Core Viewpoint - The report highlights the current premium rates of AH shares, with Northeast Electric, Zhejiang Shibao, and Junda Co. leading in premium rates, while CATL, Hengrui Medicine, and China Merchants Bank are at the bottom of the list [1][2]. Premium Rate Rankings - Northeast Electric (00042) has a premium rate of 815.25%, followed by Zhejiang Shibao (01057) at 378.67% and Junda Co. (02865) at 342.63% [2]. - The lowest premium rates are recorded for CATL (03750) at -13.79%, Hengrui Medicine (01276) at -2.52%, and China Merchants Bank (03968) at -2.22% [1][2]. Deviation Values - Junda Co. (02865) has the highest deviation value at 104.89%, followed by Goldwind Technology (02208) at 23.62% and Guanghetong (00638) at 20.17% [1][2]. - The lowest deviation values are for Northeast Electric (00042) at -35.64%, Chenming Paper (01812) at -16.87%, and China Life (02628) at -15.34% [1][4]. Additional Insights - The report includes a detailed table of the top ten and bottom ten AH stocks based on premium rates and deviation values, providing a comprehensive overview of the current market situation [2][3][4].

Group 1 - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (71.07%), Gree Power Environmental (69.49%), and Kaisa New Energy (67.59%) [1][2] - Alibaba-W, Tencent Holdings, and China Construction Bank have seen the largest increases in holding amounts over the last five trading days, with increases of +4.028 billion, +3.291 billion, and +1.432 billion respectively [1][2] - The companies with the largest decreases in holding amounts over the last five trading days are China Mobile (-2.322 billion), China Aluminum (-0.963 billion), and SMIC (-0.934 billion) [1][3] Group 2 - The latest holding ratios for the top 20 companies in Hong Kong Stock Connect show that China Telecom leads with 98.63 billion shares, followed by Gree Power Environmental with 2.81 billion shares and Kaisa New Energy with 1.69 billion shares [2] - The top 10 companies with the largest increases in holdings over the last five trading days include Alibaba-W (+40.28 billion), Tencent Holdings (+32.91 billion), and China Construction Bank (+14.32 billion) [2] - The top 10 companies with the largest decreases in holdings over the last five trading days include China Mobile (-23.22 billion), China Aluminum (-9.63 billion), and Zijin Mining (-8.69 billion) [3]

Group 1 - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (00728) at 71.06%, Green Power Environmental (01330) at 69.52%, and Kaisa Group Holdings (01108) at 67.54% [1][2] - The largest increases in holding amounts over the last five trading days were seen in Tencent Holdings (00700) with an increase of 46.95 billion, Kuaishou-W (01024) with 27.09 billion, and Alibaba-W (09988) with 24.49 billion [1][2] - The largest decreases in holding amounts over the last five trading days were recorded for China Mobile (00941) with a decrease of 24.84 billion, SMIC (00981) with 11.19 billion, and Meituan-W (03690) with 9.48 billion [1][3] Group 2 - The latest holding ratios for the top 20 companies in Hong Kong Stock Connect show that China Telecom has 9.862 billion shares, Green Power Environmental has 0.281 billion shares, and Kaisa Group Holdings has 0.169 billion shares [2] - The top 10 companies with the largest increases in holdings over the last five trading days include Alibaba Health (00241) with an increase of 17.20 billion and China Life (02628) with 16.38 billion [2] - The top 10 companies with the largest decreases in holdings over the last five trading days include China Aluminum (02600) with a decrease of 7.88 billion and Hang Seng Bank (00011) with 6.50 billion [3]

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (71.05%), Gree Power Environmental (69.67%), and Kaisa New Energy (67.68%) [1][2] - Tencent Holdings, Xiaomi Group-W, and Kuaishou-W have seen the largest increases in holding amounts over the last five trading days, with increases of +50.60 billion, +33.09 billion, and +31.22 billion respectively [1][2] - The largest decreases in holding amounts over the last five trading days were recorded by the Tracker Fund of Hong Kong (-68.91 billion), Hang Seng China Enterprises (-29.85 billion), and China Mobile (-26.64 billion) [1][3] Group 1: Top Holding Ratios - China Telecom (00728) has a holding of 9.861 billion shares, representing 71.05% [2] - Gree Power Environmental (01330) has a holding of 0.282 billion shares, representing 69.67% [2] - Kaisa New Energy (01108) has a holding of 0.169 billion shares, representing 67.68% [2] Group 2: Recent Increases in Holdings - Tencent Holdings (00700) increased its holding by +50.60 billion, with a change of +8.1352 million shares [2] - Xiaomi Group-W (01810) increased its holding by +33.09 billion, with a change of +87.3988 million shares [2] - Kuaishou-W (01024) increased its holding by +31.22 billion, with a change of +39.2426 million shares [2] Group 3: Recent Decreases in Holdings - Tracker Fund of Hong Kong (02800) decreased its holding by -68.91 billion, with a change of -25.41105 million shares [3] - Hang Seng China Enterprises (02828) decreased its holding by -29.85 billion, with a change of -3.14176 million shares [3] - China Mobile (00941) decreased its holding by -26.64 billion, with a change of -3.30562 million shares [3]

