According to a report by CICC, as of the second quarter of this year, a total of 3,594 mainland public funds (excluding QDII) held a market capitalization of 375.7 billion RMB in Hong Kong stocks, an increase of 23% compared to the first quarter's 305.5 billion RMB. Considering that in the second quarter of this year, the Hang Seng Index and the MSCI China Index rose by 7.1% and 5.8% respectively, and the Hang Seng Technology Index only rose by 2.2%, indicating that public funds may be increasing their holdings. Currently, the proportion of Hong Kong stock holdings is 24.1%, higher than the 19% in the first quarter.
In the second quarter, mainland public funds continued to favor leading stocks such as Tencent (00700.HK), CNOOC (00883.HK), Meituan-W (03690.HK), and China Mobile (00941.HK). Similar to the first quarter of this year, the above-mentioned leading stocks (Tencent, Meituan, CNOOC, and China Mobile) ranked first in terms of market value increase in holdings, while China Resources Beer (00291.HK), Yancoal Energy (01171.HK) and Li Auto Inc (02015.HK) saw the greatest decrease in market value. Xiaomi-W (01810.HK), SMIC (00981.HK) and ICBC (01398.HK) replaced Li Auto Inc, CMOC Group Limited (03993.HK), and Jujiu International Limited (02367.HK) in the top ten holding stocks. Compared with the first quarter, the number of funds holding Tencent, Meituan, and CGN Power (01816.HK) increased significantly, but the number of funds holding Li Auto Inc, Genscript Bio (01548.HK) and CMOC Group Limited obviously decreased.
CICC has listed the top ten holding stocks that mainland public funds have increased the most in the second quarter in Hong Kong stocks:
Stock │ Q2 Quarterly Increase Amount (RMB) │ Market Value of Q2 Holdings (RMB)
Tencent (00700.HK) │ 12.343 billion yuan │ 44.277 billion yuan
Meituan (03690.HK) │ 4.346 billion yuan │ 18.765 billion yuan
CNOOC (00883.HK) │ 3.99 billion yuan │ 24.654 billion yuan
China Mobile (00941.HK) │ 3.498 billion yuan │ 14.699 billion yuan
Samsonite (01910.HK) │ 2.101 billion yuan │ 2.327 billion yuan
CGN Power (01816.HK) │ 1.518 billion yuan │ 1.929 billion yuan
Xiaomi-W (01810.HK) │ 1.209 billion yuan │ 4.473 billion yuan
ZTO Express (02057.HK) │ 1.086 billion yuan │ 1.511 billion yuan
ICBC (01398.HK) │ 1.058 billion yuan │ 1.647 billion yuan
Ping An Insurance (02601.HK) │ 1.02 billion yuan │ 1.254 billion yuan
China Unicom (00762.HK) │ 1.018 billion yuan │ 1.717 billion yuan
ICBC (01398.HK) │ 1.058 billion yuan │ 1.647 billion yuan
HSBC (00005.HK) │ 0.832 billion yuan │ 2.283 billion yuan
Cowell (01415.HK) │ 0.785 billion yuan │ 0.967 billion yuan
Leapmotor (09863.HK) │ 0.708 billion yuan │ 0.854 billion yuan
Aluminum Corporation of China (02600.HK) │ 0.689 billion yuan │ 1.477 billion yuan
EB Environment (00257.HK) │ 0.625 billion RMB │ 0.723 billion RMB
SITC (01308.HK) │ 0.618 billion RMB │ 0.91 billion RMB
CNOOC (00857.HK) │ 0.559 billion RMB │ 1.925 billion RMB
China Telecom (00728.HK) │ 0.55 billion RMB │ 1.621 billion RMB
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The bank also listed the list of the most heavily weighted stocks for Mainland mutual funds with the largest quarterly reduction in Hong Kong stocks:
Shareholding │ Second-quarter reduction amount (RMB) │ Second-quarter shareholding market value (RMB)
China Resources Beer (00291.HK) │ Shareholding reduced by 2.052 billion RMB │ Shareholding market value of 1.216 billion RMB
Yankuang Energy (01171.HK) │ Shareholding reduced by 1.677 billion RMB │ Shareholding market value of 0.572 billion RMB
LI Auto Inc (02015.HK) │ Shareholding reduced by 1.413 billion RMB │ Shareholding market value of 1.501 billion RMB
Genscript Bio (01548.HK)│ Shareholding reduced by 1.099 billion RMB │ Shareholding market value of 0.248 billion RMB
Kingdee Int'l (00268.HK) │ Shareholding reduced by 0.598 billion RMB │ Shareholding market value of 2.212 billion RMB
Akeso (09926.HK) │ Shareholding reduced by 0.49 billion RMB │ Shareholding market value of 1.314 billion RMB