《大行報告》中銀國際料「北水」今年流入港股增至8,000億人幣 成港股重估主要推手
中銀國際發表中國資本市場策略報告表示,基於港股通南向交易近一年資金流入強勁,並成為改善市場情緒主要因素之一,相信港股得益於中資新經濟概念股份上市,兼且港股市場估值相對較低,令南向交易流入資金規模,由2019年2,221億人民幣,至去年大增至5,964億人民幣。
據Wind數據,中銀國際指注意到內地互惠基金的規模有所增加,由2019年規模7.1萬億人民幣,至2020年顯著上升至11.7萬億人民幣,料內地股票基金(包括混合型基金)去年規模達6.7萬億人民幣(對比2019年為3.3萬億人民幣);內地股票基金於去年佔總體互惠基金規模達57%。
計及市值方面,該行指在2020年第四季度,持有香港上市的前10名股票可能佔國內股票基金持有的香港上市股票總數的71.6%,對比2020年第三季的67.9%。中銀國際估計,最受內地基金歡迎的香港上市股票為騰訊(000700.HK),佔相關基金總投資規模的28.5%,其後是美團(03690.HK)及港交所(00388.HK),料各佔相關基金總投資規模分別16.9%及5.8%。
以交易對比自由流通量比例計,中銀國際料贛鋒鋰業(01772.HK)、長城汽車(02333.HK)及敏華控股(01999.HK)此三股為內地股票基金所持股份中最高。
中銀國際指,留意到內地今年1月新互惠基金集資規模4,901億人民幣(按年升1.95倍),其中股票基金籌集4,503億人民幣,屬史上第二最高集資規模的月份。該行料南向資金今年淨流入可達8,000億人民幣,對比2020年淨流入5,960億人民幣按手升34.2%,相信中港兩地互聯互通將是港股長期獲重估的主要推動力。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.