Core Viewpoint - The influx of mainland capital into the Hong Kong stock market has accelerated in 2025, with a net buying amount of 1.09 trillion HKD by September 15, surpassing the total for the entire year of 2024, indicating a significant shift in market dynamics and pricing logic towards a new era of domestic pricing in Hong Kong stocks [2][3][4]. Group 1: Capital Inflow Dynamics - As of September 15, 2025, the net buying amount of southbound funds reached 1.09 trillion HKD, exceeding the total net buying amounts from 2020 to 2024, which were 672.125 billion HKD, 454.396 billion HKD, 386.291 billion HKD, 318.842 billion HKD, and 807.869 billion HKD respectively [3]. - The continuous inflow of southbound funds is reshaping the pricing logic and ecological structure of the Hong Kong stock market, leading to a liquidity boom driven by these funds [3][4]. Group 2: Investment Focus and Trends - The primary focus of the inflow is on high-growth sectors such as innovative pharmaceuticals and technology, with significant interest in leading internet companies like Alibaba, Meituan, and Tencent [2][5]. - By September 15, 2025, southbound funds had net purchases of over 130 billion HKD in Alibaba, more than 50 billion HKD in Meituan, and approximately 25 billion HKD in Tencent, highlighting strong investor confidence in these companies [5][6]. Group 3: Market Outlook - Multiple institutions express optimism about the future of the Hong Kong stock market, suggesting that liquidity easing and improving corporate earnings will support a structural market rally, particularly in technology and finance sectors [7][8]. - The potential for a U.S. interest rate cut could further enhance the attractiveness of the Hong Kong market, allowing it to capture more international capital seeking higher-risk assets [7][8].

Group 1 - Southbound funds recorded a net sell of 31.89 billion HKD today [1] - Alibaba-W, Meituan-W, and Baize Medical were the top three net buy stocks, with net purchases of 30.31 billion HKD, 7.16 billion HKD, and 3.28 billion HKD respectively [1] - The net sell stocks included the Tracker Fund of Hong Kong, Xiaomi Group-W, and SMIC, with net sells of 46.39 billion HKD, 5.69 billion HKD, and 4.13 billion HKD respectively [1]

（文章来源：证券时报网） 港股通（沪）（亿港元） 40.39 港股通（深）（亿港元） 15.78 港股通合计（亿港元） 56.16 具体来看，港股通（沪）ETF买入及卖出成交额40.39亿港元，港股通（深）ETF买入及卖出成交额 15.78亿港元。（数据宝） 南向资金ETF买入及卖出成交额 今日（9月15日）南向资金ETF买入及卖出成交额为56.16亿港元，较前一日增加40.33亿港元，占南向资 金今日成交额的3.59%。 ...

从连续性进行统计， 有2只股获南向资金连续3天以上净买入，连续净买入天数较多的有阿里巴巴-W、 中芯国际，连续净买入天数分别为17天、5天。以其间净买入金额统计，净买入金额最多的是阿里巴巴- W，合计净买入为468.09亿港元，其次是中芯国际合计净买入为17.78亿港元。（数据宝） 9月15日南向资金成交活跃股 | 代码 | 简称 | 成交金额（万港元） | 成交净买入（万港元） | 今日涨跌幅（%） | | --- | --- | --- | --- | --- | | 09988 | 阿里巴巴-W | 1300666.90 | 528493.33 | 2.32 | | 02800 | 盈富基金 | 291580.11 | 278209.88 | 0.30 | | 03690 | 美团-W | 342282.84 | 67224.98 | 0.83 | | 01347 | 华虹半导体 | 90561.00 | 33007.78 | 2.46 | | 06681 | 脑动极光-B | 263443.47 | 26615.08 | 34.93 | | 02617 | 药捷安康-B | 405238.35 | 1 ...

