Zhitong Financial APP learned that Baoxin Financial (01282) oversold and rebounded within days, reaching as high as HK $0.048. At the beginning of the day, it was up about 51%. During the year, Baoxin financial shares plunged 88% in the doldrums. After setting an all-time low in the middle of last month, there was a large-scale inflow of North Water, which has now increased its positions by about 17 percentage points. As of press time, Baoxin Financial rose 51.61% to HK $0.047, with a turnover of HK $140 million.

At present, southbound funds hold 35.12 per cent of Baoxin Financial (01282), compared with 18.49 per cent on May 12, when the share price hit an all-time low of HK $0.024, according to SEHK data.

Baoxin Finance is mainly engaged in automation-related equipment trade and services, financial services, manufacturing of high-tech and new energy products, property investment and development, and securities investment. In 2021, the company achieved an income of HK $6.659 billion and a net loss of HK $189 million, of which the income from property investment and development business accounted for 67.6 per cent. At the end of the period, total corporate liabilities decreased by 84.1 per cent to about HK $3.55 billion, and the asset-liability ratio (calculated by borrowing divided by net asset value) decreased significantly from 123.3 per cent to 31.7 per cent.