Foreign institutions are collectively bullish on and buying Hong Kong stocks.

Alibaba's stock price has surged, foreign institutions are bullish, and the lineup of cornerstone investors in Hong Kong IPOs is luxurious, indicating that international capital is re-evaluating and positioning itself in the Hong Kong stock market. In mid-September, after the Federal Reserve cut interest rates, the US dollar weakened and US bond yields fell, leading to a global "rebalancing" demand, with Hong Kong as an international financial center becoming one of the hot destinations for global fund inflows. Deloitte's Capital Markets Services in China stated in its report "Review and Outlook of Mainland China and Hong Kong IPO Markets in the first three quarters of 2025" that as the Federal Reserve begins its rate cut cycle, more overseas funds are expected to seek investments in high-growth targets in Asia, including the mainland and Hong Kong markets.