Overview
Monitor and analyze capital flows between mainland China and Hong Kong through Stock Connect programs. Track northbound capital (Northbound capital - foreign money into A-shares) and southbound capital (Southbound capital - mainland money into HK stocks) to identify investment trends and institutional positioning.
Stock Connect Overview
Northbound (Northbound) - Into A-Shares
- Shanghai Connect (Shanghai Connect): Access Shanghai stocks
- Shenzhen Connect (Shenzhen Connect): Access Shenzhen stocks
- Daily quota: 520 billion RMB each way
- Eligible stocks: Major index constituents, large/mid caps
Southbound (Southbound) - Into HK Stocks
- Hong Kong Stock Connect (Shanghai) via Shanghai: Access HK stocks
- Hong Kong Stock Connect (Shenzhen) via Shenzhen: Access HK stocks
- Daily quota: 420 billion RMB each way
- Eligible stocks: HSI/HSCEI constituents, large caps
Data Sources
Real-time & Daily Data:
- East Money - Northbound capital (eastmoney.com)
- Hithink RoyalFlush - Capital flows (10jqka.com.cn)
- Hong Kong Exchanges and Clearing (HKEX) - Mutual Market Access data
- Wind Information (wind.com.cn)
Search Strategy:
- "Northbound capital inflow today" - Daily northbound flow
- "Northbound capital holdings [stock name]" - Individual stock holdings
- "Southbound capital net purchases" - Southbound net purchases
- "Shanghai-Shenzhen-Hong Kong Stock Connect capital flows" - Overall Stock Connect flows
Analysis Framework
1. Daily Flow Summary
## 今日跨境资金流向
### 北向资金 (Northbound)
| 指标 | 数值 |
|-----|------|
| 沪股通净流入 | ¥XX.XX亿 |
| 深股通净流入 | ¥XX.XX亿 |
| 北向合计净流入 | ¥XX.XX亿 |
| 本周累计 | ¥XX.XX亿 |
| 本月累计 | ¥XX.XX亿 |
| 年初至今 | ¥XX.XX亿 |
### 南向资金 (Southbound)
| 指标 | 数值 |
|-----|------|
| 港股通(沪)净流入 | HK$XX.XX亿 |
| 港股通(深)净流入 | HK$XX.XX亿 |
| 南向合计净流入 | HK$XX.XX亿 |
| 本周累计 | HK$XX.XX亿 |
| 本月累计 | HK$XX.XX亿 |
2. Northbound Stock Holdings Analysis
Top Holdings Changes:
### 北向资金持股变动 Top 10
#### 增持榜
| 股票 | 持股数量 | 变动数量 | 变动比例 | 持股市值 |
|-----|---------|---------|---------|---------|
| | | +XXX万股 | +X.XX% | ¥XX亿 |
#### 减持榜
| 股票 | 持股数量 | 变动数量 | 变动比例 | 持股市值 |
|-----|---------|---------|---------|---------|
| | | -XXX万股 | -X.XX% | ¥XX亿 |
Individual Stock Query:
### [股票名称] 北向资金持仓分析
| 指标 | 数值 |
|-----|------|
| 北向持股数量 | XXX万股 |
| 占流通股比例 | X.XX% |
| 持股市值 | ¥XX.XX亿 |
| 近5日变动 | +/-XXX万股 |
| 近20日变动 | +/-XXX万股 |
| 近60日变动 | +/-XXX万股 |
#### 持股趋势
[描述近期增减持趋势和可能原因]
3. Southbound Stock Analysis
Top Southbound Holdings:
### 南向资金持股 Top 20
| 排名 | 股票 | 持股数量 | 占比 | 持股市值 | 5日变动 |
|-----|-----|---------|-----|---------|--------|
| 1 | 腾讯控股 | XX亿股 | X.X% | XXXX亿 | +/-X% |
| 2 | ... | | | | |
4. Flow Trend Analysis
Weekly/Monthly Patterns:
- Identify consistent buying/selling patterns
- Correlate with market movements
- Identify sector preferences
Seasonal Patterns:
- MSCI rebalancing periods (Feb, May, Aug, Nov)
- Index reconstitution impacts
- Holiday effects (Chinese New Year, Golden Week)
5. Sector Flow Analysis
### 北向资金行业配置
| 行业 | 持仓市值 | 占比 | 周变动 | 月变动 |
|-----|---------|-----|-------|-------|
| 食品饮料 | ¥XXXX亿 | XX% | +X% | +X% |
| 电力设备 | ¥XXXX亿 | XX% | -X% | +X% |
| 银行 | ¥XXXX亿 | XX% | +X% | -X% |
| 医药生物 | ¥XXXX亿 | XX% | +X% | +X% |
| ... | | | | |
Signal Interpretation
Bullish Signals (Bullish signals)
- Northbound capital consecutive large net inflows (>5 billion/day for 3+ days)
- Core assets receive sustained increased positions
- Foreign holdings ratio hits new high
- Inflows synchronized with A-share rise
Bearish Signals (Bearish signals)
- Northbound capital sustained net outflows
- Heavily held stocks significantly reduced
- Outflows accompanied by index decline
- Foreign capital systematically reduces positions in a certain industry
Divergence Signals (Divergence signals)
- Market falls but northbound continues inflows (possible bottom)
- Market rises but northbound continues outflows (possible top)
- Single stock heavily bought by northbound but price doesn't rise
Output Templates
Daily Report
# 跨境资金日报 [日期]
## 市场概览
[今日A股/港股表现简述]
## 北向资金
- 今日净流入: ¥XX.XX亿
- 市场解读: [分析流入/流出原因]
### 重点增持
1. [股票1] +XX万股，[可能原因]
2. [股票2] +XX万股，[可能原因]
### 重点减持
1. [股票1] -XX万股，[可能原因]
## 南向资金
- 今日净流入: HK$XX.XX亿
- 重点标的: [列出主要买入股票]
## 后市展望
[基于资金流向的短期市场判断]
Individual Stock Report
# [股票名称] 外资持仓分析
## 北向持仓概览
[基本持仓数据表格]
## 持仓趋势
[图表描述或趋势分析]
## 与股价关系
[北向增减持与股价走势的相关性分析]
## 机构观点
[如有，列出相关外资机构的评级]
## 投资建议
[基于外资动向的操作建议]
Example Queries
Daily queries:
- "How are northbound capital flows today"
- "What has northbound capital bought recently"
- "Southbound capital net purchases ranking"
- "Stocks with most foreign inflows this week"
Individual stock queries:
- "How much northbound capital holds in Kweichow Moutai"
- "Changes in foreign holdings of CATL"
- "Southbound capital holdings in Tencent"
Trend analysis:
- "What industries has northbound capital favored recently"
- "Which stocks have foreign capital continuously increased positions in"
- "Stocks with highest northbound capital holding ratios"
Signal analysis:
- "Is there divergence between northbound capital and the broader market"
- "Which stocks are foreign capital quietly building positions in"
- "Impact of MSCI adjustments on northbound capital"