Core Insights - The overall shareholding ratio of southbound funds in Hong Kong Stock Connect stocks is 19.38%, with 242 stocks having a shareholding ratio exceeding 20% [1] - Southbound funds hold a total of 4,900.47 million shares, accounting for 19.38% of the total share capital of the stocks, with a market value of 60,614.05 million HKD, representing 14.66% of the total market value [1] - The stocks with the highest shareholding ratios by southbound funds are primarily AH concept stocks, with 129 out of 242 stocks (53.31%) having a shareholding ratio over 20% [1] Group 1: Shareholding Distribution - 242 stocks have a shareholding ratio of over 20%, 131 stocks between 10% and 20%, 91 stocks between 5% and 10%, 84 stocks between 1% and 5%, and 21 stocks below 1% [1] - The stock with the highest southbound fund shareholding is China Telecom, holding 100,451.36 million shares, which is 72.38% of its issued shares [2] - Other notable stocks include Green Power Environmental (69.48%) and China Resources Power (69.45%) [2] Group 2: Industry Concentration - Southbound funds with shareholding ratios over 20% are concentrated in the healthcare, industrial, and financial sectors, with 56, 36, and 34 stocks respectively [2] - The healthcare sector includes stocks like Kanglong Chemical (59.10%) and Fosun Pharma (57.28%) [2][3] - The financial sector features stocks such as Guotai Junan (58.97%) and Zhongtai Securities (60.50%) [2][3]