South Korean investors are accelerating the allocation of Chinese assets. According to data from the Korea Depository and Clearing Corporation (KSD), as of July 15, the cumulative transaction volume of South Korean investors in the Hong Kong A-share market this year has exceeded US$5.4 billion. China is the second largest overseas investment destination for South Korean investors after the US market, and they are chasing after CATL and Pop Mart. South Korean investors love Xiaomi Group the most, buying gold at a price of about US$170 million. BYD and CATL attracted US$93.1 million and US$60.89 million respectively. Thanks to the popularity of Labubu, Pop Mart was also sought after, with a net purchase amount of more than US$34.94 million. In terms of A-shares, investors favored Huaxia CSI Robot ETF, which became a key shareholding increase. Analysis pointed out that South Korean funds clearly prefer technology growth and emerging industry companies, and accelerated the layout of the Hong Kong stock market. Behind this, there is not only the performance of the Chinese market, but also the trend of the Korean market. The performance in the first five months of this year was weak.