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南向资金追踪|净买入超153亿港元 扫货三大ETF加仓阿里和美团
Xin Lang Cai Jing· 2025-08-27 10:29
Group 1 - Southbound funds traded approximately HKD 191.17 billion today, an increase of nearly HKD 43 billion compared to the previous day, accounting for 51.48% of the total turnover of the Hang Seng Index [2] - Despite the decline in Hong Kong stocks, southbound funds significantly increased their positions, with a net purchase of approximately HKD 15.37 billion, including a net inflow of about HKD 9.00 billion from the Shanghai-Hong Kong Stock Connect and HKD 6.37 billion from the Shenzhen-Hong Kong Stock Connect [2] - Major ETFs such as the Tracker Fund of Hong Kong, Hang Seng China Enterprises Index ETF, and Southern Hang Seng Technology ETF saw substantial inflows of HKD 5.55 billion, HKD 3.04 billion, and HKD 0.95 billion respectively [2] Group 2 - Individual stocks with significant net purchases included Alibaba Group (HKD 2.18 billion), Meituan (HKD 1.78 billion), and CanSino Biologics (HKD 0.57 billion) [3] - Stocks with notable net outflows included SMIC (HKD 0.66 billion) and Xiaomi Group (HKD 0.30 billion) [3] Group 3 - Alibaba Group's stock rose by 0.16%, with short-term fund trends remaining unclear, having reduced holdings by 1.54 million shares over the past five days [4] - Meituan's stock fell by 3.08%, but short-term funds accelerated inflows, increasing holdings by 24.10 million shares over the past five days [4] - CanSino Biologics' stock dropped by 7.10%, with short-term fund trends remaining unclear, having reduced holdings by 90,000 shares over the past five days [4] - SMIC's stock rose by 0.09%, with short-term funds primarily flowing in, having increased holdings by 4.22 million shares over the past five days [4] - Xiaomi Group's stock fell by 0.56%, with short-term fund inflows slowing down, having increased holdings by 2.53 million shares over the past five days [4] Group 4 - In the past month, the top active stocks in the Shanghai-Hong Kong Stock Connect included SMIC, Alibaba Group, and Tencent Holdings, with net outflows of HKD 0.59 billion, HKD 1.14 billion, and HKD 0.54 billion respectively [6] - In the Shenzhen-Hong Kong Stock Connect, the top active stocks included SMIC, Alibaba Group, and the Tracker Fund of Hong Kong, with net outflows of HKD 0.72 billion, HKD 1.04 billion, and HKD 2.49 billion respectively [7]
图解丨南下资金净卖出港股146.8亿港元,逆势加仓腾讯、泡泡玛特
Ge Long Hui A P P· 2025-08-20 10:27
Group 1 - Southbound funds recorded a net sell of HKD 14.682 billion in Hong Kong stocks today [1] - Notable net purchases included Tencent Holdings at HKD 969 million, Pop Mart at HKD 343 million, and Oriental Selection at HKD 302 million [1] - Significant net sells were observed in the Tracker Fund at HKD 10.32 billion, Hang Seng China Enterprises at HKD 5.727 billion, and Alibaba at HKD 527 million [1] Group 2 - Southbound funds have net bought Tencent for four consecutive days, totaling HKD 3.70154 billion [1] - In the Shanghai Stock Connect, the top net sell was in the Yi Gao Fund at HKD 6.681 billion, while the top net buy was in Oriental Gambling at HKD 304 million [3] - Pop Mart experienced a price increase of 12.5% with a net buy of HKD 606 million, while Xiaomi Group saw a slight increase of 0.3% with a net buy of HKD 651 million [3]
单日狂扫359亿港元!南向资金创纪录
Di Yi Cai Jing Zi Xun· 2025-08-15 15:37