智通财经APP获悉，根据2026年1月14日披露数据，中国电信（00728）、绿色动力环保（01330）、凯 盛新能（01108）位居港股通持股比例前3位，分别为71.10%、69.65%、67.73%。此外，腾讯控股 （00700）、快手-W（01024）、小米集团－Ｗ（01810）在最近有统计数据的5个交易日内，持股额增 幅最大，分别为+43.92亿元、+31.64亿元、+27.00亿元;盈富基金（02800）、恆生中国企业（02828）、 阿里巴巴－W（09988）在最近有统计数据的5个交易日内，持股额减幅最大，分别为-69.19亿 元、-29.74亿元、-23.42亿元。 具体数据如下（交易所数据根据T+2日结算）： 1、港股通最新持股比例排行（前20名） | 公司名称 | 持股数量 | 最新持股比例 | | --- | --- | --- | | 中国电信(00728) | 98.67亿股 | 71.10% | | 绿色动力环保(01330) | 2.82亿股 | 69.65% | | 凯盛新能(01108) | 1.69亿股 | 67.73% | | 天津创业环保股份(01065) | 2.29亿 ...

Core Insights - The top three companies by Hong Kong Stock Connect shareholding ratios are China Telecom (71.39%), Gree Power Environmental (69.71%), and Kaisa New Energy (68.10%) [1][2] - Tencent Holdings, Xiaomi Group-W, and China Construction Bank saw the largest increases in shareholding amounts over the last five trading days, with increases of +4.302 billion, +3.564 billion, and +1.688 billion respectively [1][2] - The largest decreases in shareholding amounts over the same period were recorded by the Tracker Fund of Hong Kong (-4.857 billion), Alibaba-W (-2.314 billion), and Hang Seng China Enterprises (-2.098 billion) [1][3] Group 1: Shareholding Ratios - China Telecom (00728) has a shareholding ratio of 71.39% with 9.909 billion shares [2] - Gree Power Environmental (01330) has a shareholding ratio of 69.71% with 0.282 billion shares [2] - Kaisa New Energy (01108) has a shareholding ratio of 68.10% with 0.170 billion shares [2] - Tianjin Chuangye Environmental (01065) has a shareholding ratio of 67.45% with 0.229 billion shares [2] - China Shenhua (01088) has a shareholding ratio of 66.32% with 2.240 billion shares [2] Group 2: Recent Increases in Shareholding - Tencent Holdings (00700) increased its shareholding by +4.302 billion, with a change of +6.8552 million shares [2] - Xiaomi Group-W (01810) increased its shareholding by +3.564 billion, with a change of +9.3845 million shares [2] - China Construction Bank (00939) increased its shareholding by +1.688 billion, with a change of +21.6074 million shares [2] - China Life (02628) increased its shareholding by +0.890 billion, with a change of +2.6972 million shares [2] Group 3: Recent Decreases in Shareholding - Tracker Fund of Hong Kong (02800) decreased its shareholding by -4.857 billion, with a change of -17.962 million shares [3] - Alibaba-W (09988) decreased its shareholding by -2.314 billion, with a change of -1.4471 million shares [3] - Hang Seng China Enterprises (02828) decreased its shareholding by -2.098 billion, with a change of -2.2106 million shares [3] - China Mobile (00941) decreased its shareholding by -2.049 billion, with a change of -2.5313 million shares [3]

