On March 11 (Wednesday), the Hang Seng TECH Index opened high but fell back, closing down 0.11%. Southbound funds saw a net inflow of over HKD 3.4 billion throughout the day. Previously, on March 9, southbound funds had a net inflow of HKD 37.2 billion, setting a record for the highest net inflow in a single day.
After three consecutive days of rebound, some funds are showing a heavy wait-and-see sentiment regarding the Hang Seng TECH Index, possibly waiting for more reversal signals. On the news front, the U.S. core CPI data for February will be released on Wednesday evening, and the inflation performance will influence the Federal Reserve's next decision on interest rate cuts, which in turn will indirectly affect the U.S. dollar index and the liquidity of emerging markets, including Hong Kong stocks.
Since the beginning of 2026, southbound funds have continued the momentum from last year. As of March 11, southbound funds have accumulated a net purchase of over HKD 170 billion this year. Tech stocks such as Tencent Holdings and Alibaba have become the focus for southbound funds looking to buy on dips.
Ordinary individual investors who do not have a Hong Kong stock or Hong Kong Stock Connect account can also participate through related ETFs with low thresholds and diversification, such as the Hang Seng TECH Index ETF (513180.SH) and the Hang Seng Internet ETF (513330.SH), which are listed on mainland stock exchanges. These ETFs passively track the index and hold major Hong Kong tech giants like Tencent Holdings, Alibaba, Meituan, Xiaomi Group, and Baidu, eliminating the hassle of opening accounts and currency exchange.
Daily Economic News

TCTZF

STECH

07300

Net inflow of southbound funds exceeded HKD 170 billion this year, and on March 11, the Hang Seng TECH Index closed down 0.11%. On March 9, the net inflow of southbound funds reached HKD 37.2 billion, setting a new single-day historical high. Market sentiment is cautious, awaiting the release of the U.S. February CPI data, which will influence the Federal Reserve's interest rate decision and the U.S. dollar index. Technology stocks such as Tencent and Alibaba have become key targets for fund purchases. Individual investors can participate in Hong Kong stock investments through ETFs

腾讯新闻 - 财经

Tencent Holdings Limited

Hang Seng TECH Index

FI CSOP HSI

Krne Csi China Internet

KraneShares 2x Long BABA Daily ETF

GX HS TECH

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

FI2 CSOP HSI

HSTECH ETF

E Fund CSI HK Connect Internet ETF

iShares MSCI China

CAM HS TECH

Tianhong Hang Seng TECH ETF(QDII)

CSOP HS TECH

BABA 2x Long Daily ETF - GraniteShares

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

ISHARESHSTECH

AXA SPDB CSI Hugangshen Game and Culture Media ETF

FL2 CSOP HSI

Hwabao CSI HK Equities Internet ETF

TENCENT

BABA-W

Alibaba

Tencent

Net inflow of southbound funds exceeds HKD 170 billion this year, as the market awaits the release of the U.S. February CPI