Abstract: We analyzed southbound Hong Kong Connect holding flows as of October 16th, estimating net inflows of USD 227.5 million into Hong Kong stocks by mainland investors last week. These inflows were 71.8% lower than the USD 807.3 million recorded two weeks ago, marking a second consecutive week of inflows, and compared against a 0.7% return for HSCEI over the same period. By sector, Financials led inflows at USD 738 million, followed by Consumer Discretionary at USD 524 million and Communication Services at USD 502 million, while Information Technology led outflows at USD 794 million. Top inflow stocks were AIA (1299 HK, USD 564 million, +5.7% 7-day price change), Tencent (700 HK, USD 299 million, +0.7%), Baba (9988 HK, USD 209 million, +4.8%), China Res Land (1109 HK, USD 130 million, +2.3%), and Akeso (9926 HK, USD 122 million, -13.0%). Top outflow stocks were Smic (981 HK, USD -369 million, -10.8%), Yofc (6869 HK, USD -320 million, -21.4%), TraHK HSI ETF (2800 HK, USD -211 million, +1.0%), Wuxi Bio (2269 HK, USD -195 million, -12.3%), and Hua Hong Grace (1347 HK, USD -173 million, -21.1%).
XTALPI, AIA, BABA, CHINA RES LAND, TENCENT, AKESO
A weekly review of Southbound Stock Connect flows into Hong Kong stocks, estimated from changes in Connect holdings. Each issue tabulates the largest inflows and outflows across the whole market, HSCEI, mid-cap and small/mid-cap groups. All issues of HK Connect Flows Weekly →
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