Abstract: We analyzed Hong Kong Connect southbound flows for April, estimating net inflows of USD 5,672 million from mainland investors into Hong Kong-listed stocks. This represents a 34.9% decline from March inflows of USD 8,707 million, though it extends the streak of consecutive monthly inflows to 11 months. Inflows outpaced the HSCEI's 3.6% return over the same period, with Information Technology ($1,441m), Financials ($1,370m), and Health Care ($1,292m) leading sector inflows, while Funds recorded the largest outflows ($952m). Top inflow names were China Mobile ($1,102m), CCB ($795m), Pop Mart Intl ($590m), ICBC ($569m), and Xiaomi ($432m), while the largest outflows were from Yofc (-$493m), Tencent (-$438m), AIA (-$422m), Geely Automobile (-$403m), and Alibaba (-$346m). The largest stake increases were in Cig Shanghai (+20.0ppt) and Butong (+10.5ppt), while the steepest stake declines were in Huitongda Network (-13.4ppt) and Cosco Ship Energy (-7.9ppt).
CCB, Pop Mart Intl, ICBC, YOFC, CHINA MOBILE
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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