Single-week net sell-off exceeds HKD 6.3 billion; increased holdings in CNOOC, Alibaba, and other tech and internet stocks

MaticHoleFiller · 2026-03-28T03:51:24+00:00

This week, southbound funds net outflow of approximately HKD 6.329 billion, with the Hang Seng Index facing a dip to 25,000 points. Alibaba and Tencent Holdings experienced short-term inflows, but overall capital flow weakened, and SMIC was heavily sold off. On Friday, net outflow reached HKD 21.005 billion, mainly flowing out of SMIC and China National Offshore Oil Corporation.

MaticHoleFiller

2026-03-28 03:51:24

Abstract generation in progress

On March 20, the Financial Associated Press reported (Editor: Feng Yi) that according to Wind data, net southbound capital outflow this week totaled approximately HKD 6.329 billion, showing a tendency to reduce positions again.

In the short term, capital continued to bet on a rebound through the three major ETFs this week. However, with the Hang Seng Index accelerating its decline below the 25,000-point mark, selling actions reappeared on Friday.

On that day, the Tracker Fund of Hong Kong (02800.HK), Hang Seng China Enterprises (02828.HK), and Southern Hang Seng Technology (03033.HK) saw net sell-offs of HKD 13.382 billion, HKD 4.175 billion, and HKD 3.630 billion, respectively.

In terms of individual stocks, southbound capital over the past 7 days:

Significant net buys: Alibaba-W (09988.HK) HKD 5.125 billion; Tencent Holdings (0700.HK) HKD 3.251 billion; China National Offshore Oil (00883.HK) HKD 2.894 billion; Xiaomi Group-W (01810.HK) HKD 1.608 billion.

Significant net sells: SMIC (00981.HK) HKD 2.129 billion.

Investment Highlights

Alibaba-W dropped a cumulative 6.64% this week, with capital adding 6.29 million shares in the previous 5 days, showing continued short-term inflow.

Tencent Holdings dropped a cumulative 7.21% this week, with capital adding 3.98 million shares in the previous 5 days, and short-term inflow has slowed.

China National Offshore Oil rose a cumulative 2.08% this week, with capital adding 85.78 million shares in the previous 5 days, and short-term inflow has slowed.

Xiaomi Group-W dropped a cumulative 0.36% this week, with capital reducing holdings by 11.12 million shares in the previous 5 days, but there has been some return in the last two days.

SMIC dropped a cumulative 8.52% this week, with capital reducing holdings by 10.52 million shares in the previous 5 days, and short-term outflow has accelerated.

Note: Due to the T+2 settlement of the Hong Kong Stock Exchange, the actual data is for the previous 5 days as of two days ago.

On Friday, net southbound capital outflow was approximately HKD 21.005 billion, with net outflow from the Shanghai-Hong Kong Stock Connect of about HKD 14.898 billion and net outflow from the Shenzhen-Hong Kong Stock Connect of about HKD 6.107 billion.

Data from the Hong Kong Stock Exchange shows that today, southbound capital:

Significant net buys: Xiaomi Group-W (01810.HK) HKD 2.459 billion; Alibaba-W (09988.HK) HKD 2.037 billion; Tencent Holdings (0700.HK) HKD 0.679 billion; Geely Automobile (00175.HK) HKD 0.248 billion.

Significant net sells: SMIC (00981.HK) HKD 0.878 billion; China National Offshore Oil (00883.HK) HKD 0.703 billion; Yangtze Optical Fibre and Cable (06869.HK) HKD 0.169 billion.

Geely Automobile rose 6.43% today, with capital adding 6.559 million shares in the previous 5 days, showing accelerated short-term inflow.

Yangtze Optical Fibre and Cable rose 5.49%, with capital reducing holdings by 2.71 million shares in the previous 5 days, primarily showing outflow in the short term.

Massive information and precise interpretation are all available in the Sina Finance APP.

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