Group 1 - The overall shareholding ratio of southbound funds in Hong Kong Stock Connect stocks is 19.34%, with 245 stocks having a shareholding ratio exceeding 20% [1] - As of December 8, southbound funds hold a total of 4,919.14 million shares, accounting for 19.34% of the total share capital of the stocks, with a market value of 62,155.08 billion HKD, representing 14.68% of the total market value [1] - The highest shareholding ratio by southbound funds is in China Telecom, with 101.15 million shares held, accounting for 72.88% of the issued shares [1] Group 2 - Southbound funds with a holding ratio exceeding 20% are mainly concentrated in the healthcare, industrial, and financial sectors, with 56, 36, and 34 stocks respectively [2] - The top stocks with high southbound fund holdings include China Telecom (72.88%), Dazhong Public Utilities (69.70%), and Green Power Environmental (69.23%) [2][3] - A significant portion of the stocks with high southbound fund holdings are AH concept stocks, with 128 out of 245 stocks (52.24%) having a holding ratio over 20% being AH stocks [1]