Hong Kong stock connect significantly increased holdings of autonomous driving concept stocks.

This week, the net inflow of funds from the south totaled 16.274 billion Hong Kong dollars, with the net inflow amount turning positive. According to data from Securities TimesData Treasure, looking at changes in holdings, 11 stocks received an increase in southbound fund holdings of over 20% compared to the previous week. Foway Group ranked first with a 377.84% increase, followed by Chery Automobile, Sany Heavy Industry, and Kin Shing Electronics with increases of 182.27%, 95.91%, and 60.69% respectively. It is worth noting that among the stocks with the highest increase in southbound fund holdings this week, several have concepts related to autonomous driving, including Kin Shing Electronics, Saic-Ise, Cao Cao Mobility, and YouDrive Innovation. On the news front, on December 15th, the Ministry of Industry and Information Technology officially announced the first batch of L3 conditional level autonomous driving vehicle models allowed for admission in China, marking a key step for the commercial application of L3 autonomous driving in China.