This week, net purchases of Tencent Holdings by southbound funds exceeded HKD 7 billion, with the holdings of 14 stocks by southbound funds increasing by more than 15% compared to the previous period.

This week, major stock indices in the Hong Kong market collectively fell, with the Hang Seng Index declining by 2.15%, the Hang Seng Tech Index by 3.1%, and the Hang Seng China Enterprises Index by 2.24%. According to statistics from the Securities Times and Data Treasure, southbound capital recorded a net purchase of HKD 89 million this week. From the list of actively traded stocks this week, a total of 19 individual stocks made the list, with Tencent Holdings leading in trading volume through Hong Kong Stock Connect, reaching HKD 35.659 billion; Zhihu followed closely with HKD 34.304 billion; other noteworthy stocks included MINIMAX-W, SMIC, and Jiangsu Sainty, each with trading volumes exceeding HKD 20 billion through Hong Kong Stock Connect. In terms of net purchase amounts, this week saw a mixed bag for southbound funds regarding internet giants: Tencent Holdings received a net purchase of HKD 7.729 billion from southbound funds, Xiaomi Group-W attracted a net purchase of HKD 965 million, while Alibaba-W experienced a net sale of HKD 2.614 billion. Additionally, Meituan-W saw net sales of HKD 320 million from southbound funds. In terms of changes in shareholding, 14 stocks recorded more than a 15% increase in shareholding from southbound funds this week, with Xinqi Microelectronics leading the way with a 69.62% increase. Other notable increases included Nanhua Futures, Minglu Technology-W, and Aunties shareholding increases of 55.26%, 38.49%, and 33.61%, respectively.