具体看，港股通（沪）买入成交510.65亿港元，卖出成交440.97亿港元，合计成交额951.62亿港元，成 交净买入69.68亿港元；港股通（深）买入成交342.97亿港元，卖出成交267.92亿港元，合计成交610.89 亿港元，成交净买入75.05亿港元。（数据宝） 南向资金今日成交概况 | | 买入成交额 | 卖出成交额 | 成交净买入 | | --- | --- | --- | --- | | | （亿港元） | （亿港元） | （亿港元） | | 港股通（深） | 342.97 | 267.92 | 75.05 | | 港股通（沪） | 510.65 | 440.97 | 69.68 | | 合计 | 853.62 | 708.89 | 144.73 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （原标题：南向资金今日净买入144.73亿港元，连续12日净买入） 9月15日南向资金全天成交额1562.51亿港元，成交净买入144.73亿港元。 证券时报•数据宝统计显示，9月15日恒生指数上涨0.22%，南向资金合计买入成交853.62亿港元，卖出 成交708.89亿港元，合计成 ...

(本文来自第一财经) 南向资金净买入144.73亿港元。其中阿里巴巴-W、盈富基金、美团-W净买入额位列前三，分别获净买 入52.85亿港元、27.82亿港元、6.72亿港元。净卖出方面，小米集团-W、泡泡玛特、康方生物分别遭净 卖出7.19亿港元、4.52亿港元、2.29亿港元。 ...

| 指数 | 最新 | 涨跌幅 | | --- | --- | --- | | 相生指数 | 26446.56 | 0.22% | | 国企指数 | 9384.76 | 0.21% | | 红筹指数 | 4364.23 | -0.76% | 每经AI快讯：北京时间9月15日16:00，恒生指数收盘上涨58.4点，涨幅为0.22%，报收26446.56点；国企 指数收盘上涨19.82点，涨幅为0.21%，报收9384.76点；红筹指数收盘下跌33.34点，跌幅为0.76%，报收 4364.23点。南向资金当日净流入144.73亿港元。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 （记者 陈鹏程） ...

Group 1 - The total trading volume of southbound funds in ETFs today is 1.584 billion HKD, which is a decrease of 1.3 billion HKD compared to the previous day, accounting for 1.00% of the total trading volume of southbound funds today [1][2] - The trading volume of southbound funds through the Shanghai-Hong Kong Stock Connect in ETFs is 0.920 billion HKD [2] - The trading volume of southbound funds through the Shenzhen-Hong Kong Stock Connect in ETFs is 0.664 billion HKD [2]

9月12日南向资金全天成交额1579.91亿港元，成交净买入73.31亿港元。 证券时报·数据宝统计显示，9月12日恒生指数上涨1.16%，南向资金合计买入成交826.61亿港元，卖出 成交753.30亿港元，合计成交额1579.91亿港元，全天成交净买入73.31亿港元，连续11日净买入。 具体看，港股通（沪）买入成交478.86亿港元，卖出成交493.73亿港元，合计成交额972.59亿港元，成 交净卖出14.87亿港元；港股通（深）买入成交347.75亿港元，卖出成交259.57亿港元，合计成交607.32 亿港元，成交净买入88.18亿港元。（数据宝） （文章来源：证券时报网） 南向资金今日成交概况 | | 买入成交额（亿港元） | 卖出成交额（亿港元） | 成交净买入（亿港元） | | --- | --- | --- | --- | | 港股通（深） | 347.75 | 259.57 | 88.18 | | 港股通（沪） | 478.86 | 493.73 | -14.87 | | 合计 | 826.61 | 753.30 | 73.31 | ...

Market Performance - The Hang Seng Index closed at 26,388.16 points, up by 301.84 points, representing a gain of 1.16% [1][2] - The State-Owned Enterprises Index closed at 9,364.94 points, increasing by 104.69 points, with a rise of 1.13% [1][2] - The Red Chip Index finished at 4,397.57 points, up by 18.3 points, reflecting a growth of 0.42% [1][2] Capital Flow - Southbound funds recorded a net inflow of 7.331 billion Hong Kong dollars on the same day [1]