Chinese Investors Boost HSBC Through Stock Connect: Chart

Net purchases of HSBC Holdings Plc shares by Chinese investors through the Hong Kong-Shanghai stock-trading link topped HK$7.39 billion ($952 million) this month, already surpassing 2016’s biggest monthly total of HK$7.07 billion in June. Bond investors spooked by some recent defaults are buying blue-chip Hong Kong stocks with high dividend yields such as HSBC, said Wei Hou, a banking analyst at Sanford C. Bernstein & Co. HSBC, the Hang Seng Index’s second-highest yielding stock, was the top net buy among Hong Kong stocks via the trading link for seven out of September’s eight trading days so far.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE