Southbound Stock Connect flows were net sellers of CNY2.739 bln today. Via
Shanghai–Hong Kong Stock Connect, Alibaba-W was the top net buyer at HK$1.434
bln; Tencent Holdings and Yangtze Optical Fibre & Cable were the largest net
sells at HK$476 mln and HK$239 mln respectively. Via Shenzhen–Hong Kong Stock
Connect, SMIC led net buys at HK$183 mln while Tracker Fund of Hong Kong and
Alibaba-W were the top net sells at HK$690 mln and HK$566 mln respectively.