Mainland Chinese investors have been the biggest supporters of Hong Kong stocks during the past year amid questions over the city's future as a global financial center. © EPA/Jiji

Hong Kong stocks roar into 2021 on surge of investment from China

Mainland buyers help boost cheaper shares of locally listed H-share companies

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

January 25, 2021 07:10 JST

Updated on January 25, 2021 18:14 JST

HONG KONG -- One of the world's biggest laggards in major global stock indexes in 2020 is the best performer so far this year, thanks to a deluge of Chinese money. Hong Kong's Hang Seng Index on Monday closed above 30,000 points for the first time in 20 months as a rally since late December powered by investors in mainland China gains momentum.

Most signs suggest Chinese hunger for Hong Kong stocks will continue for the time being, with investors buying new-economy shares, such as Tencent Holdings, and stocks in other companies including China Mobile and Xiaomi.