On December 23, 2024, mainland Chinese investors significantly increased their investments in Hong Kong stocks, purchasing a record HK$778 billion (approximately $100 billion) this year. This figure represents the highest annual amount since the trading links between mainland China and Hong Kong were established in 2016.
The surge in buying activity reflects a growing appetite for risk assets in Hong Kong, driven by renewed market optimism and a weakening yuan. Notable stocks purchased include those of Alibaba Group Holding Ltd., Bank of China Ltd., and China Mobile Ltd.