BEIJING, April 12 (Xinhua) -- Southbound investors have been seeking fortune in Hong Kong stock market as data showed their trading under the Shanghai- and Shenzhen-Hong Kong Stock Connect programs contributed consecutive daily net purchases in recent weeks, reported Xinhua-run Shanghai Securities News on Friday.
From March 26 to April 11, about 38 billion yuan of capital flowed into the Hong Kong stock market through southbound trading under the Stock Connect schemes, according to statistics with Choice, a financial data platform in China.
Industry experts held that southbound investors are betting on the emerging mid- and long-term investment value of Hong Kong stocks.
Currently, some features for a possible bottom-building of the Hong Kong stock market have appeared and thus underpin the mid- and long-term investment value of Hong Kong shares especially when market confidence recovers notably.
After a more than 3-year long correction period, the cost performance of Hong Kong stocks keeps strengthening as existence of internet companies with high stock price elasticity and state-owned enterprises with abundant cash flows and relatively high dividend distribution as well makes both aggressive and conservative investment styles possible for investors, said market players.
By April 11, Choice data showed that net capital influx into Hong Kong stock market via southbound trading of the Stock Connect programs exceeded 140 billion yuan this year. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
