Chinese Investor Buying Fuels Bullishness for Hong Kong Stocks
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Mainland investors snatched up HK$141 billion ($18.1 billion) of Hong Kong stocks this month as they drove a Deepseek-induced rally that has put February inflows on track to reach the second largest on record.
Southbound investors have been avid buyers of leading tech names like Alibaba Group Holding Ltd. this month, taking their combined stakes in the company to a record 6.3% in the less than six months it’s been included in the trading link. Xiaomi and Tencent have also topped their shopping list, along with dividend plays among telecommunications and state-owned bank stocks.