＜Research＞CICC: Southbound Capital Inflows More to BOC Recently; Attention to High Div. Banks Like CCB, ABC, CM Bank, HSBC HOLDINGS Recommended

　　CICC released a research report on the positions and valuations of publicly offered funds of banks in 2Q24. Banks' fund position was 2.64%, up 0.28 ppts QoQ, mainly due to the better performance of banks.

　　Northbound capital recently inflowed to CM BANK (03968.HK) +0.250 (+0.746%) Short selling $34.96M; Ratio 20.904% , Shanghai Pudong Development Bank, while southbound capital inflowed to nation-owned banks, according to the report.

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　　Southbound fund inflowed more to Bank of China (BOC) recently, with a cumulative inflow of $26.97 billion in the last 3 months, while other major banks maintained their inflow trend. HSBC HOLDINGS (00005.HK) -0.300 (-0.447%) Short selling $118.40M; Ratio 38.437% has more southbound fund outflow, with a cumulative outflow of $7.66 billion in the past 3 months.

　　Investors are recommended to pay attention to CCB (00939.HK) +0.080 (+1.476%) Short selling $284.05M; Ratio 31.777% , ABC (01288.HK) +0.070 (+2.059%) Short selling $85.65M; Ratio 33.792% , ABC (01288.HK) +0.070 (+2.059%) Short selling $85.65M; Ratio 33.792% , HSBC and other high-dividend banks with stable operation, as well as MINSHENG BANK (01988.HK) 0.000 (0.000%) Short selling $1.01M; Ratio 8.519% and other banks that have marginal improvement potential in results and demand for financing, and policy-expected more flexible banks such as CM BANK.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-23 12:25.)

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