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Mainland Chinese investors net bought HKD 10.1 billion in Hong Kong AI tech stocks via Stock Connect in August, with MiniMax Group leading the purchases, while selling financial stocks.
Mainland Chinese investors rotated into Hong Kong AI tech stocks in August, divesting from traditional sectors like financials, and using market pullbacks to increase their exposure to cutting-edge technology. Among these, AI model developer MiniMax Group recorded net purchases of HKD 10.1 billion (approximately USD 1.29 billion), making it the most net bought Hong Kong stock under the Stock Connect scheme last month.
Source：SCMP商业 · Source Link
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