On January 11th, a study by China International Capital Corporation (CICC) showed that the total inflow of southbound funds this week (January 6-10) was HKD 48.91 billion, with an average daily inflow of HKD 9.78 billion, an increase from the previous week’s average inflow of HKD 7.39 billion. At the industry level, mainland banks, energy/raw materials and insurance sectors received the most southbound capital inflows last week. In terms of individual stocks, Southbound favored Tencent Holdings and China Mobile last week, but sold Meituan and Geely Automobile.
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