Tide rises in Fragrant Harbor, institutions are competing for Hong Kong stocks in the second half of the year.

Since 2025, the Hong Kong stock market has rebounded strongly, with the Hang Seng Index rising by over 22%, ranking among the top in major global markets. At the same time, the net inflow of southbound funds has exceeded 720 billion yuan this year, approaching historical highs. Against this backdrop, Hong Kong thematic funds have performed well, with several products achieving net asset value growth of over 70% this year, among which the Haitong Hong Kong Advantage Selective Mixed Fund A has temporarily topped the public performance rankings with a net asset value growth of 112.52%. Industry insiders believe that there are three driving factors behind the strong rise of Hong Kong stocks: the global valuation gap effect, technological breakthroughs represented by DeepSeek boosting market confidence, and structural opportunities such as high dividend assets and innovative pharmaceuticals becoming more prominent. At the current point in time, institutions believe that policy dividends and profit recovery may continue to drive the upward trend in the Hong Kong stock market. Among them, technology, innovative pharmaceuticals, and high dividend assets will become important investment themes in the Hong Kong stock market.