ME News reports that on July 30 (UTC+8), southbound funds recorded a net outflow of RMB 8.571 billion. On the Shanghai-Hong Kong Stock Connect, the Tracker Fund of Hong Kong and POP MART were net sold for HK$1.972 billion and HK$385 million, respectively; Tencent Holdings had the highest net purchase at HK$444 million. On the Shenzhen-Hong Kong Stock Connect, SMIC and Alibaba-W were net sold for HK$1.376 billion and HK$993 million, respectively; Tencent Holdings had the highest net purchase at HK$568 million. (Source: ChainCatcher)
Southbound funds net sold CNY 8.571 billion on July 30, with Tencent Holdings net bought.
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Summary
On-chain data shows that southbound funds net sold CNY 8.571 billion on July 30. In the Shenzhen-Hong Kong Stock Connect, the Invesco China Greater Market Fund and Pop Mart were net sold HKD 1.972 billion and HKD 385 million, respectively, while Tencent Holdings was net bought HKD 444 million. In the Shanghai-Hong Kong Stock Connect, SMIC and Alibaba were net sold HKD 1.376 billion and HKD 993 million, respectively, while Tencent Holdings was net bought HKD 568 million. On-chain analysis indicates mixed investor sentiment among major names.
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