According to a report by CICC, in recent weeks, there has been a continuous inflow of southbound funds and a continued outflow of overseas active funds. Specifically, data from EPFR shows that this week, overseas active funds continued to flow out of the overseas Chinese stock market, with an outflow scale of approximately 0.25 billion US dollars, which is an increase compared to the previous week's 0.21 billion US dollars, and it has been outflowing for 70 consecutive weeks.

Meanwhile, overseas passive funds turned into an outflow of 0.1 billion US dollars (compared to an inflow of 0.17 billion US dollars the previous week). Southbound funds continued to flow in this week, with an inflow scale of 12.53 billion Hong Kong dollars, which is an expansion compared to the previous week's inflow of 9.27 billion Hong Kong dollars. It is worth mentioning that the Alibaba-W (09988.HK), which has received much attention in the market, was officially included in the Hong Kong Stock Connect trading last week and received wide attention from southbound investors. Last week, Alibaba received a total inflow of 16.42 billion Hong Kong dollars, ranking first.