Mainland investors have bought a net HK$661 billion ($85 billion) of the city’s shares, easily the most since both of Hong Kong’s trading links with onshore exchanges began operating in 2016.
IN A year disrupted by a global pandemic, political upheaval and abrupt setbacks for some of Hong Kong’s biggest stocks, investors point to one constant as to why 2021 looks brighter: relentless levels of money coming in.
Mainland investors have bought a net HK$661 billion ($85 billion) of the city’s shares, easily the most since both of Hong Kong’s trading links with onshore exchanges began operating in 2016.
At more than $51 billion, the amount of capital raised from Hong Kong initial public offerings and secondary listings is the most in a decade, as the city positions itself to be the preferred venue for big Chinese firms. The inflows have been so strong that Hong Kong’s de-facto central bank had to repeatedly step in to weaken the local currency.
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