In the stock market, "South" represents China and Hongkong, and "North" represents Chinese mainland. This concept originated from Shanghai-Hong Kong Stock Connect. Buying Hong Kong in Shanghai is called going north, and buying Hong Kong in Shanghai is called going south.
On August 19, the net inflow of northbound funds was 8.483 billion yuan, which was the sixth largest single-day net inflow of northbound funds this year. At the same time, recent data disclosed by the central bank show that northbound funds account for 63.7438+0% of foreign shares.
The Shanghai and Shenzhen stock markets opened higher and higher, the turnover climbed, and the increase in the afternoon further expanded. As of the close of 19 in August, the Shanghai Composite Index rose by 2. 10% to close at 2883. 10. The Shenzhen Component Index rose 2.96% to 9328.97 points; Growth enterprise market index rose 3.5% and returned to above 1600.
Corresponding to the northward funds:
Going south, the north and south here are not what we usually call north and south, but Hong Kong.
Northbound capital is Hong Kong capital and international capital entering the A-share market, while southbound capital is China mainland capital entering the Hong Kong stock market. The names of these two funds were formed after the opening of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect in China.