Southbound Holdings Reach 606.6 Billion HKD, 272 Stocks Above 20%
As of September 3, southbound capital held 506.019 billion shares of Stock Connect targets, accounting for 19.67% of total shares and a market value of 606.597 billion HKD, or 14.51% of the total. Among individual stocks, 272 had southbound holdings exceeding 20% of issued shares, with the highest being 72.27% in Dynagreen Environmental.
As of September 3, southbound capital held a combined 506.019 billion shares of Stock Connect target stocks, representing 19.67% of their total share capital, with a combined market value of 606.597 billion HKD, or 14.51% of the total market value of these targets.
By individual stock, 272 targets had southbound holdings exceeding 20% of total issued shares, 150 had holdings between 10% and 20%, 109 between 5% and 10%, 85 between 1% and 5%, and 31 below 1%. The highest proportion was in Dynagreen Environmental, with southbound funds holding 292 million shares, or 72.27% of its issued H-shares, followed by China Telecom and China Power New Energy at 71.81% and 70.92%, respectively.
Among stocks with southbound holdings above 20%, 156 were A+H shares, accounting for 57.35% of that group; for those with holdings between 10% and 20%, A+H shares represented 19.33%. By Hong Kong Exchanges industry classification, stocks with southbound holdings above 20% were concentrated in healthcare, industrials, and financials, with 54, 49, and 35 stocks, respectively.