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Mainland Chinese investors snapped up more Hong Kong equities so far this year than in all of 2024, as southbound flows hit HK$866.8 billion (US$110.4 billion) up to July, according to data compiled by Wind. That was already 107 per cent of last year’s total.
Net purchases via the southbound channel during the first half of the year reached HK$731.2 billion – equivalent to 91 per cent of the total for all of 2024, the report showed. All told, the southbound scheme brought in HK$4.42 trillion as of the end of June 30 since its inception, according to the report.
By contrast, in the northbound channel, the average daily turnover fell to 171.3 billion yuan (US$23.8 billion) in the first half of this year, with its share of total mainland market turnover dipping to 6.3 per cent from 7.1 per cent a year earlier.
Kenny Ng, a strategist at Everbright Securities International, said the inflow trend was likely to persist as structural factors continue to drive demand.
