Zheng Quan Shi Bao Wang·2025-07-30 01:25Summary of Key Points Core Viewpoint - Southbound funds have become significant participants in the Hong Kong stock market, holding 18.24% of the total shares of Hong Kong Stock Connect stocks, with a total market value of 55,994.41 billion HKD [1]. Group 1: Southbound Fund Holdings - As of July 29, southbound funds held a total of 4,563.87 million shares in Hong Kong Stock Connect stocks, representing 18.24% of the total share capital [1]. - The market value of shares held by southbound funds accounts for 13.77% of the total market capitalization of the stocks [1]. - There are 222 stocks where southbound funds hold over 20% of the total share capital, while 135 stocks have a holding ratio between 10% and 20% [1]. Group 2: Industry Distribution - The stocks with over 20% holdings by southbound funds are primarily concentrated in the healthcare, industrial, and financial sectors, with 43, 35, and 32 stocks respectively [2]. - Among the stocks with the highest southbound fund holdings, China Telecom leads with 74.69%, followed by Green Power Environmental and China Shenhua with 69.97% and 66.91% respectively [2]. Group 3: Characteristics of High Holdings - A majority of the stocks with high southbound fund holdings are AH concept stocks, with 125 out of 222 stocks (56.31%) having over 20% holdings being AH shares [1]. - The distribution of holdings shows that 14.81% of stocks with 10% to 20% holdings are also AH shares [1].