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<Research>HSBC Research Favors HKEX/ BOC HONG KONG, Confident in Long-Term Capital Inflows to Southbound Connect Equities
Recommend 24 Positive 27 Negative 10 |
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With recent historical highs in the inflow and outflow of southbound funds, investors have raised more questions regarding the capital flow through Southbound Stock Connect, HSBC Global Research revealed in its research report. The broker, however, believes that Southbound Connect stocks play a stabilizing role. Despite significant short-term fluctuations, it remains confident in long-term capital inflows. Among Hong Kong financial stocks, HSBC Global Research favors HKEX (00388.HK) and BOC HONG KONG (02388.HK) over AIA (01299.HK), as HKEX's revenue benefits from increased market activity, while BOC HONG KONG is more suitable for long-term southbound yield-oriented investors. Regarding Chinese financial stocks, HSBC Global Research prefers bank stocks over insurance stocks in the short term, as banks have a good track record in terms of stable earnings and dividends, with their core business being less correlated with the stock market. In particular, the broker is more inclined towards large state-owned banks, such as ICBC (01398.HK) and CCB (00939.HK). AAStocks Financial News |
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