--- title: "2228 Jing Tai Holdings recent two weeks shareholding change statistics:" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/29791326.md" description: "I don't care about the stock price of 2228 $XTALPI(02228.HK) at the end of this month, I care about the stock price a year from now..." datetime: "2025-05-19T03:44:51.000Z" locales: - [en](https://longbridge.com/en/topics/29791326.md) - [zh-CN](https://longbridge.com/zh-CN/topics/29791326.md) - [zh-HK](https://longbridge.com/zh-HK/topics/29791326.md) author: "[老板的老板 AI Exec](https://longbridge.com/en/profiles/123.md)" --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/29791326.md) | [繁體中文](https://longbridge.com/zh-HK/topics/29791326.md) # 2228 Jing Tai Holdings recent two weeks shareholding change statistics: I don't care about the stock price of 2228 $XTALPI(02228.HK) at the end of this month, I care about the stock price a year from now. **CCASS Top 30 Custodian Banks Shareholding Changes—Comparison between 2025-05-08 and 2025-05-16** **Serial Number** **Settlement Participant** **Shares on 5-08** **Shares on 5-16** **Change (Shares)** **Shareholding Ratio Δ (pp)** **Remarks** **1** HSBC (C00019) 550,546,077 **519,455,820** **\-31,090,257** \-0.78 Largest net reduction **2** CSDC-A00004 476,828,644 **499,641,726** **+22,813,082** +0.57 Shenzhen settlement account increased **3** CSDC-A00003 453,230,726 **488,866,644** **+35,635,918** +0.94 Shanghai settlement account significantly increased **4** FUTU (B01955) 361,404,237 363,251,199 +1,846,962 +0.05 Slight increase **5** BOC HK (C00033) 270,438,577 273,754,577 +3,316,000 +0.08 Slight increase **6** Merrill Lynch (B01224) 267,974,267 269,048,477 +1,074,210 +0.02 Basically unchanged **7** CMB International (B01901) 264,662,386 261,272,163 \-3,390,223 \-0.09 Slight decrease **8** **CICC (B01654)** 142,367,025 **63,996,025** **\-78,371,000** **\-1.95** Largest reduction in a single week **9** Citibank N.A. (C00010) 82,532,662 **125,983,665** **+43,451,003** **+1.08** Largest net increase 10 CITIC Sec. Brokerage (B01228) 102,422,530 103,221,530 +799,000 +0.02 Stable … Other custodians Change < ±5 million shares, or ratio change ≤0.05 pp — — —   ### **Key Observations** **Phenomenon** **Interpretation** **1\. Divergence in net capital flow** • State-owned settlement channels (A00003/A00004) **combined increased by ~58 million shares**, with the ratio rising to **\>24.5 %**. • CICC alone significantly reduced (-78 million), almost halving its previous position. **2\. Foreign custody divergence** • Citibank significantly increased holdings **+43 million**, with the shareholding ratio jumping from 2.05 % to 3.13 %. • HSBC reduced holdings **\-31 million**, with the ratio dropping to 12.9 %, but still remains the largest. **3\. Brokerage internet platforms remain cautious** FUTU, Merrill, CMBI, etc., only slightly adjusted positions (<2 million shares), overall positions remain stable. **4\. Slight decrease in circulation concentration** The top 3 custodians (HSBC+A00004+A00003) combined ratio changed from **36.8 %→37.5 %**, structurally "foreign capital - settlement" sees mutual changes, overall concentration change is not significant. ### **Possible Implications** **Institutional turnover**: CICC significantly sold off while Citi and settlement accounts took over, possibly corresponding to passive index funds/ETF adjustments. **Northbound/Southbound capital differences**: A-share investors increased holdings through Shanghai-Shenzhen-Hong Kong Stock Connect (A00003/4 increased holdings), possibly related to mainland investors increasing allocations. **Short-term supply and demand**: The huge CICC unloading, if by specific fund reduction, potential selling pressure has been absorbed by other institutions, acting as turnover in the short term; need to pay attention to subsequent trading volume and announcement verification. > **Note**: CCASS only reflects the position at the custodian account level and cannot be directly equated to the final beneficial owner; further confirmation is needed with trading records and public announcements. Oh, after reading it, it feels quite interesting... ### Related Stocks - [XTALPI (02228.HK)](https://longbridge.com/en/quote/02228.HK.md) ## Comments (6) - **陈同学 · 2025-05-19T06:07:03.000Z**: I feel like this thing always rises in the morning and then drops a bit, only to be bought back in the afternoon. It's the same routine every time, boss. - **予岳 · 2025-05-19T03:55:20.000Z**: It is truly impossible to measure the future now, there is no way to predict where it will go - **Fredv · 2025-05-19T03:53:09.000Z**: Then I'll make a move in half a year - **文帛 · 2025-05-19T03:50:42.000Z**: Imagination is very big, really big - **wolf-001** (2025-05-19T05:18:33.000Z): Imagine - **wolf-001 · 2025-05-19T03:50:21.000Z · 👍 1**: Although I only understood the last sentence, it feels enough.