As of December 4, 2025, the top three stocks by Hong Kong Stock Connect ownership ratio were CHINA TELECOM (00728), DYNAGREEN ENV (01330), and HAO TIAN INTL (01341), with holdings of 72.75%, 69.12%, and 68.59%, respectively.

In the latest five trading days with available data, MEITUAN-W (03690), POP MART (09992), and Alibaba-W (09988) saw the largest increases in holdings by value, rising by +HK$36.91 billion, +HK$19.48 billion, and +HK$12.39 billion, respectively. Conversely, ZIJIN MINING (02899), SMIC (00981), and CHINA MOBILE (00941) recorded the most significant declines, dropping by -HK$11.62 billion, -HK$9.24 billion, and -HK$4.58 billion, respectively.

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

1. **Top 20 Stocks by Hong Kong Stock Connect Ownership Ratio** - CHINA TELECOM (00728): 10.096B shares (72.75%) - DYNAGREEN ENV (01330): 280M shares (69.12%) - HAO TIAN INTL (01341): 7.440B shares (68.59%) - DZUG (01635): 365M shares (68.47%) - TRIUMPH NEW EN (01108): 170M shares (67.82%) - CHINA SHENHUA (01088): 2.266B shares (67.09%) - TIANJIN CAPITAL (01065): 226M shares (66.32%) - COSCO SHIP ENGY (01138): 855M shares (65.98%) - SOUTHERN HANG SENG TECH (03033): 8.694B shares (61.87%) - HOLLY FUTURES (03678): 151M shares (60.66%)

2. **Top 10 Increases in Holdings (Past 5 Trading Days)** - Alibaba-W (09988): +HK$36.91B (+23.91M shares) - MEITUAN-W (03690): +HK$19.48B (+19.86M shares) - POP MART (09992): +HK$12.39B (+5.75M shares) - ZTE (00763): +HK$8.60B (+26.27M shares) - CM BANK (03968): +HK$8.09B (+15.39M shares)

3. **Top 10 Decreases in Holdings (Past 5 Trading Days)** - ZIJIN MINING (02899): -HK$11.62B (-35.01M shares) - SMIC (00981): -HK$9.24B (-13.24M shares) - CHINA MOBILE (00941): -HK$4.58B (-5.26M shares) - CCB (00939): -HK$4.52B (-57.11M shares) - SOUTHERN HANG SENG TECH (03033): -HK$4.45B (-80.93M shares)

*Note: Data is automatically generated based on HKEX figures and AI processing. Accuracy is not guaranteed. Value changes = share change × previous closing price.*