Southbound funds hit a near nine-week high in trading volume this week, with three stocks seeing significant increases in positions.

Southern funds continued to be actively traded, with increasing participation in the Hong Kong stock market. According to statistics, the total trading volume of southbound funds this week reached 640.38 billion Hong Kong dollars, hitting a nearly nine-week high and increasing by 56.36% compared to last week. The total net purchase was 15.457 billion Hong Kong dollars, an increase of 3.55% compared to last week. In terms of active stocks this week, a total of 21 stocks made it onto the list, with Xiaomi Corporation-W, Alibaba-W, Meituan-W, and Pinduoduo all having trading volumes exceeding 20 billion Hong Kong dollars, with 10 appearances on the list each (Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are calculated separately). Tencent Holdings had a total trading volume of 18.834 billion Hong Kong dollars, also appearing on the list 10 times. In terms of net buying amount, Meituan-W received the highest amount of southbound funds this week, reaching 3.605 billion Hong Kong dollars, despite a 2.47% decrease in its share price. Data shows that as of June 13, Meituan-W had gained holdings through the Hong Kong Stock Connect for 18 consecutive trading days, with the latest shares reaching 869 million, the highest since May 2024. In terms of changes in holdings, 22 stocks saw a more than 10% increase in southbound fund holdings this week, with Yailite, BYD Co., Ltd., and Zhonghuan New Energy leading the way, with increases of 116.02%, 40.38%, and 37.05%, respectively, indicating a significant increase in southbound fund holdings.