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ChiNext: Is there 'pricing power' in the southward direction? It has a phased and localized effect, but there is no 'absolute pricing power'.
Jinshi data March 18 news, since the beginning of the year, the cumulative inflow of funds from the south has reached about 380 billion Hong Kong dollars, with a daily inflow of 8.16 billion Hong Kong dollars, more than twice the daily average of 34.7 billion Hong Kong dollars in 2024. Is there a “pricing power” for the southward? CICC said that it has a phased and partial effect, and may be further strengthened in the future with the increase of southbound funds, but in a open market like the Hong Kong stock market, two factors determine that southbound funds cannot have “absolute pricing power”.