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Southbound Investors Buy $778B of H-shrs This Yr, New High Since 2016
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Chinese investors bought a total of $778 billion of Hong Kong stocks through the Shenzhen-Hong Kong Stock Connect (SZ-HK Stock Connect) and Shanghai-Hong Kong Stock Connect (SH-HK Stock Connect ) this year through last Friday (20th), a record high since 2016, with BABA-W (09988.HK), BANK OF CHINA (03988.HK) and CHINA MOBILE (00941.HK) receiving the largest purchases, according to Bloomberg's data. Onshore investors increased their share of trading in Hong Kong to a record 45% in 4Q24 amid stimulus measures launched in mainland China and the RMB depreciation. AAStocks Financial News |
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