Strong Performance Drives Net Inflows for HK Insurance Leader Amid 21-Day Buying Streak

This week, southbound funds saw a combined net outflow of HK$6.637 billion. AIA received net inflows from southbound funds for 21 consecutive days. From October 12 to October 16, major Hong Kong stock indices experienced slight pullbacks: the Hang Seng Index fell 0.1%, the Hang Seng Tech Index dropped 2.13%, and the Hang Seng China Enterprises Index declined 0.24%. Data shows that southbound funds primarily bought into internet giants this week, with net inflows of HK$1.434 billion for Tencent Holdings, HK$734 million for Alibaba-W, and HK$278 million for Meituan-W; Xiaomi Group-W saw a net outflow of HK$756 million. Statistics indicate that AIA has seen its holdings by southbound funds increase for 21 consecutive trading days. (Securities Times)