Soochow Securities’ report stated that southbound capital inflows into Hong Kong stocks slowed last week (February 23-27), with a net inflow of HK$6.7 billion through the Southbound Stock Connect. The sectors with net inflows were information technology, consumer discretionary, and real estate/construction; and the sectors with net outflows were telecoms and utilities. Stocks with heavy net buying included MEITUAN-W (03690.HK)  -1.700 (-2.074%)    Short selling $939.39M; Ratio 62.972%   , XIAOMI-W (01810.HK)  -1.140 (-3.560%)    Short selling $2.65B; Ratio 81.394%   , and TENCENT (00700.HK)  -7.400 (-1.490%)    Short selling $1.08B; Ratio 47.391%   .

Last week, net inflows into ETFs (Southbound Stock Connect + QDII) investing in the Hong Kong market accelerated. The total scale expanded to HK$444.26 billion, up HK$13.64 billion. Among them, Southbound Stock Connect ETFs saw a net inflow of HK$1.9 billion, and QDII ETFs saw a net inflow of HK$9 billion.

Related News Nomura Lowers TP for MEITUAN (03690.HK) to HKD92; Competitive Landscape Remains Unclear
The broker listed the top ten net buys of Hong Kong stocks by southbound capital last week:

1) Top Ten Net Buys of Hong Kong Stocks by Southbound Capital

Stock | Net Inflow Amount (HK$)
MEITUAN-W (03690.HK)  -1.700 (-2.074%)    Short selling $939.39M; Ratio 62.972%   | 1.2 billion
XIAOMI-W (01810.HK)  -1.140 (-3.560%)    Short selling $2.65B; Ratio 81.394%   | 976 million
TENCENT (00700.HK)  -7.400 (-1.490%)    Short selling $1.08B; Ratio 47.391%   | 731 million
BABA-W (09988.HK)  -4.200 (-3.423%)    Short selling $1.80B; Ratio 62.850%   | 537 million
BYD COMPANY (01211.HK)  -0.800 (-0.764%)    Short selling $1.06B; Ratio 98.115%   | 472 million
UBTECH ROBOTICS (09880.HK)  +2.100 (+2.100%)    Short selling $121.21M; Ratio 18.397%   | 457 million
ZHAOJIN MINING (01818.HK)  -0.640 (-1.932%)    Short selling $69.89M; Ratio 52.352%   | 410 million
SMIC (00981.HK)  -1.850 (-3.500%)    Short selling $598.61M; Ratio 79.112%   | 389 million
KUAISHOU-W (01024.HK)  -1.300 (-2.814%)    Short selling $218.76M; Ratio 44.692%   | 377 million
KB LAMINATES (01888.HK)  -1.050 (-5.043%)    Short selling $16.94M; Ratio 17.974%   | 350 million

Related News CLSA: BYD, Geely Exports Further Increase; Domestic Auto Sales Momentum Rebounds
2) Top Ten Net Sells of Hong Kong Stocks by Southbound Capital in the Past Two Weeks

Stock | Net Outflow Amount in Past 2 Weeks (HK$)
ZIJIN MINING (02899.HK)  -1.080 (-2.967%)    Short selling $360.61M; Ratio 47.064%   | -709 million
CHINA LIFE (02628.HK)  -0.200 (-0.794%)    Short selling $173.00M; Ratio 74.075%   | -589 million
MMG (01208.HK)  -0.270 (-3.444%)    Short selling $21.59M; Ratio 29.770%   | -534 million
POP MART (09992.HK)  -3.500 (-2.409%)    Short selling $482.43M; Ratio 41.736%   | -500 million
CHINAHONGQIAO (01378.HK)  +0.320 (+0.880%)    Short selling $468.91M; Ratio 70.472%   | -489 million
JIANGXI COPPER (00358.HK)  -1.040 (-2.902%)    Short selling $48.81M; Ratio 63.606%   | -473 million
MINTH GROUP-100 (00425.HK)  -0.580 (-1.631%)    Short selling $18.75M; Ratio 99.017%   | -339 million
COSCO SHIP ENGY (01138.HK)  +0.210 (+1.094%)    Short selling $25.49M; Ratio 6.135%   | -322 million
CMOC (03993.HK)  -0.490 (-2.808%)    Short selling $322.21M; Ratio 41.988%   | -315 million
ZTO EXPRESS-W (02057.HK)  -0.643 (-0.337%)    Short selling $87.48M; Ratio 96.578%   | -306 million
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

AASTOCKS Financial News