南向资金

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南向资金年内流入近6000亿元基金经理深挖港股投资机会
Shang Hai Zheng Quan Bao· 2025-05-11 14:09
Group 1 - Domestic capital has significantly increased its allocation to Hong Kong stocks, with net inflows of nearly 600 billion yuan this year, marking a new high in the past five years for the proportion of public funds allocated to Hong Kong stocks, which exceeded 30% as of the end of Q1 [2] - The total size of ETFs available for investment in Hong Kong stocks reached 178.99 billion yuan by the end of Q1, reflecting a growth of over 45% compared to the end of Q4 last year [2] - Goldman Sachs has raised its forecast for net southbound capital flows under the mutual market access mechanism between mainland and Hong Kong stock markets from 75 billion USD to 110 billion USD, citing the increasing attractiveness of Hong Kong stocks [2] Group 2 - The manager of the Southern Hong Kong Growth Flexible Allocation Mixed Fund believes that many growth stocks in Hong Kong have strong value attributes due to significantly increased shareholder returns, with valuations and overall dividend yields comparable to those of public utilities and cyclical industries [3] - The Hong Kong internet sector is viewed as a new value stock, with sufficient buybacks and dividends expected to offset the impact of foreign capital outflows, which have been a significant factor in the market's decline over the past three years [4] - The technology sector in Hong Kong is anticipated to benefit from the recent launch of high-quality, low-cost open-source models, driving the proliferation of artificial intelligence applications and creating new use cases [4]
中金:预计后续年内相对确定的南向增量约为2000-3000亿港元
智通财经网· 2025-05-10 07:22
Group 1 - The core viewpoint indicates a significant slowdown in southbound capital inflows since late April, with net outflows observed on 5 out of the last 10 trading days, contrasting sharply with the rapid inflows seen from February to mid-April [1] - As of the end of Q1, the domestic actively managed equity funds' holdings in Hong Kong stocks reached a historical high of 30.8%, suggesting that institutional "bullets" may not be as plentiful as previously thought [1] - The estimated incremental southbound capital for the year is projected to be around HKD 200-300 billion, with total inflows expected to reach approximately HKD 800-1,000 billion for the year [1] Group 2 - In the recent week, there was a cumulative net inflow of HKD 7.27 billion over four trading days, significantly higher than the HKD 1.24 billion inflow in the three trading days before the May Day holiday, with an average daily inflow of HKD 1.82 billion compared to HKD 0.41 billion the previous week [2] - The stocks with the highest inflows included Meituan, China Construction Bank, and Alibaba, while Tencent, Xiaomi Group, and SMIC saw the most selling [2] Group 3 - According to EPFR data, there was an expansion in active foreign capital outflows, with USD 0.4 million flowing out of A-shares and USD 1.2 million from Hong Kong stocks and ADRs, indicating a shift in fund focus towards China and emerging markets [3] - Conversely, passive foreign capital turned to inflows, with USD 2.6 million flowing into A-shares and USD 3.7 million into Hong Kong stocks and ADRs, primarily from funds focused on China, emerging markets, and global markets [3] - As of the end of March, the allocation of major global active funds to China was 6.8%, down from 13% in early 2018 and 15% in early 2021, indicating a slight increase from 6.5% at the end of February but still reflecting a low allocation compared to benchmarks [3]
美股三大指数集体高开,美联储:通货膨胀仍“一定程度上处于高位”
Sou Hu Cai Jing· 2025-05-08 14:55
北京时间5月6日晚,美股三大指数集体高开,道指涨0.5%,纳指涨0.27%,标普500指数涨0.68%。 美国科技七巨头集体上涨。特斯拉涨超2%;谷歌、亚马逊、脸书、微软涨超1%;苹果、英伟达分别上涨0.79%、0.78%。 | < W | 万得美国科技七巨头指数(MAGS) | | | | --- | --- | --- | --- | | 47818.33 622.81 +1.32% | | | | | 老版 成分 | 资讯 | 相关基金 | | | 名称 | 现价 | 涨跌幅 ◆ | li | | 特斯拉(TESLA) | 282.110 | 2.13% | | | TSLA.O | | | | | 谷歌(ALPHABET)· | 155.042 | 1.47% | | | GOOG.O | | | | | 脸书(META PLATF | 605.805 | 1.51% | | | META.O | | | | | 亚马逊(AMAZON) | 191.080 | 1.26% | | | AMZN.O | | | | | 微软(MICROSOFT | 440.000 | 1.53% | | | MSFT. ...
恒生指数收盘涨0.13%,恒生科技指数跌0.75%。医药股跌幅居前,百济神州跌近8%,药明生物跌近7%,药明康德跌近3%。南向资金净卖出78.66亿元。
news flash· 2025-05-07 08:19
恒生指数收盘涨0.13%,恒生科技指数跌0.75%。医药股跌幅居前,百济神州跌近8%,药明生物跌近 7%,药明康德跌近3%。南向资金净卖出78.66亿元。 ...