Tencent tops Chinese mutual funds’ holdings as Hong Kong stocks gain traction

Quick Summary:

Some 1,200 mainland Chinese mutual funds held a combined 151 million Tencent shares worth US$9.5 billion at the end of the first quarter.

Alibaba Group Holding, which owns the Post, placed fourth with 651 funds owning 33.95 billion yuan worth of shares, and Midea Group rounded off the top five with 913 funds holding 33.7 billion yuan worth of shares.

Some 1,200 mainland Chinese mutual funds held a combined 151 million Tencent shares worth US$9.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong Kong

Topics: Worth Yuan Holding Funds Mutual Shares Quarter Billion Mainland Chinese Held

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 17:00:16 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28168614

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