Hong Kong stocks eye fresh inflows from mainland China’s insurers sitting on US$6 trillion
Hong Kong’s stock market is getting a dose of optimism from mainland China’s 41 trillion yuan (US$6.1 trillion) insurance industry, as some insurers are widely speculated to have bought exchange-traded funds (ETFs) in the city one month after regulators approved such purchases.
Market observers highlighted a spike in trading volume for several Hong Kong-listed ETFs on Monday as evidence of buying by the mainland insurance companies.
The National Financial Regulatory Administration, the watchdog...
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