Core Viewpoint - Despite a pullback in the Hong Kong stock market, southbound capital has surged, with a record net inflow of 358.76 billion HKD on August 15, 2025, surpassing the total inflow for the previous two weeks combined [2][3]. Group 1: Southbound Capital Inflow - Year-to-date, southbound capital has seen a cumulative net inflow exceeding 938.9 billion HKD, surpassing the total for the entire year of 2024 within just eight months [2][3]. - The recent trend shows a significant shift in investment strategy, with a focus on high-dividend financial stocks and growth sectors such as technology and healthcare [2][4]. Group 2: Sector Preferences - In the past month, net purchases by southbound capital in the financial, information technology, and healthcare sectors reached 482.2 billion HKD, 317.48 billion HKD, and 238.54 billion HKD, respectively, while there was a net sell-off of 220.05 billion HKD in the consumer discretionary sector [4][5]. - Notable stock performances include significant gains in pharmaceutical and brokerage stocks, indicating a shift in market sentiment despite overall market declines [5]. Group 3: Market Dynamics - The influx of southbound capital is attributed to the valuation gap in the Hong Kong market, which has been in a prolonged correction phase, making it attractive for mainland investors seeking quality assets [6]. - The phenomenon of "asset scarcity" is also driving this trend, as there is a surplus of capital in mainland China with limited high-quality investment opportunities available [6]. Group 4: Market Influence and Pricing Power - In 2024, southbound capital accounted for approximately 34.64% of the total trading volume in the Hong Kong stock market, a significant increase from previous years [7]. - While southbound capital is gaining influence, it still faces challenges in achieving absolute pricing power due to the dominant position of foreign capital and market mechanisms such as short selling [8][9]. - The share of southbound capital in small-cap and high-dividend stocks is notable, with a significant portion of the top 15 stocks being high-dividend payers [9].
单日狂扫359亿港元!南向资金创纪录
第一财经· 2025-08-15 15:19
Core Viewpoint - Despite a pullback in the Hong Kong stock market, southbound capital is accelerating its inflow, reaching a record high net purchase of 358.76 billion HKD on August 15, 2025, surpassing the total of the previous two weeks combined [3][4][5]. Group 1: Southbound Capital Inflow - Southbound capital has seen explosive growth in 2025, with cumulative net inflow exceeding 938.9 billion HKD within just eight months, surpassing the total for the entire year of 2024 [3][5]. - The "barbell" strategy is being adopted by mainland investors, focusing on high-dividend financial stocks while also increasing holdings in technology and healthcare sectors [3][5][6]. - Key sectors attracting southbound capital include financials, information technology, and healthcare, with net purchases of 482.2 billion HKD, 317.48 billion HKD, and 238.54 billion HKD respectively in the past month [5][6]. Group 2: Market Dynamics - The recent trend of "abandoning consumption and pursuing finance and healthcare" has influenced the performance of the Hong Kong stock market, with pharmaceutical and brokerage stocks showing strength despite overall market declines [6]. - Major holdings of southbound capital include Tencent Holdings at 556.4 billion HKD, China Mobile, and several major banks, each exceeding 200 billion HKD [6]. Group 3: Reasons for Inflow - Analysts attribute the accelerated inflow of southbound capital to valuation levels and an "asset shortage" in the market, as Hong Kong stocks remain undervalued despite recent gains [7]. - The high liquidity in mainland China, with M2 reaching 330 trillion RMB, has led to a search for effective investment opportunities, making Hong Kong stocks attractive for both stable returns and growth potential [7]. Group 4: Pricing Power and Market Influence - Southbound capital's share of trading volume in the Hong Kong market reached approximately 34.64% in 2024, up from 20%-30% in previous years [9]. - Despite the significant inflow, southbound capital does not possess "absolute pricing power" due to the dominant position of foreign capital and limitations in short-selling and participation in private placements [10]. - Southbound capital is gaining influence in certain sectors, particularly in consumer and dividend stocks, with holdings in food retail and telecommunications exceeding 50% [10][11].
