Caixin
Jun 06, 2023 02:00 PM
FINANCE

Mainland Investors Snap Up Most Hong Kong Shares in Two Years

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pictureHong Kong’s benchmark Hang Seng Index posted their biggest rally since early March on Friday. Photo: Bloomberg
pictureHong Kong’s benchmark Hang Seng Index posted their biggest rally since early March on Friday. Photo: Bloomberg

(Bloomberg) — Chinese mainland investors bought the most Hong Kong shares in over two years through trading links with the city on Monday.

A net HK$10.9 billion ($1.53 billion) of shares were purchased by onshore investors, the biggest daily flow since February 2021, following three straight days of net selling. That kind of interest from the mainland can have varied effects — the Hang Seng China Enterprises Index peaked shortly after a round of buying in early 2021.

 

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