Abstract: We analyzed southbound Hong Kong Connect flows for the week ending June 5th, estimating total inflows of USD 3,130.1 million into Hong Kong stocks by mainland investors, a reversal from outflows of USD 9.0 million the prior week, against a 0.2% return of the HSCEI over the same period. Sector inflows were led by Fund (USD 1,083 million), Information Technology (USD 981 million), and Energy (USD 674 million), while Utilities (USD 192 million outflows) and Materials (USD 52 million outflows) saw net selling. Top inflows by absolute dollar amount were Smic (USD 927 million), TraHK HSI ETF (USD 719 million), China Mobile (USD 338 million), Akeso (USD 332 million), and Pop Mart Intl (USD 322 million), with Pop Mart also leading HSCEI members by free-float percentage at 2.2%. Top outflows were Xiaomi (USD 270 million), Lenovo (USD 207 million), Zijin Mining (USD 154 million), Alibaba (USD 142 million), and Power Assets (USD 130 million). In the mid-cap space, Dongyue led inflows at 8.6% of free float, while Xunfeihealth saw the largest outflow at 4.0% of free float.
AKESO, CNOOC, Pop Mart Intl, DONGYUE, SMIC, CHINA MOBILE
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