Chinese investors have steadily pared back their investments in TENCENT (00700.HK)  -1.000 (-0.195%)    Short selling $864.63M; Ratio 11.280%   over the past two months, with their holdings dropping to just below 11% on Monday (23rd), Bloomberg, citing data from Kaiyuan Securities, reported.

Since late April, when the holding ratio reached a high of about 12%, investors have been reducing their TENCENT shares almost every trading day through the Southbound Stock Connect, data showed.

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From mid-January to April 2025, investors immensely increased their holdings when TENCENT's stock price plummeted after being blacklisted by the U.S., but there seems to be no new buying rationale at the moment.

Although TENCENT's stock price has escalated about 16% from its April trough, it still lags behind the HSTECH and has sharply underperformed compared to "star stocks" like POP MART (09992.HK)  +3.800 (+1.502%)    Short selling $153.23M; Ratio 5.940%   and healthcare stocks.

Today (24th), TENCENT's stock opened 0.79% higher, peaking at HKD509. It last stood at HKD507.5, up 0.69%, with a turnover of 2.5983 million shares, involving HKD1.314 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-26 16:25.)

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