As of December 16, 2025, the top three stocks by holding ratio in the Hong Kong Stock Connect were CHINA TELECOM (00728), DYNAGREEN ENV (01330), and Dazhong Utilities (01635), with ratios of 72.38%, 70.04%, and 69.80%, respectively.

Over the past five trading days, Xiaomi Corporation-W (01810), Meituan-W (03690), and KE Holdings-W (02423) saw the largest increases in holdings, rising by HK$3.819 billion, HK$3.387 billion, and HK$1.617 billion, respectively. Conversely, Alibaba-W (09988), Tencent Holdings (00700), and Tracker Fund of Hong Kong (02800) recorded the largest decreases, dropping by HK$3.258 billion, HK$1.698 billion, and HK$1.506 billion, respectively.

**Key Data (Exchange data based on T+2 settlement):**

1. **Top 20 Stocks by Holding Ratio in Hong Kong Stock Connect** - CHINA TELECOM (00728): 10.046B shares, 72.38% - DYNAGREEN ENV (01330): 283M shares, 70.04% - Dazhong Utilities (01635): 373M shares, 69.80% - Xinyi Energy (01108): 170M shares, 67.89% - Tianjin Capital Environmental Protection (01065): 227M shares, 66.80%

2. **Top 10 Stocks with Largest Holdings Increase (Past 5 Trading Days)** - Xiaomi Corporation-W (01810): +HK$3.819B, +93.385M shares - Meituan-W (03690): +HK$3.387B, +34.039M shares - KE Holdings-W (02423): +HK$1.617B, +37.689M shares

3. **Top 10 Stocks with Largest Holdings Decrease (Past 5 Trading Days)** - Alibaba-W (09988): -HK$3.258B, -22.595M shares - Tencent Holdings (00700): -HK$1.698B, -2.846M shares - Tracker Fund of Hong Kong (02800): -HK$1.506B, -59.184M shares

*Note: Data is automatically generated based on HKEX disclosures and AI calculations. Holding value changes are derived from share count adjustments multiplied by the previous closing price.*