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (71.45%), Gree Power Environmental (69.71%), and Kaisa New Energy (67.98%) [1][2] - Xiaomi Group, Alibaba, and Tencent have seen the largest increases in holding amounts over the last five trading days, with increases of +3.243 billion, +2.148 billion, and +2.040 billion respectively [1][2] - The largest decreases in holding amounts over the last five trading days were recorded by the Tracker Fund of Hong Kong (-5.071 billion), China Mobile (-2.686 billion), and Hang Seng China Enterprises (-2.085 billion) [1][4] Group 1: Hong Kong Stock Connect Holding Ratios - China Telecom (00728) has a holding of 9.917 billion shares, representing 71.45% [2] - Gree Power Environmental (01330) has a holding of 0.282 billion shares, representing 69.71% [2] - Kaisa New Energy (01108) has a holding of 0.170 billion shares, representing 67.98% [2] Group 2: Recent Increases in Holdings - Xiaomi Group (01810) increased its holding amount by +3.243 billion, with a change of +83.7235 million shares [2][4] - Alibaba (09988) saw an increase of +2.148 billion, with a change of +13.9241 million shares [2][4] - Tencent Holdings (00700) increased by +2.040 billion, with a change of +3.2749 million shares [2][4] Group 3: Recent Decreases in Holdings - Tracker Fund of Hong Kong (02800) decreased by -5.071 billion, with a change of -189.2185 million shares [4] - China Mobile (00941) saw a decrease of -2.686 billion, with a change of -33.0945 million shares [4] - Hang Seng China Enterprises (02828) decreased by -2.085 billion, with a change of -22.0682 million shares [4]

| 公司名称 | 持股数量 | 最新持股比例 | | --- | --- | --- | | 中国电信(00728) | 99.37亿股 | 71.60% | | 绿色动力环保(01330) | 2.82亿股 | 69.76% | | 凯盛新能(01108) | 1.70亿股 | 67.96% | | 天津创业环保股份(01065) | 2.29亿股 | 67.38% | | 大眾公用(01635) | 3.58亿股 | 67.11% | | 中国神华(01088) | 22.37亿股 | 66.22% | | 南方恆生科技(03033) | 90.76亿股 | 65.31% | | 昊天国际建投(01341) | 69.01亿股 | 62.19% | | 广汽集团(02238) | 17.50亿股 | 62.18% | | 中远海能(01138) | 7.91亿股 | 61.05% | | 弘业期货(03678) | 1.52亿股 | 60.80% | | 广发証券(01776) | 10.16亿股 | 59.70% | | 万科企业(02202) | 13.12亿股 | 59.45% | | 昭衍新药(0 ...

Group 1 - The core viewpoint of the news is that the Hong Kong solar stocks have collectively declined due to regulatory scrutiny from the market supervision authority regarding potential monopoly risks in the solar industry [1] - GCL-Poly Energy has seen a drop of over 7%, while other companies like Sunshine Energy and Xinte Energy have also experienced declines of 3.5% [1][2] - The market supervision authority has held discussions with several key players in the solar industry, including the China Photovoltaic Industry Association and major companies, to address issues related to market manipulation and has mandated corrective actions by January 20 [1] Group 2 - The market supervision authority has prohibited the discussed companies from agreeing on production capacity, utilization rates, sales volumes, and pricing [1] - Companies are also restricted from dividing markets, production volumes, and profits through any form of investment ratio [1] - The authority has required the companies to submit written corrective measures by January 20 [1]

Core Insights - The overall shareholding ratio of southbound funds in Hong Kong Stock Connect stocks is 19.38%, with 252 stocks having a shareholding ratio exceeding 20% [1] - Southbound funds hold a total of 4,931.19 million shares, accounting for 19.38% of the total share capital of the stocks, with a market value of 62,848.28 billion HKD, representing 14.76% of the total market value [1] - The stocks with the highest shareholding ratios by southbound funds are China Telecom (71.61%), Gree Power (69.82%), and Kaisa New Energy (67.97%) [1] Group 1: Shareholding Distribution - 252 stocks have a shareholding ratio of over 20%, 131 stocks have a ratio between 10% and 20%, 99 stocks between 5% and 10%, 79 stocks between 1% and 5%, and 22 stocks below 1% [1] - Among the stocks with over 20% shareholding by southbound funds, 131 are AH concept stocks, making up 51.98% of that group [1] Group 2: Industry Concentration - The stocks with over 20% shareholding by southbound funds are primarily concentrated in the healthcare, industrial, and financial sectors, with 57, 38, and 34 stocks respectively [2] - Notable stocks with high southbound fund holdings include: - China Telecom: 99,384.85 million shares, 71.61% of issued shares, closing price 5.340 HKD, daily change -0.74% [2] - Gree Power: 28,236.60 million shares, 69.82%, closing price 5.360 HKD, daily change 0.75% [2] - Kaisa New Energy: 16,996.20 million shares, 67.97%, closing price 3.920 HKD, daily change 1.55% [2]