Southbound Funds Net Sold HK$6.79 Billion; Alibaba-W, Tencent, Pop Mart Saw Biggest Outflows

Southbound funds recorded net sales of HK$6.792 billion, with Alibaba Group Holding Ltd.-W, Tencent Holdings Ltd., and Pop Mart International Group Ltd. seeing net outflows of HK$3.866 billion, HK$1.971 billion, and HK$812 million, respectively, according to 36Kr. On the buying side, Semiconductor Manufacturing International Corp. (SMIC), Kingboard Holdings, and Kingboard Laminates ranked as the top three by net inflows, at HK$1.786 billion, HK$1.689 billion, and HK$1.637 billion, respectively.