Framing Analysis
Mainland Chinese investors purchased HK$62.9 billion of Hong Kong equities through Stock Connect in July, more than double the June total of HK$27.1 billion. The Hang Seng Index rose 13 percent while the Star Market 50 Index fell 26 percent, its largest monthly decline on record. Z.ai, Alibaba Group Holding and NetEase recorded the largest inflows among individual stocks.