The Hang Seng Technology Index rose more than 4% in the afternoon, with a cumulative increase of over 13% this week. In terms of constituent stocks, as of press release, Shangtang-W (00020) rose 24.1% to HK$1.03; Xiaopeng Motor-W (09868) rose 8.62% to HK$30.25; Kuaishou-W (01024) rose 6.63% to HK$56.3; and JD Group-SW (09618) rose 6.2% to HK$118.2.
The Zhitong Finance App learned that the Hang Seng Technology Index rose more than 4% in the afternoon, with a cumulative increase of more than 13% this week. In terms of constituent stocks, as of press release, Shangtang-W (00020) rose 24.1% to HK$1.03; Xiaopeng Motor-W (09868) rose 8.62% to HK$30.25; Kuaishou-W (01024) rose 6.63% to HK$56.3; and JD Group-SW (09618) rose 6.2% to HK$118.2.
According to the news, the International Finance Association (IIF) released the latest report showing that in March of this year, the Chinese stock market and bond market saw net capital inflows simultaneously for the first time, and the Chinese stock market and bond market absorbed 1.7 billion US dollars and 2.1 billion US dollars respectively. Furthermore, as of April 25, there was a net inflow of southbound capital for 11 consecutive weeks since the Spring Festival, with a cumulative net inflow of HK$206.326 billion from the beginning of the year to date.
CITIC Construction Investment released a research report saying that the core reason for the recent rise in Hong Kong stocks is an improvement in capital. The biggest suppression of Hong Kong stocks in the second half of last year was a shift in the systemic outflow of foreign capital to Japan. Recently, the focus of foreign capital allocation in the Asia-Pacific region has shifted again from Japan to Hong Kong stocks, and the liquidity of Hong Kong stocks has improved dramatically. In terms of domestic investment, driven by favorable policies and a high dividend market, southbound capital has recently increased dramatically, further consolidating the upward trend of Hong Kong stocks. We think the best long window for Hong Kong stocks this year has arrived.