中银国际发表研报指，虽然近期地缘政治风险上升，但香港银行同业拆息(HIBOR)持续低企，隔夜拆息仍接近零的水平，反映香港金融市场流动性仍较充裕。截至6月18日，南向交易录得强劲净流入，北水规模达6,507亿元人民币，按年增长104%，该行认为主要是来自经济复苏预期与地缘政治风险上升的双重因素所驱动，预测内地投资者配置港股需求将维持强劲，2025年全年北水净流入规模料将增长至1.2万亿元人民币，对比2023及2024年分别为2,894亿及7,440亿元人民币。
中银国际建议投资者重点关注南向交易活跃个股，认为北水流入对改善港股市场投资气氛及选股逻辑具有重要作用，相信资金会较青睐优质科技、高端制造、估值具吸引力及能提供较高股息回报的股份，包括阿里巴巴(09988.HK) (BABA.US) 、美团(03690.HK) 、中国移动(00941.HK) 、腾讯(00700.HK) 、中芯国际(00981.HK) 以及理想汽车(02015.HK) ，全数给予“买入”评级。(gc/u)(港股报价延迟最少十五分钟。沽空资料截至 2025-06-23 12:25。) (美股为即时串流报价； OTC市场股票除外，资料延迟最少15分钟。)
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