Southbound funds' cumulative net purchases surpass 5 trillion Hong Kong dollars
Jinse Finance reported that the Hong Kong stock market has reached a new milestone. On November 10, southbound funds achieved a net purchase of HKD 6.654 billions through Stock Connect, pushing the net purchase amount for the year to over HKD 1.3 trillions. Since the launch of Stock Connect, the cumulative net inflow has also exceeded HKD 5 trillions, setting a new record since the inception of the interconnection mechanism.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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