According to the news on January 18, the net inflow of southbound capital reached 20 billion Hong Kong dollars in the afternoon, setting a new high since the opening of the Hong Kong stock market, and has exceeded 10 billion for 11 consecutive days.

Since the beginning of this year, the cumulative purchase amount of southward funds has exceeded 130 billion Hong Kong dollars.

In the two weeks since the opening of the market in 2021, more than HK $10 billion has been spent going south to buy Hong Kong stocks every day. Among them, 19.4 billion Hong Kong dollars were inflowed on January 11!

The rich way research is in"Lugang Tong observes every week: Hong Kong Stock Connect funds set a new record, and China Mobile Limited received a net inflow of 28.8 billion."It was mentioned inThis means that the pricing power of domestic stocks in Hong Kong continues to improve.Specifically, domestic investors are not afraid of US sanctions on China's three major telecom operators, spending 36.8 billion yuan a week to increase their holdings; in addition, on Friday, Hong Kong stocks flowed into XIAOMI Group, which is also subject to US sanctions.Therefore, it is necessary for Hong Kong stock investors to pay more attention to southward funds.

In addition, the top 30 varieties recently bought by southward funds include:

$Tencent (00700.HK) $、$China Mobile Limited (00941.HK) $

$Semiconductor Manufacturing International Corporation (00981.HK) $、$Smoore International Holdings Limited (06969.HK) $

$CNOOC Limited (00883.HK) $、$China Unicom (00762.HK) $

$China Telecom Corporation (00728.HK) $、$AVIC (02357.HK) $

$China Oilfield Service (02883.HK) $、$CRRC Corporation (01766.HK) $

$Zhuzhou CRRC Times Electric (03898.HK) $、$Lenovo Group Limited (00992.HK) $

$China Communications Construction (01800.HK) $、$Hagia Medical (06078.HK) $

$China Railway Construction Corporation (01186.HK) $、$China Rallway (00390.HK) $

$Modern Animal Husbandry (01117.HK) $、$China Resources Beer (00291.HK) $

$Sunny Optical Technology (02382.HK) $、$ANTA Sports Products (02020.HK) $

$INNOVENT BIO (01801.HK) $、$Yihai International (01579.HK) $

$Man Wah (01999.HK) $、$Weimeng Group (02013.HK) $

$Tsing Tao Beer (600600.SH) $、$CITIC (06030.HK) $

Poly Xiexin Energy (03800.HK) $、$CGN Power Co.,Ltd. (01816.HK) $

$Guotai Junan (02611.HK) $、$99 (09922.HK) $

These stocks can be divided into three categories:

The first category is the very scarce varieties in A-shares.For example, Tencent, Smoore International Holdings Limited, Jiumaojiu, Yihai International, Weimeng Group, ANTA Sports Products, Zhuzhou CRRC Times Electric.

The second category is the varieties in Hong Kong stocks that have a significant performance-to-price ratio relative to A-shares.For example, China Railway Construction Corporation, China Rallway, CRRC Corporation, China Communications Construction, Guotai Junan, CITIC.

The third category is Chinese state-owned enterprise stocks that have been undervalued for a long time in the Hong Kong market.Among them, China Mobile Limited and CNOOC Limited are the most prominent. The pricing power of these companies has always been in the hands of foreign investors. China Mobile Limited's share price has stood still for 12 years, with the latest price-to-book ratio of 0.78 times. CNOOC Limited has a price-to-book ratio of 0.75 and a dividend yield of 7.95%.

This means that the pricing power of domestic stocks in Hong Kong continues to increase, as reflected in the fact that domestic investors are not afraid of US sanctions on China's three major telecom operators, spending 36.8 billion yuan a week to increase their holdings; in addition, on Friday, Hong Kong stocks have a net inflow into XIAOMI Group, which is also subject to US sanctions. Therefore, it is necessary for Hong Kong stock investors to pay more attention to southward funds.