On December 22, Tencent Holdings (00700), Alibaba-W (09988), and Hong Kong Exchanges and Clearing (00388) ranked as the top three stocks by net southbound capital inflow, attracting 1.115 billion, 1.055 billion, and 309 million, respectively. Conversely, China Mobile (00941), CMOC Group (03993), and China International Capital Corporation (03908) led the market in net southbound capital outflows, with outflows of -1.053 billion, -184 million, and -181 million, respectively.

In terms of net inflow ratio, China Communications Services (00552), Sino Wealth (02402), and Sunshine Insurance (06963) topped the list with ratios of 167.31%, 126.18%, and 118.17%, respectively. For net outflow ratio, Ark Health (06086), Crystal International (02232), and Tong Ren Tang Chinese Medicine (03613) were the top three, recording ratios of -478.67%, -132.72%, and -110.40%, respectively.

Top 10 Net Inflow List Stock Name Net Inflow Net Inflow Ratio Closing Price Tencent Holdings (00700) 1.115B 13.09% 614.500 (+0.08%) Alibaba-W (09988) 1.055B 12.23% 146.400 (+0.76%) HKEX (00388) 309M 24.77% 407.000 (0.00%) China Merchants Bank (03968) 226M 26.25% 51.000 (-0.10%) CSPC Pharmaceutical Group (01093) 209M 14.73% 8.250 (+0.61%) Changfei Optical Fiber & Cable (06869) 191M 6.23% 57.550 (+11.21%) CSOP Hang Seng TECH Index ETF (03033) 188M 8.25% 5.415 (+1.03%) Sinopec (00386) 184M 49.05% 4.510 (-0.44%) Power Assets (00006) 172M 66.41% 54.500 (+0.74%) BYD Company (01211) 166M 12.47% 93.750 (+0.05%)

Top 10 Net Outflow List Stock Name Net Outflow Net Outflow Ratio Closing Price China Mobile (00941) -1.053B -54.21% 83.700 (-0.24%) CMOC Group (03993) -184M -29.82% 19.100 (+1.76%) CICC (03908) -181M -30.22% 20.540 (+0.98%) UBTECH (09880) -176M -25.45% 114.000 (+1.97%) Horizon Robotics-W (09660) -164M -10.65% 9.120 (0.00%) PetroChina (00857) -160M -20.36% 8.080 (-0.12%) PICC P&C (02328) -121M -20.77% 16.680 (+0.12%) Ping An Insurance (02318) -114M -7.93% 65.250 (-0.31%) Shenzhou International (02313) -102M -61.80% 61.600 (+1.07%) ICBC (01398) -101M -8.35% 6.130 (+0.16%)

Top 10 Net Inflow Ratio List Stock Name Net Inflow Ratio Net Inflow Closing Price China Communications Services (00552) 167.31% 26.5926M 4.520 (-0.88%) Sino Wealth (02402) 126.18% 26.5481M 23.980 (+0.33%) Sunshine Insurance (06963) 118.17% 31.5558M 3.940 (-0.51%) China Jinmao (00817) 107.35% 20.3023M 1.230 (0.00%) CSOP EAST WEST SELECT (03441) 103.12% 5.2522M 10.430 (-0.19%) China Tobacco International (06055) 96.12% 48.4664M 35.020 (+1.57%) KLN (00636) 87.19% 7.5773M 7.080 (+0.85%) Cao Cao Mobility (02643) 80.36% 40.7456M 31.100 (+1.83%) CSOP Hang Kong Connect (03432) 71.43% 10.7K 107.000 (-0.05%) H&H International (01112) 67.78% 3.5772M 13.600 (+1.12%)

Top 10 Net Outflow Ratio List Stock Name Net Outflow Ratio Net Outflow Closing Price Ark Health (06086) -478.67% -3.4612M 2.570 (-0.39%) Crystal International (02232) -132.72% -13.3532M 6.900 (-0.14%) Tong Ren Tang Chinese Medicine (03613) -110.40% -4.9769M 8.520 (+0.12%) First Tractor (00038) -108.97% -16.0336M 8.890 (-0.67%) 361 Degrees (01361) -103.26% -17.3412M 5.950 (-1.16%) Gushengtang (02273) -100.73% -20.3678M 29.440 (-0.27%) Digital China (00861) -93.06% -3.5905M 2.630 (-0.38%) Xinyi Energy (03868) -91.78% -4.1014M 1.150 (-1.71%) Tiangong International (00826) -89.27% -10.3330M 3.020 (-0.33%) Fudan Zhangjiang (01349) -79.58% -1.4979M 2.840 (+0.71%)

Note: The southbound capital flow data in the tables above represents the aggregate inflow/outflow via the Stock Connect program. As the Hong Kong Exchange operates on a T+2 settlement cycle, this data is delayed.