Analysis of Southbound Stock Connect Holdings as of November 28

Stock News11-28

As of November 27, 2025, CHINA TELECOM (00728), DYNAGREEN ENV (01330), and HAO TIAN INTL (01341) ranked as the top three holdings by proportion in the Southbound Stock Connect, with ownership ratios of 72.69%, 69.23%, and 68.93%, respectively.

In the latest five trading days with available data, WANGUO GOLD GP (03939), ALIBABA-W (09988), and TENCENT (00700) recorded the largest increases in holdings by value, rising by RMB 12.079 billion, RMB 11.504 billion, and RMB 2.873 billion, respectively. Conversely, SMIC (00981), INNOVENT BIO (01801), and NCI (01336) saw the most significant declines in holdings, dropping by RMB 1.455 billion, RMB 665 million, and RMB 523 million, respectively.

Below are the detailed statistics (exchange data based on T+2 settlement):

1. **Top 20 Holdings by Proportion in Southbound Stock Connect** - CHINA TELECOM (00728): 10.09 billion shares (72.69%) - DYNAGREEN ENV (01330): 280 million shares (69.23%) - HAO TIAN INTL (01341): 7.478 billion shares (68.93%) - DZUG (01635): 363 million shares (67.94%) - TRIUMPH NEW EN (01108): 169 million shares (67.79%) - CHINA SHENHUA (01088): 2.273 billion shares (67.29%) - TIANJIN CAPITAL (01065): 226 million shares (66.32%) - COSCO SHIP ENGY (01138): 857 million shares (66.15%) - GAC GROUP (02238): 1.735 billion shares (61.64%) - HOLLY FUTURES (03678): 152 million shares (60.99%) - SOUTHERN HANG SENG TECH (03033): 8.8 billion shares (60.58%) - CC SECURITIES (01375): 719 million shares (60.18%) - DFZQ (03958): 614 million shares (59.80%) - GLMS SEC (01456): 262 million shares (59.18%) - GF SEC (01776): 1.005 billion shares (59.04%) - YOFC (06869): 206 million shares (58.65%) - HUATAI SECURITIES (06886): 1.004 billion shares (58.39%) - CHINA SUNTIEN (00956): 1.236 billion shares (57.59%) - PHARMARON (03759): 173 million shares (57.45%) - DATANG RENEW (01798): 1.436 billion shares (57.39%)

2. **Top 10 Increases in Holdings Over the Last 5 Trading Days** - WANGUO GOLD GP (03939): +RMB 12.079 billion (+379.3624 million shares) - ALIBABA-W (09988): +RMB 11.504 billion (+76.3869 million shares) - TENCENT (00700): +RMB 2.873 billion (+4.6987 million shares) - KUAISHOU-W (01024): +RMB 2.294 billion (+33.5329 million shares) - SOUTHERN HANG SENG TECH (03033): +RMB 1.853 billion (+337.886 million shares) - TRACKER FUND (02800): +RMB 1.816 billion (+69.6815 million shares) - CM BANK (03968): +RMB 1.523 billion (+28.9575 million shares) - XIAOMI-W (01810): +RMB 1.468 billion (+35.7135 million shares) - XPENG-W (09868): +RMB 1.196 billion (+14.4306 million shares) - MEITUAN-W (03690): +RMB 1.049 billion (+10.0873 million shares)

3. **Top 10 Decreases in Holdings Over the Last 5 Trading Days** - SMIC (00981): -RMB 1.455 billion (-21.283 million shares) - INNOVENT BIO (01801): -RMB 665 million (-6.9102 million shares) - NCI (01336): -RMB 523 million (-11.1083 million shares) - HUA HONG SEMI (01347): -RMB 480 million (-6.6128 million shares) - CHINA SHENHUA (01088): -RMB 385 million (-9.5705 million shares) - CNOOC (00883): -RMB 384 million (-17.9741 million shares) - WUXI BIO (02269): -RMB 339 million (-10.8325 million shares) - COSCO SHIP ENGY (01138): -RMB 309 million (-29.676 million shares) - GANFENGLITHIUM (01772): -RMB 300 million (-6.2612 million shares) - CHINA UNICOM (00762): -RMB 271 million (-29.872 million shares)

Note: The above data was automatically generated by an AI system based on HKEX data and may not be 100% accurate. Changes in holdings value are calculated as: shares changed × previous closing price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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