Abstract: We analyzed weekly Hong Kong Connect holding flows from mainland investors as of October 30th, estimating outflows of USD 550.8 million. This marked a third consecutive week of outflows, a 75.4% decline from the USD 2,240.8 million outflow two weeks prior, versus a -3.0% return for the HSCEI over the same period. Top inflows were Z.Ai (2513 HK, $402 million) and Tencent (700 HK, $191 million), followed by Minimax (100 HK, $86 million), Bidu (9888 HK, $66 million), and Akeso (9926 HK, $61 million). Top outflows were Baba (9988 HK, -$519 million) and Smic (981 HK, -$219 million), followed by Yofc (6869 HK, -$180 million), CNOOC (883 HK, -$165 million), and Wuxi Bio (2269 HK, -$152 million).
MINIMAX, AKESO, PING AN, Z.AI, TENCENT, BIDU
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