Southbound Capital has made significant strides in the market, with net purchases reaching HK$2,589 million. The bulk of this investment was directed towards Meituan-W, which attracted HK$785 million in capital. Additionally, Semiconductor Manufacturing International Corporation (SMIC) saw strong interest, drawing in HK$724 million. These transactions signal robust activity within the southbound fund tracking sector, particularly through the Hong Kong Stock Connect.

The recent capital inflow highlights the ongoing trends in the Shanghai-Shenzhen-Hong Kong Stock Connect framework, illustrating a growing appetite for Chinese tech stocks among international investors. As funds continue to flow into Meituan and SMIC, market observers are keenly watching how these investments will influence broader market dynamics in Hong Kong and mainland China.