Southbound Stock Connect flows surge to record US$152b amid Hong Kong IPO boom
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Average daily southbound turnover soared 84 per cent year on year to HK$124.1 billion, equal to 24 per cent of city’s total market turnover.

Southbound Stock Connect flows, through which mainland Chinese investors buy Hong Kong listed shares, hit a record high in the past year, reflecting strong confidence in the city’s market on the back of a booming pipeline of initial public offerings (IPO). In the 12 months to March this year, mainland investors snapped up HK$1.19 trillion (US$151.8 billion) worth of shares in Hong Kong, according to the Securities and Futures Commission’s (SFC) annual report published on Wednesday. Average daily…

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