According to ChainCatcher, Bloomberg reported that MiniMax Group Inc., an AI model developer, became the most popular Hong Kong-listed stock among mainland investors last month. Mainland investors purchased HK$10.6 billion (approximately $1.4 billion) worth of MiniMax shares via the Stock Connect program in August, surpassing Alibaba Group Holding Limited and Tencent Holdings Limited. Since August 6, when the stock became eligible for trading under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs, southern investors have collectively accumulated a 9.7% stake in this AI startup.
MiniMax Becomes the Top Hong Kong Stock for Chinese Investors in August
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Summary
In August, MiniMax Group Inc. led Hong Kong trading volume among mainland investors, with HKD 10.6 billion (USD 1.4 billion) in Southbound purchases via Stock Connect. The AI developer surpassed top altcoins such as Alibaba and Tencent. Since August 6, mainland investors have accumulated a 9.7% stake in the company.
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