单日狂扫359亿港元!创纪录的南向资金都买了啥
Di Yi Cai Jing· 2025-08-15 14:45
Group 1 - The core viewpoint of the article highlights the accelerating trend of southbound capital inflow into the Hong Kong stock market, even amidst market corrections [2][3] - On August 15, southbound capital recorded a net purchase of 35.876 billion HKD, setting a historical single-day net buying record, surpassing the total of the previous two weeks [2][3] - Year-to-date, southbound capital has cumulatively net inflowed over 938.9 billion HKD, exceeding the total for the entire year of 2024 within just eight months [3][5] Group 2 - The investment strategy of mainland funds is characterized by a "barbell" approach, focusing on high-dividend financial stocks while also increasing holdings in technology and healthcare sectors [2][3] - Notably, from August 1 to August 14, southbound capital net purchases in financial, information technology, and healthcare sectors amounted to 48.22 billion HKD, 31.748 billion HKD, and 23.854 billion HKD respectively, while there was a net sell of 22.005 billion HKD in consumer discretionary [4][5] - The preference for high-dividend assets and growth sectors reflects a shift in investment focus, contributing to the performance of specific stocks such as pharmaceutical and brokerage firms [4][5] Group 3 - The influx of southbound capital is attributed to factors such as valuation disparities and an "asset shortage" in the market, with many domestic investors seeking opportunities in undervalued Hong Kong stocks [5][6] - As of 2024, southbound capital accounted for approximately 34.64% of the total trading volume in the Hong Kong stock market, a significant increase from previous years [6][7] - Despite the growing influence of southbound capital, external investors still dominate the market, holding a substantial portion of shares, which limits the absolute pricing power of southbound funds [7][8] Group 4 - Southbound capital's holdings in stocks with over 30% ownership are primarily in small-cap and high-dividend stocks, indicating a preference for stable returns [8] - The rapid inflow of southbound capital has historically correlated with a decline in the AH premium, as evidenced by the drop in the Hang Seng Shanghai-Shenzhen-Hong Kong Stock Connect AH premium index [8]
公募加码、ETF爆量、南向破纪录,港股后市机会在哪儿?
第一财经· 2025-08-06 06:05
Core Viewpoint - The Hong Kong stock market has experienced significant volatility, with southbound capital showing dramatic fluctuations, but the long-term investment trend remains strong, particularly in the technology sector [3][5][6]. Group 1: Market Performance and Capital Flow - The Hong Kong stock market has shown a pattern of rising and then falling, with the Hang Seng Index and Hang Seng Tech Index experiencing maximum drawdowns of 5.3% and 7.79% respectively in the last 10 trading days as of August 5 [5]. - On August 4, southbound capital saw a net outflow exceeding 18 billion HKD, while on August 5, it reversed direction with a net inflow of 234.25 billion HKD, indicating a strong recovery in buying interest [5][6]. - Year-to-date, southbound capital inflows have reached 884.38 billion HKD, surpassing the total inflow for the entire previous year of 807.87 billion HKD, marking a historical high [6][7]. Group 2: ETF and Fund Investment Trends - The trend of investing in Hong Kong stocks through ETFs has surged, with the total scale of 79 Hong Kong Stock Connect-themed ETFs reaching 238.16 billion HKD, nearly doubling from 81.99 billion HKD at the end of last year, an increase of 190.45% [6][7]. - Public funds have increased their allocation to Hong Kong stocks, with over 1,700 products raising their Hong Kong stock positions in the second quarter, and the proportion of public fund holdings in Hong Kong stocks rising from 36.9% to 39.8%, a record high since the launch of the Shanghai-Hong Kong Stock Connect [7][8]. Group 3: Sector Focus and Investment Logic - The public funds have focused on increasing their holdings in the pharmaceutical, banking, and non-bank financial sectors, with significant increases in shares for companies like CSPC Pharmaceutical and China Construction Bank [10]. - The current valuation uplift in the Hong Kong stock market is attributed to policy benefits, global liquidity easing, and market sentiment, shifting the core logic from mere valuation recovery to a value reassessment based on new productive forces and high-quality development [10][11]. - As southbound capital's share continues to rise, the investment characteristics of the Hong Kong market are changing, with a decreasing correlation with global markets and a higher correlation with A-shares [10][11].
