智通财经4月30日电，截至目前，南向资金净买入额达30亿港元。 ...

近日，国家药监局领导带队赴广东，走访部分医药企业、科研单位和药品审评检查部门，围绕加强监管 和服务高质量发展深入调研。药监局领导对广东省医药产业创新发展和质量安全监管工作予以肯定，强 调要落实全面深化药品监管改革要求，进一步提升监管效能，推进生物制品分段生产试点；健全"一支 队伍、一张网络和一套标准"，高质量实施药品补充申请改革试点；探索优化前置服务，巩固提升跨国 企业在华投资发展信心，支持引导骨干企业、国家重点实验室等加大创新药物研发力度。 4月30日，节前最后一日，创新药板块表现值得关注。港股创新药ETF（159567）走高0.24%，实时成交 额已超过1.46亿元。创新药ETF（159992）走高0.14%，成交额超3551万元。 每日经济新闻 消息面上，国际投行高盛最新报告称，已将今年南向资金流入的预测值由750亿美元提高至1100亿美 元，理由包括：H股在盈利增长、估值和股息率方面更具吸引力、新上市公司和中概股回归等造成港股 可投资标的扩容、对冲人民币汇率的需求等。 西南证券表示，2025年初以来，医疗研发外包、生物制品、原料药板块表现突出。集采政策优化预期及 AACR、ELCC等大会召开，为创新药 ...

Group 1 - The core viewpoint of the articles indicates that there is a projected net inflow of southbound funds into the Hong Kong stock market, estimated to be between 800 billion HKD to 1 trillion HKD for the year, with a more certain incremental inflow of 200 billion HKD to 300 billion HKD in the latter part of the year [1][2] - Recent trends show that southbound funds have favored non-essential consumer stocks, with a net buying amount exceeding 600 billion HKD in the past month, while sectors like telecommunications have seen significant net selling [2] - Analysts suggest that the Hong Kong stock market is expected to see stable earnings growth, supported by a reduction in the impact of US tariff policies and proactive macroeconomic policies from China [3] Group 2 - The Hang Seng Index has shown slight fluctuations, with a recent closing at 22,008.11 points, reflecting a mixed performance over the past trading days [1] - Southbound funds recorded a net outflow of 43.94 billion HKD this week, with notable outflows on specific days, indicating a temporary shift in investor sentiment [1][2] - Analysts recommend focusing on sectors that benefit from domestic demand policies, such as consumer and technology sectors, as well as industries with lower trade dependency and higher dividend yields, including finance, energy, telecommunications, public utilities, essential consumption, and real estate [3]

南向资金今日净卖出64.24亿港元。其中， 盈富基金、 恒生中国企业分别遭净卖出约36.89亿港元、 12.52亿港元； 美团-W获净买入约12.52亿港元。 ...

Summary of Key Points - Southbound funds recorded a net sell of 64.24 billion HKD today [1] - In the Hong Kong Stock Connect (Shanghai), the Tracker Fund of Hong Kong and Tencent Holdings saw net sells of 26.19 billion HKD and 4.88 billion HKD respectively [1] - Meituan-W topped the net buy list with an amount of 6.88 billion HKD in the Hong Kong Stock Connect (Shanghai) [1] - In the Hong Kong Stock Connect (Shenzhen), the Hang Seng China Enterprises Index and the Tracker Fund of Hong Kong experienced net sells of 12.52 billion HKD and 10.7 billion HKD respectively [1] - Meituan-W also led the net buy list in the Hong Kong Stock Connect (Shenzhen) with a net buy amount of 5.65 billion HKD [1]

南向资金净卖额达50亿元。 ...

智通财经4月29日电，截至发稿，南向资金净卖出超30亿港元。 ...

