South Korean investors have snapped up H-shares of Zhongji Innolight, with net inflows exceeding HK$340 million in the two weeks since the shares' listing.

After its H-share listing, Zhongchuang Xuchuang has quickly drawn attention from South Korean investors, becoming the Hong Kong-listed stock with the highest net buying amount by South Korean funds in the past month. Data from SEIBro, a subsidiary of the Korea Securities Depository (KSD), shows that between July 8 and August 7, South Korean investors settled purchases of Zhongchuang Xuchuang's H-shares worth 45.067 million U.S. dollars, with settlement sales of 1.6729 million U.S. dollars, resulting in a net purchase of 43.3942 million U.S. dollars, equivalent to about 340 million Hong Kong dollars, ranking first among Hong Kong-listed stocks in terms of net buying by South Korean investors during the same period. Zhongchuang Xuchuang's H-shares debuted on the Hong Kong Stock Exchange on July 30. In just 7 trading days, its net purchase scale was nearly four times that of the second-ranked stock on the same-period list, accounting for nearly half of the total net purchases of the top 10 Hong Kong-listed stocks by South Korean investors. The total net purchases of the top 10 Hong Kong-listed stocks by South Korean investors during the same period amounted to about 96.27 million U.S. dollars, with Tianrui Automotive Interior, ChinaAMC CSI 300 Index ETF, Minyin Capital, Luxshare Precision's H-shares, and others following behind. However, Zhongchuang Xuchuang's stock price corrected on August 10, with its H-shares falling 6.94% to 1,033 Hong Kong dollars per share, while its A-shares dropped 6.01% to 864.58 yuan per share. Market analysts believe that South Korean funds' rapid allocation to Zhongchuang Xuchuang may be related to the rapid growth of AI data centers, rising demand for optical modules, and the company's position in the global computing power infrastructure industrial chain.