To The Moon

Last Saturday, the National Bureau of Statistics released the February CPI numbers, up 0.7% year-on-year, reversing the previous consecutive negative growth situation. The month-on-month jump of 1.0%, 0.7 percentage points higher than the previous month, exceeding market expectations.This good news has the market all smiles. Southbound funds have been flowing in for five days straight, with a whopping HK $11.4 billion bought on Wednesday alone. That's a record! And the whole week net purchase hit HK $21.38 billion.Looking at the sectors, the optional consumption and daily consumption sector led the rise, while those high-dividend sectors like finance, energy, and telecom that the market had been embraced up to out of economic fears are seeing some red.With this positive mood, growth stocks

Foreign investment in China's asset allocation has decreased, especially with significant outflows from the Hong Kong stock market. This is quite evident, and for trend investors, there is no need to consider any such type of holdings at this time.According to EPFR's data, the overweight allocation of foreign investment in Chinese assets peaked in 2018-2019 and has been declining ever since. In 2020, passive funds had the highest overweight allocation.Passive funds tend to be more related to stock indices such as the $HSI(HSI)$ and the $HSTECH(HSTECH)$ . The valuations of both A-shares and H-shares have declined significantly after 2021, which has also led to a slight decrease in the proportion of passiv