外资机构密集“扫货”优质潜力港股

Market Performance - The Hong Kong stock market has shown strong performance this year, with the Hang Seng Index and Hang Seng Tech Index rising by 27.70% and 29.79% respectively as of September 1 [1] Foreign Investment Trends - Significant inflows of foreign capital into the Hong Kong stock market have been observed, with long-term stable foreign institutions investing approximately 67.7 billion HKD and short-term flexible foreign institutions investing about 16.2 billion HKD from May to the end of July [1] - Foreign institutions have increased their holdings in quality Hong Kong stocks, with Goldman Sachs raising its stake in BYD's H shares from 2.3% at the end of last year to 3.51% as of August 29 [2] Sector Analysis - Foreign capital has a dominant presence in various sectors of the Hong Kong stock market, particularly in technology, internet, and financial sectors. For instance, foreign capital accounts for 77% of the retail sector, with long-term stable funds making up 57% and short-term flexible funds 20% [2] - Recent trends indicate a consistent inflow of foreign capital into the technology sector, particularly benefiting from the AI industry transformation [3] Future Outlook - Analysts suggest that foreign institutions still have room to increase their allocation to Hong Kong stocks, driven by factors such as improved domestic fundamentals and a favorable outlook for the RMB exchange rate [4] - High expectations for index returns in the coming years are supported by the current valuation of Chinese stocks, which are not considered overvalued, and the anticipated earnings growth of 8% to 9% per share by 2025 [4]