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.

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