Chinese investors look south to Hong Kong as outflow rules ease

Investors from the Chinese mainland bought US$40.1 billion in shares through the Hong Kong stock connect trading scheme last month, cashing in on government relaxation of outflows.The January total released by the State Administration of Foreign Exchange (Safe) on Friday for southbound investment – or buying of offshore stocks by mainland Chinese investors – did not include previous monthly figures but it is about one-tenth of the 2.13 trillion yuan (US$328 billion) of Hong Kong-bound…