How to understand the rise of Hong Kong stocks? "Extreme" structural market under abundant funds + asset scarcity

Wallstreetcn
2025.07.21 01:35
portai
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The Hong Kong stock market has remained active since the beginning of 2025 due to the emergence of new narratives, with an average daily trading volume reaching HKD 240.6 billion and an average daily inflow of southbound funds of HKD 6.15 billion, approaching last year's total level. Despite the overall economic downturn, structural trends remain active, with popular sectors experiencing crowded trades and more companies listing in Hong Kong, with 51 IPOs this year raising over HKD 100 billion