Summary:
- Mainland Chinese investors have been buying a record amount of Hong Kong stocks in 2023, with their net purchases reaching over $30 billion in the first two months of the year.
- This surge in investment from the mainland is driven by the reopening of China's economy and the lifting of COVID-19 restrictions, which has increased investor confidence and appetite for Hong Kong-listed stocks.
- The strong inflow of mainland capital has helped boost the Hang Seng index, which has gained over 10% so far this year, outperforming other major global markets.