The Hong Kong Stock Exchange announced its highest quarterly benefit in almost four years after China recovery measures increased the volume of trade and lists.
Bloomberg | Bloomberg | Getty images
BEIJING – Chinese investors on the continent accumulate on the Hong Kong stock market to record volumes while its Hang Seng index, rich in technology, is negotiated at around three years.
According to the Wind Information Database, Net Chinese purchases from the continent of Hong Kong actions reached a record of $ 29.62 billion in Hong Kong ($ 3.81 billion).
It was the most since the Hong Kong stock market launched its “Connect” program with the continent, which allows local investors to more easily access a selected number of actions negotiated abroad. The Shanghai Connect was launched in November 2014, while the Shenzhen Connect opened its doors in December 2016.
The Hang Seng index was negotiated at around 0.7% Tuesday morning following a high sale in American actions overnight on concerns about the impact of global growth prices.
Net purchases via the Shanghai Connect reached nearly 18 billion HKD on Monday, while those of the Shenzhen Connect reached 11.63 billion HKD, the data showed.
Shares negotiated in Hong Kong of Alibaba And TenceWho are not negotiated in continental China, have seen the biggest net purchases, according to wind data.
China last week confirmed its pro-growth position by plane To support the private sector technological innovationand increase its budget deficit to a rare 4% of the gross domestic product – Including a program extended to consumer grants.
Citi’s world macro strategy team improved its point of view on Chinese actions on Monday – namely the Hang Seng China Enterprises index – overweight, while downgrading the United States to neutral.
“One of the main reasons why we did not focus on Chinese actions is the risk of a rate,” said analysts.
“Summary of this question, we believe that the case for Chinese technology was clear. A) Deepseek has proven that Chinese technology is on the Western technological border (or beyond), despite export controls. This was followed by the release of Hunyuan de Tencent (an AI video generator) and Alibaba’s QWQ-32B,” added.
“ Cheap and underestimated ” stocks ”
Chinese and foreign institutional investors began to stack in Chinese actions after Beijing began to announce more energetic recovery plans at the end of September. Chinese actions obtained another boost after the emergence of the latest Deepseek model at the end of January, caused a global technological sale. More large technological companies are negotiated in Hong Kong than in mainland China.
Manishi Raychaudhuri, CEO of Emmer Capital Partners, said that investors could soon reimburse money on emerging markets, in particular Asian emerging markets, once global actions are emerging from the current RUT.
“I would largely say that it would always be greater China, which means largely in Hong Kong, China. Actions are cheap and underestimated,” said Raychaudhuri to CNBC “Asia Street Signs“Tuesday.
“We have seen a certain degree of strengthening consumption in the form of what political decision-makers have been doing since January. It is not yet to the extent that the market would like to have, but at least it is a departure from the trend of many years,” he continued.
“So, in addition to my list, it would still be Hong Kong, China, Internet stocks, large Internet platforms and also some of the consumption names, mainly in athleist, restaurant stocks and other travel and tourism names,” said Raychaudhuri.
– Sam Meredith from CNBC and Anniek Bao contributed to this report.
