韩国投资者54亿美元加仓中国资产，多家外资机构看好中国股市

Group 1 - As of July 15, 2025, South Korean investors have accumulated over $5.4 billion in trading volume in mainland China and Hong Kong stock markets, making China their second-largest overseas investment destination after the U.S. [1] - South Korean investors show a strong preference for Hong Kong stocks, with notable net purchases in companies like Xiaomi ($170 million), BYD ($93.1 million), and CATL ($60.89 million) [1] - The trend of South Korean investors aggressively buying Chinese assets reflects a global shift in capital allocation, driven by the resilience of the Chinese economy and significant breakthroughs in technology sectors like AI [1] Group 2 - Bridgewater Associates has adopted a more optimistic investment strategy in China, reporting a 5.8% return for its onshore fund in Q2 and a total return of 13.6% for the first half of the year [2] - Citigroup has upgraded its rating on China's consumer sector from "neutral" to "overweight," highlighting the growth prospects in China's internet and technology industries [2] - There is a growing belief among foreign investors that China's capital market has more room for excess returns, particularly in a low-interest-rate environment, focusing on companies with healthy cash flows and stable ROE [2] Group 3 - The Hong Kong stock market has remained active in 2025, with the average daily trading volume reaching HKD 230.2 billion (approximately RMB 210.5 billion) in June, a 107% increase year-on-year [3] - The average daily trading volume for the first half of 2025 was HKD 240.2 billion (approximately RMB 219.7 billion), marking a 118% increase compared to the same period last year [3] - Despite the structural inflow of regional and trading funds, long-term foreign capital has yet to return to the Hong Kong market, although there remains a willingness to allocate to quality stocks and structural highlights [3]