Xin Lang Cai Jing·2025-08-15 10:56Core Insights - Southbound capital saw a cumulative net inflow of approximately 38.12 billion HKD this week, a significant increase of about 75% compared to the previous week, primarily driven by a record single-day inflow of 35.88 billion HKD on Friday [2] - The total trading volume of southbound capital this week reached 725.22 billion HKD, accounting for approximately 56.52% of the total trading volume of the Hang Seng Index, which rose by 1.65% over the week [2] Southbound Capital Inflows - The top net purchases included: - Xiaomi Group-W (01810.HK): 3.63 billion HKD - Alibaba-W (09988.HK): 3.30 billion HKD - China Life (02628.HK): 1.35 billion HKD - Tencent Holdings (00700.HK): 1.05 billion HKD [3][4] - Notable net sales included: - Kuaishou-W (01024.HK): 2.36 billion HKD [4] Stock Performance - Xiaomi Group-W experienced a cumulative increase of 3.12% this week, with short-term capital inflows accelerating [4] - Alibaba-W saw a cumulative increase of 1.55%, continuing the trend of short-term capital inflows [4] - China Life recorded a significant increase of 8.46%, with continuous short-term capital inflows [4] - Tencent Holdings rose by 5.53%, also benefiting from ongoing short-term capital inflows [4] - Kuaishou-W faced a decline of 5.50%, with short-term capital accelerating outflows [4] Trading Activity - On the record inflow day, southbound capital net bought approximately 35.88 billion HKD, marking the second highest single-day net purchase this year [4] - The trading volume for southbound capital reached approximately 179.62 billion HKD, the highest in nearly three weeks, representing 57.44% of the Hang Seng Index's trading volume for that day [4][5] ETF Purchases - Major net purchases through Hong Kong stock ETFs included: - Tracker Fund of Hong Kong (02800.HK): 12.79 billion HKD - Hang Seng China Enterprises Index (02828.HK): 5.36 billion HKD - Southern Hang Seng Technology Index (03033.HK): 2.18 billion HKD [5]