中国&香港 - 消费 - 南下交易追踪ChinaHong Kong Consumer-Southbound Trading Tracking

Summary of Southbound Trading Tracking for China/Hong Kong Consumer Sector Industry Overview - The report focuses on the China/Hong Kong Consumer sector, specifically analyzing Southbound trading trends for major HK-listed consumer stocks during July 2025 and year-to-date (YTD) 2025. Key Findings 1. Overall Trends in July 2025 - Average Southbound holdings as a percentage of free float increased by 0.8 percentage points (ppt) month-over-month (MoM) for the 66 major HK-listed consumer stocks eligible for Connect trading, with 35 under coverage [1][6] 2. Year-to-Date Performance - Average net flows from Southbound trading were up 3.6% compared to the end of 2024 [2][6] - A total of 41 stocks recorded inflows, while 25 stocks experienced outflows, and none showed zero net flows [3][6] 3. Inflows and Outflows in July - 27 stocks recorded inflows, 38 stocks recorded outflows, and 1 stock showed zero net flows [2][6] - Top five stocks with inflows: - CR Beverage: 20.8ppt increase - Xiaocaiyuan: 15.2ppt - Chervon: 9.5ppt - H&H: 7.3ppt - Tianli Education: 5.9ppt [9][10] - Top five stocks with outflows: - Jiumaojiu: -5.0ppt - CR Beer: -3.7ppt - Popmart: -3.2ppt - Xtep: -2.9ppt - Samsonite: -2.8ppt [9][10] 4. Category Performance - Various categories such as Beer, Apparel & Sportswear, Agriculture, Gold, Home Appliance, Home Improvement, Toys, Education, and Luggage experienced average inflows during July [9][10] - Categories like Beer, HPC, Home Appliances, Home Improvement, Education, and Luggage recorded outflows YTD 2025, while other categories had average inflows [9][10] 5. Detailed Stock Performance - The report includes detailed statistics on Southbound stakes as a percentage of free float for various companies, highlighting significant changes in investor interest [11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50] Additional Insights - The report emphasizes the importance of monitoring Southbound trading trends as they reflect investor sentiment and potential shifts in market dynamics within the consumer sector in Hong Kong and China [6][7][8]