公募加码、ETF爆量、南向破纪录 港股后市机会在哪儿?
Di Yi Cai Jing· 2025-08-06 00:40
随着港股市场上演冲高回落行情,引发南向资金流向波动,出现"一日撤离、一日回流"的戏剧性场景。 继前一日单日净卖出超180亿港元后,南向资金8月5日逆转方向,大举回流234.25亿港元,部分被抛售 的个股重获青睐。尽管市场短期波动加剧,资金南下抢筹的全年强劲趋势未改。目前,南向资金净流入 额已超去年全年并创历史新高;此外,借道ETF布局港股趋势同样明显,多只相关产品规模暴增十余 倍。 在市场波动之际,机构对于港股的长期价值仍持有共识。招商基金投研人士对第一财经表示,短期港股 受海外市场扰动出现调整下跌,但中长期看,香港科技板块因其高成长性和技术壁垒,或成为未来资金 关注的重点方向,港股市场盈利或迎来修复,有望继续走出由盈利驱动的行情。 港股冲高回落引资金分歧 7月以来,港股市场整体呈现冲高回落的走势。数据显示,截至8月5日,恒生指数、恒生科技指数在最 近10个交易日中的最大回撤分别达到5.3%、7.79%。随着市场开启快速回调,资金也开始出现分歧。 8月4日,港股市场快速回调引发南向资金直线撤离,当日净卖出超过180亿港元,净流入额达到年内第 三高的峰值。其中,阿里巴巴-W、英诺赛科、快手-W分别获净买入7.2 ...
南向资金今日净买入234.26亿港元,盈富基金净买入62.93亿港元
Market Overview - On August 5, the Hang Seng Index rose by 0.68%, with total southbound trading amounting to HKD 129.701 billion, including buy transactions of HKD 76.563 billion and sell transactions of HKD 53.138 billion, resulting in a net buy of HKD 23.426 billion [1] Southbound Trading Details - The southbound trading through Stock Connect (Shenzhen) had a total trading amount of HKD 47.198 billion, with buy transactions of HKD 28.343 billion and sell transactions of HKD 18.854 billion, leading to a net buy of HKD 9.489 billion [1] - The southbound trading through Stock Connect (Shanghai) had a total trading amount of HKD 82.504 billion, with buy transactions of HKD 48.220 billion and sell transactions of HKD 34.284 billion, resulting in a net buy of HKD 13.936 billion [1] Active Stocks - The most actively traded stock by southbound funds was the Tracker Fund of Hong Kong, with a total trading amount of HKD 6.3006 billion and a net buy of HKD 6.2929 billion, closing with a price increase of 0.63% [1] - Tencent Holdings and SMIC followed, with trading amounts of HKD 4.898 billion and HKD 3.569 billion, respectively [1] - A total of 12 stocks experienced net buying, with Tencent Holdings seeing a net buy of HKD 0.832 billion and Southern Hang Seng Technology a net buy of HKD 0.798 billion [1] Continuous Net Buying - Among the stocks, Tencent Holdings, Xiaomi Group-W, and Kuaishou-W were continuously net bought for more than three days, with Tencent Holdings leading with a total net buy of HKD 4.426 billion over nine days [2] - Xiaomi Group-W followed closely with a net buy of HKD 4.411 billion over eight days, and Kuaishou-W with HKD 2.452 billion over four days [2] Summary of Active Stocks on August 5 - The following table summarizes the active stocks and their respective trading amounts, net buying, and daily price changes: | Code | Name | Trading Amount (HKD million) | Net Buy (HKD million) | Daily Change (%) | |--------|--------------------|------------------------------|-----------------------|-------------------| | 02800 | Tracker Fund | 6300.64 | 6292.99 | 0.63 | | 00700 | Tencent Holdings | 4897.79 | 831.72 | 1.64 | | 03033 | Southern Hang Seng Tech | 868.05 | 798.36 | 0.93 | | 01024 | Kuaishou-W | 2408.49 | 646.71 | 2.79 | | 02015 | Li Auto-W | 2927.53 | 586.03 | 1.58 | | 09988 | Alibaba-W | 3391.32 | 511.50 | -0.17 | | 01357 | Meituan | 2976.58 | 386.43 | -6.92 | | 09926 | CanSino Biologics | 877.47 | 290.20 | 7.17 | | 03690 | Meituan-W | 901.74 | 270.26 | -0.08 | | 01810 | Xiaomi Group-W | 2887.14 | 248.22 | -0.46 | | 02577 | InnoCare Pharma | 2303.82 | 232.89 | -6.65 | | 00981 | SMIC | 3568.78 | 121.27 | -0.97 | | 01788 | Guotai Junan International | 2225.67 | -5.07 | -0.94 | [2]
南向资金8月5日净买入超234亿港元:加仓盈富基金62.93亿港元
Jin Rong Jie· 2025-08-05 10:10
8月5日消息,南向资金今日成交1297.01亿港元,净流入约234.26亿港元。其中沪港股通净流入约139.36 亿港元,深港股通净流入约94.89亿港元 交易所数据显示,8月5日南向资金动向: 大幅净买入:盈富基金(02800.HK)62.93亿港元、腾讯控股(00700.HK)8.32亿港元、南方恒生科技 (03033.HK)7.98亿港元、快手-W(01024.HK)6.47亿港元、理想汽车-W(02015.HK)5.86亿港元、阿里巴巴- W(09988.HK)5.11亿港元。 大幅净卖出:国泰君安国际(01788.HK)5072.01万港元。 成交详情 南方恒生科技今日涨0.93%,深港股通净买入7.98亿港元。 快手W今日涨2.79%,沪港股通净买入3.41亿港元,深港股通净买入3.05亿港元。 理想汽车W今日涨1.58%,沪港股通净买入2.86亿港元,深港股通净买入3.00亿港元。 阿里巴巴W今日跌0.17%,沪港股通净买入2.57亿港元,深港股通净买入2.55亿港元。 国泰君安国际今日跌0.94%,沪港股通净卖出5072.01万港元。 本文源自:金融界 作者:金股通 盈富基金今日涨0.63%, ...
北水动向|北水成交净买入234.26亿 内资再度抢筹港股ETF 科网股亦获加仓
智通财经网· 2025-08-05 10:07
Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, indicating a positive sentiment among investors towards certain stocks and sectors, particularly technology and ETFs [1][6]. Group 1: Northbound Trading Activity - Northbound trading recorded a net buy of HKD 234.26 billion, with HKD 139.36 billion from the Shanghai Stock Connect and HKD 94.89 billion from the Shenzhen Stock Connect [1]. - The most purchased stocks included the Tracker Fund of Hong Kong (盈富基金, 02800), Tencent (00700), and the Southern Hang Seng Technology ETF (南方恒生科技, 03033) [1][6]. - The stock with the highest net sell was Guotai Junan International (国泰君安国际, 01788), with a net outflow of HKD 50.72 million [1][9]. Group 2: Individual Stock Performance - The Tracker Fund of Hong Kong (02800) saw a net inflow of HKD 62.93 billion, while Tencent (00700) had a net inflow of HKD 5.26 billion [2]. - Other notable net inflows included InnoCare Pharma (英诺赛科, 02577) with HKD 2.33 billion, and Alibaba (阿里巴巴-W, 09988) with HKD 2.57 billion [2][8]. - Li Auto (理想汽车-W, 02015) received a net inflow of HKD 5.86 billion following an announcement of configuration adjustments for its i8 model [7]. Group 3: Sector Insights - The technology sector, which constitutes nearly one-third of the Hong Kong market, is expected to undergo a revaluation driven by improving fundamentals and policy expectations [6]. - Companies like Meitu (美图公司, 01357) reported a projected net profit increase of 65% to 72% year-on-year, indicating strong operational performance [7]. - UBS highlighted the potential of Akeso's core product AK112 in various cancer treatments, projecting significant revenue contributions from upcoming clinical trials [8].