---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38426148.md"
description: "$XTALPI(02228.HK) capital pool "dries up": retail investors can't get in, institutions are unwilling to stayThe HK$500,000 threshold for Stock Connect directly blocks 95% of mainland retail investors, and the few remaining qualified investors only dare to test the waters with less than 5% of their positions, far from forming the "national 买单" effect seen in A-shares. Meanwhile, Hong Kong local capital has already flocked to U.S. stocks, turning Hong Kong stocks into a "forgotten market"—despite raising nearly HK$300 billion in IPOs in 2025 (ranking first globally), its average daily trading volume can't even match that of a single Tesla stock in the U.S. This "blood-sucking expansion + exhausted trading" leaves growth stocks like Jingtai Holdings with no capital support. More critically, foreign capital accounts for over 60% of Hong Kong stocks, making them prone to withdrawal at the slightest global disturbance, unlike A-shares with "national team" support—when they fall, there's no bottom."
datetime: "2026-02-04T06:59:08.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38426148.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38426148.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38426148.md)
author: "[长桥大红大紫](https://longbridge.com/en/profiles/18354995.md)"
---

# $XTALPI(02228.HK) capital pool "dries up":…


### Related Stocks

- [02228.HK](https://longbridge.com/en/quote/02228.HK.md)
- [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md)

## Comments (5)

- **mxy_89 · 2026-02-04T17:09:23.000Z**: The ridiculously expensive fees are really annoying
  - **长桥大红大紫** (2026-02-05T10:04:29.000Z): With 100 in the account, you can ask the securities company to adjust the limit, 0.15 per 10,000, 100,000 yuan to buy once for 150 yuan, sell for 150, and make a profit of 0.7 points by doing T
- **周树人的交易员 · 2026-02-04T07:20:19.000Z · 👍 3**: Objective fact, totally agree👍🏻
- **wolf-001 · 2026-02-04T07:18:15.000Z · 👍 1**: Agree
- **股神12345 · 2026-02-04T07:05:24.000Z · 👍 1**: Fully agree. The Hong Kong stock market is done for. Trading volume is very low, deposit and withdrawal requirements are high, and it ranks first globally in IPOs.