Zheng Quan Shi Bao·2026-01-10 14:19Group 1 - The core viewpoint of the news is that the Northbound Stock Connect funds have shown increased trading activity and stability in holdings as of the end of Q4 2025, with significant investments in various stocks [1][2][7] - As of the end of Q4 2025, Northbound Stock Connect funds held a total of 4,014 securities, maintaining a relatively stable overall position [2] - The funds held over 1 billion shares in 213 stocks, with 37 stocks exceeding 5 billion shares, including major companies like BOE Technology Group, Industrial and Commercial Bank of China, and Zijin Mining [2] Group 2 - During Q4 2025, Northbound Stock Connect funds increased their holdings in over 1,600 stocks, with more than 1,000 stocks seeing an increase of over 1 million shares [4] - Notable increases in holdings included China Aluminum with an increase of 31.84 million shares and Weichai Power with an increase of 31.20 million shares [5][6] - The percentage of stocks held by Northbound Stock Connect funds increased for nearly 1,600 stocks, with over 160 stocks seeing an increase of more than 1 percentage point [6] Group 3 - The trading activity of Northbound Stock Connect has been notably active, with a continuous trading volume exceeding 300 billion yuan for four consecutive trading days [1][7] - On January 9, 2026, the trading volume reached 369.6 billion yuan, marking the highest level since September 18, 2025 [7] - The cumulative trading volume of Northbound Stock Connect funds has surpassed 200 trillion yuan since the establishment of the mutual market access mechanism, with a record annual trading volume of 50.33 trillion yuan in 2025, representing a growth of over 40% compared to 2024 [7]