Group 1 - The core viewpoint of the report is that the southbound capital inflow is expected to reach approximately HKD 800 billion to HKD 1 trillion this year, with various scenarios for the Hang Seng Index (HSI) based on different market conditions [1][2] - In a baseline scenario, the HSI is projected to be around 20,500 points, while in a positive scenario, it could recover to between 23,000 and 24,000 points, and in a pessimistic scenario, it may drop to around 18,000 to 19,000 points due to a 7% decline in corporate earnings [1][2] - Since the beginning of the year, the net inflow of southbound capital has reached HKD 604.08 billion, which is approximately three-quarters of the total inflow of HKD 807.87 billion for the entire previous year, with an average daily inflow 2.5 times that of last year [1] Group 2 - The report indicates that the current sentiment in the market reflects a pessimistic outlook similar to that of late 2018, with the HSI potentially fluctuating around 20,500 points unless new risks emerge [2] - The report highlights that the market has become desensitized to tariff figures, focusing more on the actual impact on growth, which is closely tied to the progress of negotiations and the effectiveness of mainland policies [2] - It is noted that sectors with technology support and lower export exposure, such as internet technology, remain key investment themes, while cyclical sectors related to domestic demand may present better opportunities if fiscal policies can provide adequate support [2]

Core Viewpoint - The Hong Kong stock market has shown strong performance since 2025, driven by the DeepSeek concept and southbound capital, with the Hang Seng Tech Index rising over 40% year-to-date [1] Southbound Capital Flow - As of mid-April, southbound capital has seen a cumulative net inflow of 604.1 billion HKD, nearing 75% of the total inflow for 2024 [3] - The size of mainland investable Hong Kong stock ETFs surged to 179 billion HKD by the end of Q1, a 45% increase quarter-on-quarter, with March alone seeing a net inflow of 23.4 billion HKD [3] - The trend indicates a significant shift towards ETF investments by individual investors, contrasting with the relatively stable growth of active equity public funds [3] Fund Holdings Structure - Public funds are increasingly concentrating on new economy sectors, with their holdings in these areas rising from 71% in Q4 2024 to 79.3% [4] - Key sectors benefiting from increased allocations include e-commerce, semiconductors, biotechnology, and media entertainment, while traditional sectors like consumer services and energy are seeing a decline [4] - The concentration of holdings among public funds has reached a five-year high, with the top three holdings (Tencent, Alibaba, SMIC) accounting for 39.8% of the market value of the top 100 holdings [4] Future Southbound Capital Potential - Projections suggest that total southbound capital inflow for 2025 could reach between 800 billion to 1 trillion HKD, with a certain increase of 200 to 300 billion HKD expected [5] - If the proportion of active equity fund holdings rises to 35-40%, it could contribute an additional 75 to 150 billion HKD [5] - The emotional-driven nature of ETF investments may increase market volatility, making precise predictions challenging [5] Market Outlook - The Hang Seng Index target scenarios include a baseline of 20,500 points, an optimistic scenario reaching 23,000 to 24,000 points, and a pessimistic scenario dropping to 18,000 to 19,000 points [6] - Investment strategies should focus on internet technology stocks with low export exposure, cyclical sectors like consumption and infrastructure if fiscal policies are strengthened, and closely monitor export-related sectors for U.S. tariff policy changes [6]

4月28日南向资金成交活跃股 4月28日恒生指数下跌0.04%，南向资金全天合计成交金额为772.40亿港元，其中，买入成交396.35亿港 元，卖出成交376.05亿港元，合计净买入金额20.30亿港元。具体来看，港股通（深）累计成交金额 315.96亿港元，买入成交156.42亿港元，卖出成交159.54亿港元，合计净卖出金额3.13亿港元；港股通 （沪）累计成交金额456.44亿港元，买入成交239.93亿港元，卖出成交216.51亿港元，合计净买入金额 23.43亿港元。 成交活跃股方面，今日上榜个股中，南向资金成交金额最多的是康方生物，合计成交额51.75亿港元， 阿里巴巴-W、腾讯控股成交额紧随其后，分别成交37.36亿港元、32.09亿港元。以净买卖金额统计，净 买入的个股共有6只，盈富基金净买入额为20.43亿港元，净买入金额居首，该股收盘股价平盘报收，恒 生中国企业净买入额为12.51亿港元，康方生物净买入额为7.79亿港元。净卖出金额最多的是阿里巴巴- W，净卖出14.25亿港元，该股收盘股价下跌0.35%，腾讯控股、小米集团-W遭净卖出5.97亿港元、2.57 亿港元。 今日上榜个股中， ...