Asia's first capital outflow in March Prudential

Hong Kong stocks last week, the Hang Seng index weighed tens of thousands of times, but the periphery last week did not good enough Chen, the Asian (except Japan) fund ended in Wednesday (June 24) for the first time since the beginning of March, with the initial investment in Hong Kong Capital in Wednesday (July 1), and some of the securities business was closed for six months before the city hovered around the nine.　　Hong Kong equities today refers to the settlement, a good confrontation, the volatility is afraid to increase, HSI Friday (June 26) Closed to 18,600 points, rose 325 points, the state-owned enterprise index rose 273 points, close to 11,037 points.　　Capital flow is still the key factor leading to the future trend, but the flow of information from different channels, the results are not consistent. 3 days 12.8 billion Chung Hong Kong is a "new share money" according to the Hong Kong Economic Daily, Daiwa figures show that China Equity fund has recorded "capital".　　However, the HKMA has a total of "12.788 billion" for three consecutive days (see table). It is widely believed that hot money is mainly "new money", or used for the subscription of new shares.　　However, according to the recent subscription timetable for new shares, the funds of the Overlord (the newly listed number:01338) with a larger size (200 million US dollars) have been closed for subscription in Thursday, but hot money has continued to enter Hong Kong in the New York period, and 6.2 billion yuan in late Friday. At the same time, more than the size of institutional investors, the general subscription to the new shares do not have to "real money to fly", only to share distribution when the settlement.　　According to the HKMA's "receiving money" amount, the influx of hot money in one day is sufficient to subscribe to about $3.4 billion for the most recent two new shares, that is, the Overlord and the 361-degree (newly listed:01361) two shares, with a total capital of $ hundreds of millions of, for the other funds to be raised.　　For the influx of money, the securities business Macquarie thinks that in addition to institutional investors predicting a rebound in the Greater China region, the funds are parked in Hong Kong, and other reasons include the fact that local companies are "heading back" because of insufficient cash flow and that local investors repatriate overseas funds and invest in Hong Kong dollar-linked assets. 660 million dollars a week in Asia. Large and published capital Flow reports show that as of the week ending Wednesday (June 24), the Asian (except Japan) fund recorded its first investment since the beginning of March, amounting to $660 million, with China, Hong Kong and Taiwan stock funds taking 260 million, 46.8 million and 5 respectively,　　9.8 million dollars. On the periphery, in the case of individual development, HSBC Holdings (00005) in the US-listed pre-depository Securities (ADR) closed to HK $65.8 in Friday, which is 0.3 yuan higher than the closing price of HK $65.5, China Mobile (00941) In Friday, ADR, which closed the closing price of HK $78.55, was $0.15 lower than the closing value of HK $78.7, and the Chinese Life (02628) ADR was closed to HK $28.8 in Friday, which was 29.05 yuan lower than the closing price of Hong Kong 0.25 yuan. If Hong Kong stocks reflect the external trend, the three major heavy stocks and other blue-chip ADR will be set at a low rate of 40 points by Friday.