Group 1 - The Hong Kong stock market has experienced a significant decline in the fourth quarter, with the Hang Seng Index dropping from a high of 27,381.84 points on October 2 to a low of 25,086.54 points on December 16, indicating a weaker performance compared to US and A-shares [1] - The liquidity in the Hong Kong market has been continuously decreasing since late October, with the average daily net turnover in November being 230.7 billion HKD, a decrease of 16.1% compared to October [1] - In December, the average daily trading volume further declined by approximately 13% month-on-month, representing a 40% drop from the peak in September [1] Group 2 - Industry experts attribute the low liquidity in the Hong Kong stock market to several factors, including reduced activity from southbound funds, partial withdrawal of foreign capital, and ongoing challenges with IPOs draining liquidity [1] - As an offshore market, Hong Kong is particularly sensitive to liquidity changes, and addressing the liquidity issues will require a comprehensive approach focusing on incremental capital and market structure [1]
流动性短期制约港股行情 需要从增量资金、市场结构等角度全方位入手解决
Xin Lang Cai Jing·2025-12-21 23:37