港股资金专题报告：南向加码银行医药，外资流向硬件设备

Group 1 - The report highlights that from June 3 to June 5, 2025, southbound funds saw a net inflow of HKD 65.77 billion, primarily flowing into the pharmaceutical and biotechnology, consumer discretionary retail, automotive and parts, banking, and oil and petrochemical sectors [1][3][29] - The top five sectors for southbound fund inflows during this period were pharmaceutical and biotechnology (HKD 21.27 billion), consumer discretionary retail (HKD 18.87 billion), automotive and parts (HKD 14.75 billion), banking (HKD 14.72 billion), and oil and petrochemical (HKD 6.68 billion) [3][29] - Conversely, the sectors experiencing the largest outflows included hardware equipment (HKD -11.08 billion), software services (HKD -5.43 billion), and durable consumer goods (HKD -4.15 billion) [3][29] Group 2 - During the same period, foreign institutional funds experienced a net outflow of HKD 67.90 billion, with significant inflows into hardware equipment (HKD 17.43 billion), media (HKD 10.08 billion), and software services (HKD 6.52 billion) [4][34] - The sectors with the highest net outflows for foreign institutional funds were consumer discretionary retail (HKD -40.57 billion), automotive and parts (HKD -21.19 billion), and pharmaceutical and biotechnology (HKD -19.72 billion) [4][34] - The report notes that the performance of the Hong Kong stock market was influenced by financial innovations, such as the enactment of the Stablecoin Regulation in Hong Kong and positive signals from US-China diplomatic communications [2][4]