What changes have occurred in the pricing power of Hong Kong stocks in the second quarter?

Wallstreetcn
2025.07.02 08:20
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CITIC Securities pointed out that since the second quarter, southbound funds have continuously flowed into Hong Kong stocks, with a cumulative net inflow of HKD 292.5 billion. The proportion of southbound holdings reached a historical high, with the proportion of Hong Kong Stock Connect holdings increasing from 19.0% to 20.7%. The foreign capital proportion decreased from 62.8% to 60.4%. In several industries, the marginal pricing power of southbound funds has significantly increased, especially in consumer services, household goods, and automotive sectors