The largest single-day purchase volume in four years, domestic capital continues to buy Hong Kong stocks in bulk
Driven by artificial intelligence technology, mainland investors' purchasing volume in the Hong Kong stock market reached a four-year high, with a net purchase of HKD 22.4 billion (approximately USD 2.88 billion) in a single day, marking the largest single-day purchase volume since 2021. The Hang Seng TECH Index rose by 2.5%, and the premium rate between A-shares and H-shares fell to about 34%, approaching the historical rebound threshold. Market risk warning, investment should be cautious
In the technology stock market driven by artificial intelligence technology, mainland investors continue to buy Hong Kong stocks in large quantities, with the buying volume reaching a four-year high!
According to Bloomberg, on Tuesday, mainland investors net bought HKD 22.4 billion (approximately USD 2.88 billion) of Hong Kong stocks through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect channels in a single day. This figure is not only the largest single-day purchase since early 2021 but also the fourth-largest single-day inflow since the establishment of the mutual market access mechanism between the two places at the end of 2016.
This wave of capital is mainly driven by the technology stock market triggered by the artificial intelligence company DeepSeek. On that day, the Hang Seng TECH Index rose by 2.5%, poised for a sixth consecutive week of gains.
As a large amount of capital flows into the Hong Kong stock market, the premium rate between A-shares and H-shares has dropped to about 34%.
Analysts point out that this level is close to the critical point that historically triggers a rebound in the premium rate. This means that the performance advantage of Chinese stocks listed in Hong Kong relative to their A-share counterparts may narrow.
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