CICC: This week, southbound inflows expanded, with the mainland banking sector receiving the most inflows

CICC's research shows that this week, southbound funds totaled HKD 48.91 billion, with an average daily inflow of HKD 9.78 billion, an increase from the previous week's average daily inflow of HKD 7.39 billion. In terms of sectors, mainland banks, energy/raw materials, and insurance were the most favored by southbound funds last week. In terms of individual stocks, Tencent and China Mobile were the most favored by southbound investors last week, while Meituan and Geely were sold off