According to data from the Hong Kong Stock Exchange, in 2020, the net inflow of “Beishui” into the Hong Kong stock market through the Hong Kong Stock Connect channel was about HK$670 billion, exceeding the sum of the 3 years from 2017 to 2019; the average daily net inflow of “Beishui” in January of this year formed a spectacular situation of over HK$10 billion, with January 19 further reaching a record high of HK$26.6 billion. Entering February and March, the overall southward trend of “North Water” was still good, with inflows exceeding 10 billion dollars again in many days.

The Secretary for Financial Services and the Treasury of the HKSAR Government, Xu Zhengyu, said, “The strong performance of the securities market and the continued inflow of capital confirm that Hong Kong's competitiveness and the strength and strength of the financial market is increasing day by day.”

The market generally expects that the Hong Kong stock market will continue to be hot for the rest of this year. Meanwhile, new economy stocks representing future development trends and returning Chinese concept stocks will continue to drive the IPO boom.

Deloitte expects around 130 new shares in Hong Kong to raise more than HK$400 billion in 2021. PricewaterhouseCoopers further estimates that in 2021, Hong Kong is expected to reclaim the global IPO fund-raising title it lost last year.