Hong Kong Hang Seng hit 7-year high thanks to mainland cash

Hong Kong stocks surged 2.7 percent on Thursday, as mainland investors keep up piling into the market. The Hang Seng Index closed at 26944.39, with a record turnover of 47.64 billion U.S. dollars.

Through the Shanghai-Hong Kong stock connect scheme, Chinese mainland investors have been pouring money into the Hong Kong stock market, pushing Hong Kong shares to new highs.