Analysis-Chinese money fires up Hong Kong shares
By Samuel Shen and Summer Zhen
SHANGHAI/HONG KONG (Reuters) -Chinese investors are piling into Hong Kong shares lured by lower valuations and the city’s strategic position in China’s growing rivalry with the United States.
A record $90 billion of cash from the mainland has driven a stellar 21% rally in Hong Kong stocks in the first half of 2025, reshaping the landscape of a market foreign investors have avoided for several years.
“The Hong Kong stock market is being repriced by mainland money,” said Chen Dong, fund manager at Hangzhou Ultraviolet Private Fund. Chinese money “is gushing in from various directions in a gold rush,” he said.
In stark contrast, China’s benchmark CSI 300 has barely moved. Disillusioned with…
