Mainland investors pivot to HK AI stocks, dump financials in August

Chinese mainland investors used the Stock Connect to rotate into Hong Kong-listed AI names like MiniMax, with net buying of HK$10.1B in August, while selling traditional financials. This reflects a structural shift in onshore portfolio allocation toward AI exposure amid a market dip. The trend signals sustained demand for AI equities from mainland capital, though it may amplify volatility in HK tech names.