--- title: "\"Major Banks\" Guosen Securities lists the top ten stocks for net inflow and outflow of foreign capital in Hong Kong stocks for the first quarter (Table)" type: "News" locale: "en" url: "https://longbridge.com/en/news/282486006.md" description: "According to a report by GuoXin Securities, foreign capital is expected to flow out of Hong Kong stocks by approximately HKD 85 billion in the first quarter of 2026, with the outflow scale narrowing compared to the fourth quarter of last year. Foreign capital mainly flows into industries such as non-ferrous metals and pharmaceuticals, while outflows are concentrated in software services and discretionary consumer retail. The report lists the top ten stocks for net inflow and outflow of foreign capital in the first quarter, with the top five for net inflow being Zijin Mining, China Mobile, China Southern FTSE Hong Kong Stock ETF, SMIC, and China Southern FTSE Hang Seng Technology ETF, while the top five for net outflow include Tencent, Xiaomi, and Alibaba" datetime: "2026-04-13T04:18:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282486006.md) - [en](https://longbridge.com/en/news/282486006.md) - [zh-HK](https://longbridge.com/zh-HK/news/282486006.md) --- # "Major Banks" Guosen Securities lists the top ten stocks for net inflow and outflow of foreign capital in Hong Kong stocks for the first quarter (Table) Guotai Junan Securities published a report stating that in the first quarter of this year, the scale of foreign capital outflow from Hong Kong stocks has narrowed marginally, while the pricing power of Hong Kong stocks continues to weaken. According to the stockholding details data from the Central Clearing and Settlement System of the Hong Kong Stock Exchange, foreign capital continued to flow out of Hong Kong stocks at approximately HKD 85 billion in the first quarter of this year, a decrease compared to the outflow scale in the fourth quarter of last year. Structurally, in the first quarter of 2026, foreign capital mainly flowed into non-ferrous metals and pharmaceuticals, while the pricing power in the electrical equipment and semiconductor sectors has increased. In terms of inflows, long-term foreign capital mainly flowed into non-ferrous metals and biopharmaceuticals in the first quarter of this year, while short-term foreign capital mainly flowed into semiconductors and textiles and apparel in the first quarter of 2026. In terms of outflows, long-term foreign capital mainly flowed out of software services and hardware equipment in the first quarter of 2026, while short-term foreign capital mainly flowed out of consumer discretionary retail and software services in the first quarter of 2026. Additionally, from the marginal changes in pricing power in the first quarter of 2026, the foreign capital's HALO (heavy asset, low elimination) trading model may be more prominent in Hong Kong stocks. The firm listed the top ten stocks with net inflows and outflows of foreign capital in Hong Kong stocks for the first quarter: (1) Top 10 stocks with net inflows of foreign capital in Hong Kong stocks for the first quarter Stock│Net inflow amount of foreign capital Zijin Mining (02899.HK)│HKD 8.6 billion China Mobile (00941.HK)│HKD 8.31 billion Southern Eastern FTSE Hong Kong Stock ETF (03443.HK)│HKD 8.13 billion SMIC (00981.HK)│HKD 7.86 billion Southern Eastern Hang Seng Technology ETF (03033.HK)│HKD 5.32 billion Innovent Biologics (01801.HK)│HKD 5.13 billion Chalco (02600.HK)│HKD 4.77 billion China Molybdenum (03993.HK)│HKD 4.19 billion China Minmetals (01208.HK)│HKD 4.12 billion China Hongqiao (01378.HK)│HKD 3.99 billion \------------------------------------------- (2) Top 10 stocks with net outflows of foreign capital in Hong Kong stocks for the first quarter Stock│Net outflow amount of foreign capital Tencent (00700.HK)│-HKD 50.08 billion Xiaomi-W (01810.HK)│-HKD 35.51 billion Alibaba-W (09988.HK)│-HKD 16.49 billion Pop Mart (09992.HK)│-HKD 14 billion HSBC (00005.HK)│-HKD 12.22 billion Meituan-W (03690.HK)│-HKD 11.17 billion Tracker Fund of Hong Kong (02800.HK)│-HKD 7.08 billion iShares Core MSCI Asia (ex-Japan) Index ETF (03010.HK)│-HKD 6.44 billion Beike-W (02423.HK)│-HKD 6.21 billion iShares Core MSCI China ETF (02801.HK) │ - HKD 5.99 billion ### Related Stocks - [159876.CN](https://longbridge.com/en/quote/159876.CN.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [00941.HK](https://longbridge.com/en/quote/00941.HK.md) - [159608.CN](https://longbridge.com/en/quote/159608.CN.md) - [512400.CN](https://longbridge.com/en/quote/512400.CN.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [159871.CN](https://longbridge.com/en/quote/159871.CN.md) - [159880.CN](https://longbridge.com/en/quote/159880.CN.md) - [159881.CN](https://longbridge.com/en/quote/159881.CN.md) - [600941.CN](https://longbridge.com/en/quote/600941.CN.md) - [516650.CN](https://longbridge.com/en/quote/516650.CN.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) ## Related News & Research - [Musk Set to Launch XChat This Week and Challenge WeChat's Super App Status](https://longbridge.com/en/news/282544983.md) - [China Mobile flirts with record dividend yield](https://longbridge.com/en/news/280987132.md) - [Russia sees China's WeChat, Douyin as models for its homegrown Max messenger](https://longbridge.com/en/news/282029812.md) - [China Ruyi deepens Tencent partnership with new game and content deals](https://longbridge.com/en/news/281880941.md) - [China Mobile Limited Reports Earnings Results for the Full Year Ended December 31, 2025](https://longbridge.com/en/news/280669872.md)