In "Major Banks," CICC lists the "heavy positions" of domestic actively managed equity funds in Hong Kong stocks for the last quarter (table)

CICC published a research report on the positions of mainland public funds in Hong Kong stocks, listing the "heavy positions" of actively managed equity funds in mainland China for Q4 2025:

Stock │ Number of funds increased relative to Q3 last year │ Increase in market value compared to Q4 last year

Tencent (00700.HK) │ Decreased by 77 funds │ -10.28 billion

Alibaba-W (09988.HK) │ Decreased by 181 funds │ -16.97 billion

SMIC (00981.HK) │ Decreased by 125 funds │ -9.02 billion

Innovent Biologics (01801.HK) │ Decreased by 83 funds │ -4.86 billion

CNOOC (00883.HK) │ Increased by 46 funds │ +1.95 billion

Huahong (01347.HK) │ Decreased by 61 funds │ -3.34 billion

3SBio (01530.HK) │ Decreased by 61 funds │ -2.33 billion

China Mobile (00941.HK) │ Increased by 1 fund │ -1.44 billion

Pop Mart (09992.HK) │ Decreased by 52 funds │ -4.1 billion

Kanglongda Biotech-B (06990.HK) │ Decreased by 8 funds │ -1.55 billion

Zijin (02899.HK) │ Decreased by 3 funds │ +0.28 billion

Ping An (02318.HK) │ Increased by 49 funds │ +1.49 billion

Meituan-W (03690.HK) │ Increased by 39 funds │ +1.17 billion

CanSino Biologics (09926.HK) │ Decreased by 29 funds │ -2.25 billion

China Life (02628.HK) │ Increased by 41 funds │ +1.21 billion

China Hongqiao (01378.HK) │ Increased by 20 funds │ +0.15 billion

Kuaishou-W (01024.HK) │ Decreased by 50 funds │ -2.6 billion

China Pacific Insurance (02601.HK) │ Increased by 32 funds │ +0.75 billion

Lomon Billions (03993.HK) │ Increased by 10 funds │ -0.24 billion

Yingend Bio-B (09606.HK) │ Increased by 46 funds │ +1.28 billion

Yangtze Optical Fibre and Cable (06869.HK) │ Increased by 25 funds │ +1.02 billion

Geely (00175.HK) │ Increased by 5 funds │ +0.92 billion

CCB (00939.HK) │ Increased by 4 funds │ -30 million

Shandong Gold (01787.HK) │ Decreased by 23 funds │ -0.77 billion

Zhaojin (01818.HK) │ Decreased by 16 funds │ -0.3 billion

Youran Dairy (09858.HK) │ Increased by 32 funds │ +0.82 billion

China Gold International (02099.HK) │ Increased by 24 funds │ +0.89 billion

Xiaomi-W (01810.HK) │ Decreased by 75 funds │ -6.67 billion Zijin Gold International (02259.HK) │ Increased by 42 │ +1.32 billion

Jitu Express - W (01519.HK) │ Increased by 11 │ -100 million

BeiGene (06160.HK) │ Decreased by 9 │ -1.48 billion

WuXi AppTec (02268.HK) │ Decreased by 17 │ -990 million

Industrial and Commercial Bank of China (01398.HK) │ Increased by 4 │ +30 million

Shijiazhuang Pharmaceutical (01093.HK) │ Decreased by 18 │ -440 million

Beike - W (02423.HK) │ Increased by 6 │ -10 million

Fudan University (01385.HK) │ Decreased by 13 │ -630 million

China Eastern Airlines (00670.HK) │ Increased by 24 │ +1.17 billion

Bilibili - W (09626.HK) │ Decreased by 5 │ -320 million

Mao Geping (01318.HK) │ No change │ +160 million

XPeng - W (09868.HK) │ Decreased by 9 │ -890 million

China Resources Land (01109.HK) │ Increased by 2 │ +200 million

Hong Kong Stock Exchange (00388.HK) │ Decreased by 24 │ -1.26 billion

Goldwind Technology (02208.HK) │ Decreased by 9 │ -360 million

TCL Electronics (01070.HK) │ Increased by 8 │ No change

Jiangxi Copper (00358.HK) │ Increased by 2 │ +690 million

WuXi Biologics (02269.HK) │ Decreased by 7 │ -1.02 billion

HSBC Holdings (00005.HK) │ Increased by 2 │ +340 million

China Aluminum (02600.HK) │ Increased by 7 │ +170 million

China Southern Airlines (01055.HK) │ Increased by 12 │ +800 million