Southbound funds saw a significant net inflow of 9.838 billion yuan today. On the Shanghai side of the Hong Kong-Shanghai Stock Connect, Shangao Holdings and Pop Mart saw net inflows of HK$1.721 billion and HK$901 million, respectively. Tencent Holdings led the way with net sales of HK$650 million. On the Shenzhen side of the Hong Kong-Shenzhen Stock Connect, Alibaba-W and Tracker Asset Management saw net inflows of HK$1.254 billion and HK$1.07 billion, respectively. SMIC led the way with net sales of HK$215 million.