Since 2026, funds have been continuously flowing into the south. Institutional personnel: Hong Kong stocks are expected to fluctuate upwards.

In 2025, southbound funds set a record net inflow of HK$14048.44 billion. After entering 2026, southbound funds continued to increase their positions in the Hong Kong stock market. According to Wind data, as of January 13, 2026, southbound funds have accumulated a net inflow of HK$412.96 billion since the beginning of the year. With the continuous influx of southbound funds, the performance of the Hong Kong stock market has been impressive. As of the close on January 13, the Hang Seng Index has risen by over 4% since the beginning of 2026, the Hang Seng Tech Index has risen by over 6%, and over 60% of the stocks with a total market value exceeding HK$1 trillion in the Hang Seng Index have risen with an average increase of over 3%. Institutional investors believe that the current market faces a triple resonance of expectations for overseas liquidity easing, accelerated capital inflows, and upward revision of profit expectations, and Hong Kong stocks are expected to fluctuate upwards.