---
title: "今年以來南向資金累計淨流入首次突破 9000 億港元"
description: "今年以來，南向資金累計淨流入首次突破 9000 億港元，達到 9008 億港元。本週淨流入為 217.51 億港元，環比下降 63.15%。中銀國際研報指出，南下資金已成為港股市場的重要增量資金來源，尤其偏好中概股。港股被視為對中概股更具制度包容性，形成估值溢價預期。阿里巴巴本週獲南向資金淨買入 33.39 億港元，騰訊、小米及中芯國際均在 10 億港元以上。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/252352888.md"
published_at: "2025-08-10T05:36:10.000Z"
---

# 今年以來南向資金累計淨流入首次突破 9000 億港元

> 今年以來，南向資金累計淨流入首次突破 9000 億港元，達到 9008 億港元。本週淨流入為 217.51 億港元，環比下降 63.15%。中銀國際研報指出，南下資金已成為港股市場的重要增量資金來源，尤其偏好中概股。港股被視為對中概股更具制度包容性，形成估值溢價預期。阿里巴巴本週獲南向資金淨買入 33.39 億港元，騰訊、小米及中芯國際均在 10 億港元以上。

據統計，本週南向資金淨流入 217.51 億港元，環比下降 63.15%，今年以來累計淨流入達到 9008 億港元，首次突破 9000 億港元。中銀國際研報認為，隨着港股通制度的不斷深化，內地南下資金已成為港股市場重要增量資金來源，特別偏好中概股這類具有中資背景、符合新經濟方向的標的。相較於美股對中概股在信息披露、審計合規等方面的制度性打壓，港股被視為更具制度包容性與政策安全感的資本港灣，因而形成一定的估值溢價預期。從成交淨買入金額來看，大型科技股均獲得南向資金加倉。其中，阿里巴巴-W 本週獲南向資金淨買入金額最高，達到 33.39 億港元，已連續 4 周獲南向資金持股量增長，最新持股量為 15.79 億股，佔港股總股數的 8.26%。另外騰訊控股、小米集團-W、中芯國際淨買入金額均在 10 億港元以上。

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