From May 13 to May 17, China Securities Hong Kong Stock Connect Internet Index (9316375inchreeltoreeltape.CSI) This week's cumulative increase of 3.35inchreeltoreeltape.92%, with a cumulative increase of 51.11% since February.
Feng Chencheng, fund manager of Hong Kong Stock Internet ETF (513770), pointed out5inchreeltoreeltape: The current rise in Hong Kong stocks mainly benefits from funds5inchreeltoreeltapeBehind the improvement is the rebalancing of asset allocation in the Asia-Pacific region by overseas investors. On March 19, the central bank announced a rate hike, ending years of negative interest rate policy. The yen's unexpected decline triggered foreign investment to withdraw from the Japanese market and flow to Hong Kong stocks again. The recent strength of the Hong Kong dollar confirmed the large inflow of foreign investment. Since April 11, major foreign banks have been bullish on Hong Kong stocks, and the focus of foreign investment allocation in the Asia-Pacific market has once again shifted to Hong Kong stocks.