Southbound funds bought more than 210 billion yuan of Hong Kong stocks during the year.
Recently, Hong Kong stocks continued to strengthen, and after a short period of consolidation, they rose for three consecutive days. As of May 13, the Hang Seng Index stood steady at 19000 points, with a cumulative increase of more than 12% for the year, a nine-month high.
Hong Kong stocks continued to rebound, southbound funds did not slow the pace of net buying, and net purchases of Hong Kong stocks on May 13Unityblockchain.700 million Hong Kong dollars, with a cumulative net purchase of 2336 Hong Kong stocks during the yearUnityblockchain. 6.2 billion Hong Kong dollars (equivalent to more than 210 billion yuan), accounting for 70% of the cumulative net purchase last year, and has a strong desire to raise funds.
Against the backdrop of no significant improvement in fundamentals, the rebound in the Hong Kong stock market is widely believed to be driven by capital. Southbound funds continue to flow into the Hong Kong stock market, setting the bottom for Hong Kong stocks.UnityblockchainIt has played a positive role. After April 11, foreign capital flowed heavily into Hong Kong stocks, which together contributed to a strong rise in Hong Kong stocks.
Looking ahead, some institutions said that the current rally in Hong Kong stocks is expected to continue and will gradually switch from the Hang Seng Technology Index to a high dividend sector. The pricing power of southbound funds is expected to be greatly enhanced in the future, replacing the style of Hong Kong stocks dominated by foreign investors.
There is a lot of money going south.
On May 13, the Hang Seng Index rose 0.8%, the closing price exceeded 19000 points, the Hang Seng Technology Index rose 1.42%, and the State-owned Enterprises Index rose 0.64%. Hong Kong stocks have continued to rise strongly recently, with a cumulative increase of more than 12% this year, a nine-month high, which has aroused widespread concern in the market.
Citic Construction Investment Securities said that the core reason for the recent strong rise in Hong Kong stocks is the improvement in the capital side. This round of rise, southbound funds play a leading role, since February continued to flow, by the dividend plate gradually spread to other plates. After April 11, there was a substantial inflow of foreign capital into Hong Kong stocks, which resonated with domestic capital to push up the current round of Hong Kong stocks.
BoCom International agrees that Hong Kong stocks have continued to rebound since April and the biggest buyers in the market are foreign investors. From the end of March to early May, there was a slight net increase in foreign capital holdings.
From the perspective of southward capital flows, the net purchase of Hong Kong stocks on May 13 was 8.807 billion Hong Kong dollars, the highest since April 17, with obvious signs of fund-raising.
For the whole year, the cumulative net purchase of Hong Kong stocks by southward funds reached 233.662 billion Hong Kong dollars, accounting for 70% of the cumulative net purchase last year, and there is a strong desire to raise funds.
Hong Kong stock market resources plate, Internet technology plate rose one after another, driving the market trading sentiment to pick up. Recently, the Hong Kong real estate sector rebounded, superimposed dividend dividend tax reduction rumors, the Hong Kong stock market ushered in the second wave of rebound.
Judging from the performance of the plate, the information, financial and real estate sectors led the rise in the past 20 days. The raw materials, energy and information sectors have led the gains so far this year, while health care remains the worst performer, falling more than 16 per cent during the year.
The underlying funds of Hong Kong stocks are elated.
The Hong Kong stock market continued to rebound, and the ETF, the subject of Hong Kong stocks, which had lost money for many years, finally ushered in a strong rebound.
In the past 60 days, Hong Kong Stock Exchange Internet ETF, Hong Kong Stock Connect Technology 30ETF, Hong Kong Stock Internet ETF and Hong Kong Stock Connect Internet ETF have all risen by more than 40%, which is enough to show the recent rebound of Hong Kong stocks.
Judging from the full-year performance of cross-border ETF, the ETF of Hong Kong stocks led the growth, with Hong Kong stock dividend ETF, Hong Kong state-owned enterprise ETF, Hong Kong stock dividend ETF, Hong Kong stock state-owned enterprise ETF and H-share ETF all up more than 20% during the year.
The ETF performance of Hong Kong stocks outperformed ETF in Europe and the United States, becoming the prettiest performer in the QDII market this year.
The trading volume of Hong Kong stocks' underlying ETF continued to increase. For example, on May 13, the daily turnover of Hang Seng Internet ETF was close to 4 billion yuan, and the Hang Seng Technology Index ETF and Hang Seng Technology ETF reached 2.981 billion yuan and 2.614 billion yuan respectively.
Some Hong Kong equity-themed active equity funds have also performed well. Such as Qianhai open source Shanghai, Hong Kong and Shenzhen Huixin, Castrol Shanghai, Hong Kong and Shenzhen returns, Huatai Berry Hong Kong shares through quantification, rich countries, Shanghai, Hong Kong and Shenzhen high-quality assets and other funds that contain Hong Kong volume have all increased by more than 20% this year.
In fact, the Hong Kong stock market has performed poorly in recent years, and most investors have invested in Hong Kong stocks through fixed investment in ETF. With the recent rebound in the Hong Kong stock market, the overall losses of investors holding Hong Kong stock ETF have gradually narrowed. And active equity fund managers are actively embracing Hong Kong stocks, constantly increasing positions in Hong Kong stocks at the bottom.
For example, according to the first quarterly report disclosed by the Yifangda Blue Chip Select Fund, Zhang Kun continued to increase his position in the Hong Kong stock market, with a stock position of about 43.99% held through Hong Kong Stock Connect.UnityblockchainFu Pengbo and Zhu