CHINA MOBILE(SH:600941) Zhong Guo Zheng Quan Bao·2025-10-14 21:32Group 1 - As of October 14, 2023, southbound capital has accumulated a net inflow of 11,985.67 billion HKD this year, setting a historical high for annual net inflow [1][2] - The Hang Seng Index has risen over 26% and the Hang Seng Tech Index has increased over 32% year-to-date, with stocks having a market capitalization exceeding 1 trillion HKD showing an average increase of over 30% [1][4] - Southbound capital has been the largest source of incremental funds for the Hong Kong stock market, with over 80% of trading days this year witnessing net inflows [2][3] Group 2 - As of October 13, 2023, southbound capital holdings reached 5,458.21 billion shares, an increase of 821.50 billion shares since the beginning of 2023, with a total market value of 63,500 billion HKD [2] - The financial, information technology, and consumer discretionary sectors have the highest market values held by southbound capital, amounting to 14,032.34 billion HKD, 13,707.60 billion HKD, and 9,006.28 billion HKD respectively [2] - Major stocks held by southbound capital include Tencent Holdings exceeding 6,800 billion HKD and Alibaba-W, China Mobile, and others exceeding 2,000 billion HKD [2][3] Group 3 - Recent adjustments in the Hong Kong stock market have seen the Hang Seng Index drop over 5% and the Hang Seng Tech Index drop over 8% in October [5] - Analysts suggest that while short-term volatility may persist, the long-term upward trend for the Hong Kong stock market remains intact, supported by domestic growth policies and stabilizing investor sentiment [5][6] - The technology sector is expected to benefit from current industry trends, with potential for further inflows from foreign capital and continued support from southbound capital [6]