0337 GMT - Goldman Sachs raises its forecast for 2025 Southbound flows from mainland China to Hong Kong to $110 billion from $75 billion. Southbound net buying, the net amount of H-shares mainland investors buy via a program linking Hong Kong's exchange to its Shanghai and Shenzhen counterparts, has reached $78 billion so far this year, or around 75% of 2024 inflows. Strong buying suggests Chinese investors have expanded their cross-border asset allocation while foreign investors have stayed on the sidelines amid concerns about regulatory and geopolitical risks, GS analysts say in a research note. Concerns about potential ADR delisting risks could accelerate the homecoming progress of large U.S.-listed Chinese companies and attract more Southbound buying, they say. "Southbound flows have become more influential to the Hong Kong market, in terms of ownership, turnover and pricing power," they add. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 27, 2025 23:37 ET (03:37 GMT)
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