Soochow Securities issued a report stating that during last week (February 23 to 27), the inflow of southbound funds into Hong Kong stocks slowed down, with a net inflow of HKD 6.7 billion through Stock Connect. The sectors with net inflows were Information Technology, Non-essential Consumption, and Real Estate & Construction, while the sectors with net outflows were Telecommunications and Utilities. The stocks with significant net purchases included Meituan (03690.HK), Xiaomi Group (01810.HK), and Tencent (00700.HK).
Last week, the net inflow of mainland investment into the Hong Kong market via ETFs (Stock Connect + QDII) accelerated. The total scale expanded to RMB 444.26 billion, increasing by RMB 13.64 billion. Among this, Stock Connect ETFs recorded a net inflow of RMB 1.9 billion, while QDII ETFs saw a net inflow of RMB 9 billion.
The brokerage listed the top ten Hong Kong stocks in terms of net purchases by southbound funds last week:
1) Top ten Hong Kong stocks with net purchases by southbound funds last week
Stock│Net Inflow Amount
Meituan-W (03690.HK)│RMB 1.2 billion
Xiaomi-W (01810.HK)│RMB 976 million
Tencent (00700.HK)│RMB 731 million
Alibaba-W (09998.HK)│RMB 537 million
BYD (01211.HK)│RMB 472 million
Ubtech Robotics (09880.HK)│RMB 4.57 billion
Zhaojin Mining (01818.HK)│RMB 4.1 billion
SMIC (00981.HK)│RMB 3.89 billion
Kuaishou-W (01024.HK)│RMB 3.77 billion
Kingboard Laminates (01888.HK)│RMB 3.5 billion
2) Southbound capital’s top ten net outflow list for Hong Kong stocks over the past two weeks
Stock│Net outflow amount over the past two weeks
Zijin Mining (02899.HK)│-RMB 7.09 billion
China Life (02628.HK)│-RMB 5.89 billion
MMG Limited (01208.HK)│-RMB 5.34 billion
Pop Mart (09992.HK)│-500 million yuan
China Hongqiao (01378.HK)│-489 million yuan
Jiangxi Copper (00358.HK)│-473 million yuan
Minth Group (00425.HK)│-339 million yuan
COSCO Shipping Energy (01138.HK)│-322 million yuan
Luoyang Molybdenum (03993.HK)│-315 million yuan
ZTO Express (02057.HK)│-306 million yuan
