Hong Kong Stock Market Is About to Lose Biggest Source of Funds

Bloomberg2021-02-08

Hong Kong’s stock connect trading link shut Feb. 9 to 17 $48 billion worth of Hong Kong stocks bought in 2021 via links Hong Kong’s stock traders are about to find out whether the $7.1 trillion ...

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Comments

Shifeng
2021-02-08
Shifeng
Gain back on 18 Feb
AllOrNuttin
2021-02-08
AllOrNuttin
Hold strong diamond habd
AJ1977
2021-02-08
AJ1977
Jialat!
- AJ1977:
  Xxx
- AJ1977:
  CraSh?
WSBApes
2021-02-08
WSBApes
pls comment my comment and like lol
WSBApes
2021-02-08
WSBApes
Like this post
Tedam
2021-02-08
Tedam
Like and comment please, TIA :)
- Money Sprout:
  Ok can comment back and like too?

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The stock connectclosurewill slam the brakes on record levels of inflows that helped propel Hong Kong’s equities market to its best start to a year since1985.\nInvestors north of the border turned bargain hunters in late 2020 after valuations in somesectorsonshore reached the highest in more than a decade. Mainland investors net bought a total of nearly $48 billion worth of Hong Kong stocks in the first five weeks of this year, which is already more than half of 2020’s total.\n\n“We think it might be worthwhile to take some profit ahead of the trading link halt for stocks that are heavily boosted by southbound investors” including Tencent Holdings Ltd.,MeituanandChina Merchants Bank Co Ltd, said Zhuang Jiapeng, a fund manager at Shenzhen JM Capital Co.\nStill, the incentive to take money out of the market is low given that people swapping investment ideas during the holidays could spur further gains when the links with Shenzhen and Shanghai reopen. Zhuang said he’s considering moving all of his fund’s assets into Hong Kong at some point later this year, compared with his current 70% exposure.\nWhile the shutting of the links for the Lunar New Year is an annual occurrence, traders are taking a closer look given this year’s unprecedented inflows. Tencent, for example, has seen southboundturnovervia the links account for about 42% of the stock’s average dailyturnoverso far this year, according to data compiled by Bloomberg.\nInvestors say longer-term exposure to Hong Kong is appealing given the number of mutual funds piling into the city’s assets. The financial hub is the venue for an increasing number of hot startup listings and tech giants, including short-video platform Kuaishou Technology, whichdebutedon Friday. Tencent Music Entertainment Group has selected banks to arrange its plannedsecond listingin the city.\n“Hong Kong stocks will remain attractive to mainlanders while outperformers in A-shares have skyrocketed and valuations are insane,” said Dai Ming, a fund manager at Hengsheng Asset Management Co. “We are still just at the beginning of a long-term buying trend for Hong Kong stocks.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":389843118,"gmtCreate":1612754792134,"gmtModify":1704873832419,"author":{"id":"3554690739454545","authorId":"3554690739454545","name":"Shifeng","avatar":"https://static.tigerbbs.com/7eba636a69f64b047187455fad28835a","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0,"idStr":"3554690739454545","authorIdStr":"3554690739454545"},"htmlText":"Gain back on 18 Feb&nbsp;","listText":"Gain back on 18 Feb&nbsp;","text":"Gain back on 18 Feb","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389843118","repostId":1119785345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":389850252,"gmtCreate":1612753317476,"gmtModify":1704873817423,"author":{"id":"3575371864187313","authorId":"3575371864187313","name":"AllOrNuttin","avatar":"https://static.tigerbbs.com/0b739c777774870ea98e0712896b3645","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575371864187313","authorIdStr":"3575371864187313"},"htmlText":"Hold strong diamond habd","listText":"Hold strong diamond habd","text":"Hold strong diamond habd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389850252","repostId":1119785345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":389828254,"gmtCreate":1612752737378,"gmtModify":1704873809477,"author":{"id":"3574411684600657","authorId":"3574411684600657","name":"AJ1977","avatar":"https://static.tigerbbs.com/aa526fc2ee7ebbfedc30edc637c7981f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574411684600657","authorIdStr":"3574411684600657"},"htmlText":"Jialat!","listText":"Jialat!","text":"Jialat!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/389828254","repostId":1119785345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3513853,"gmtCreate":1612752827361,"gmtModify":1680776056504,"authorId":3574411684600657,"author":{"id":3574411684600657,"idStr":"3574411684600657","authorId":3574411684600657,"name":"AJ1977","avatar":"https://static.tigerbbs.com/aa526fc2ee7ebbfedc30edc637c7981f","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President 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Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.21","exceedPercentage":"93.30%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":389828254,"type":1,"supId":0,"prevId":0,"content":"CraSh?","text":"CraSh?","html":"CraSh?"}],"langContent":"EN"},{"id":389867564,"gmtCreate":1612752180258,"gmtModify":1704873803361,"author":{"id":"3554966404999750","authorId":"3554966404999750","name":"WSBApes","avatar":"https://static.tigerbbs.com/524d2f8eb87bb134321ff44e82807a56","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3554966404999750","authorIdStr":"3554966404999750"},"htmlText":"pls comment my comment and like lol","listText":"pls comment my comment and like lol","text":"pls comment my comment and like lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389867564","repostId":1119785345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":389864363,"gmtCreate":1612752055552,"gmtModify":1704873801243,"author":{"id":"3554966404999750","authorId":"3554966404999750","name":"WSBApes","avatar":"https://static.tigerbbs.com/524d2f8eb87bb134321ff44e82807a56","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3554966404999750","authorIdStr":"3554966404999750"},"htmlText":"Like this post","listText":"Like this post","text":"Like this post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389864363","repostId":1119785345,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":389860694,"gmtCreate":1612751275418,"gmtModify":1704873790359,"author":{"id":"3574663138666653","authorId":"3574663138666653","name":"Tedam","avatar":"https://static.tigerbbs.com/b03558df0abaa80f9e6b141bb1e3d38e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574663138666653","authorIdStr":"3574663138666653"},"htmlText":"Like and comment please, TIA :)","listText":"Like and comment please, TIA :)","text":"Like and comment please, TIA 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