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Global funds pour into 500 billion hot money to fry Hong Kong stocks

Source: Internet
Author: User
Keywords Hong Kong dollar rally
Tags banking banking system index it is market stock stock market stocks
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As at the end of Monday, the total banking system in Hong Kong amounted to HK $257 billion, and some mainland funds poured into Hong Kong amounting to $250 billion, so the amount of hot money left in Hong Kong was estimated to be over $500 billion. The securities industry believes that the recent rally in Hong Kong stocks is mainly funded by capital, and with ample capital, it is still possible for the index to rise again, but investors must be mindful of the impact of hot money on the stock market once it flows.

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