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TENCENT Becomes CN Public Offered Funds' 'Top Heavyweight Stock' in 1Q
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TENCENT (00700.HK) (TCEHY.US) has become the “top heavyweight stock” of public offered funds for the first time, while CATL (300750.SZ) retreated to the second place, according to the latest 1Q25 public offered fund report of TX Investment Consulting. KWEICHOW MOUTAI(600519.SH) returned to the top three heavyweight stocks.

The quarterly report shows that public offered funds enhanced their deployment in Hong Kong stocks in 1Q25. Among the top 50 heavyweight stocks of public offered funds, there are 8 Hong Kong equity companies, namely TENCENT, BABA-W (09988.HK), XIAOMI-W (01810.HK), MEITUAN-W (03690.HK), CHINA MOBILE (00941.HK), CNOOC (00883.HK), POP MART (09992.HK) and SMIC (00981.HK).

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Among the top 50 heavyweight stocks of public offered funds, there are 14 stocks in the consumer goods and services sector, including liquor stocks such as KWEICHOW MOUTAI and WULIANGYE(000858.SZ); leading home appliance stocks such as MIDEA GROUP (00300.HK) (000333.SZ), HAIER SMARTHOME (06690.HK) (600690.SH) and GREE APPLIANCES(000651.SZ); and auto-related stocks including BYD COMPANY (01211.HK)(002594.SZ), CATL, FUYAO GLASS (03606.HK)(600660.SH) and SERES(601127.SH).
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