历史第五！爆买

Group 1 - Southbound funds have been aggressively buying into the Hong Kong stock market, with a net purchase of 236.34 billion HKD on April 8, marking the fifth highest single-day net purchase in history [1][2] - Since the beginning of April, southbound funds have accumulated nearly 1,000 billion HKD in net purchases over just five trading days, and year-to-date net purchases have approached 5,400 billion HKD [1][3] - The inflow of southbound funds is attributed to the decline in domestic risk-free interest rates and the improved industry outlook benefiting from more AI-related companies in the Hong Kong market [1][3] Group 2 - The sectors that have seen significant net purchases from southbound funds over the past three months include retail, banking, media, telecommunications, pharmaceuticals, and electronics [1][3][4] - In the last month, the most net purchases by southbound funds were in retail (180.7 billion HKD), banking (183.88 billion HKD), media (110.89 billion HKD), and pharmaceuticals (147.47 billion HKD) [5][4] - Southbound funds have shown a preference for a "barbell" investment strategy, focusing on high-dividend assets on one end and technology growth and consumer discretionary sectors on the other [3][5] Group 3 - Since October 2024, southbound funds have consistently demonstrated large-scale and rapid net purchases, with net purchases reaching 838.15 billion HKD in October 2024 and peaking at 1,250.20 billion HKD in November 2024 [6] - The trading volume of southbound funds has significantly increased, accounting for approximately 42.80% of the total trading volume of the Hang Seng Index this year [6][7] - The role of southbound funds in the Hong Kong market has become increasingly important, driven by active participation from individual and private investors, as well as ongoing allocations from public and insurance funds [7]