Hot themes from artificial intelligence to biotech have driven Chinese investors to pour record amounts of cash into locally listed exchange-traded funds that track Hong Kong stocks, a trend that analysts say is likely to continue.
Inflows into onshore-listed Hong Kong ETFs have reached over $26 billion so far this year, with an accelerated buying spree since June, Bloomberg Intelligence-compiled data show. Mainland retail traders are being lured by the outperformance of the city’s equities combined with their accessibility and abundance of new products to choose from.