (00700.HK), telecoms and SOE banks also saw strong demand. AAStocks Financial News |
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