Core Insights - The overall shareholding ratio of southbound funds in Hong Kong Stock Connect stocks is 19.22%, with 239 stocks having a shareholding ratio exceeding 20% [1] - Southbound funds hold a total of 4,856.80 million shares, accounting for 19.22% of the total share capital of the stocks, with a market value of 63,652.24 billion HKD, representing 14.58% of the total market value [1] - The highest shareholding ratio by southbound funds is in China Telecom (601728) at 71.95%, followed by Green Power Environmental and COSCO Shipping Energy (600026) at 69.48% and 69.03% respectively [1] Group 1: Southbound Fund Holdings - 239 stocks have a shareholding ratio of over 20%, while 132 stocks are in the 10%-20% range, 95 stocks in the 5%-10% range, 83 stocks in the 1%-5% range, and 17 stocks below 1% [1] - Among the stocks with over 20% shareholding by southbound funds, 128 are AH concept stocks, making up 53.56% of that group [1] Group 2: Industry Concentration - Southbound fund holdings exceeding 20% are primarily concentrated in the healthcare, industrial, and financial sectors, with 56, 35, and 34 stocks respectively [2] - The table lists several stocks with high southbound fund holdings, including China Telecom (71.95%), Green Power Environmental (69.48%), and COSCO Shipping Energy (69.03%), among others [2][3]