CATL(300750) 深圳商报·2025-04-23 22:41Group 1 - The core viewpoint of the articles highlights the increasing preference of public funds for Hong Kong stocks, particularly Tencent Holdings, which has become the top heavy-weight stock for the first time in public fund reports [1][2] - As of the end of Q1 2025, nearly 1,200 funds held over 151.28 million shares of Tencent, marking a 24.67% increase quarter-on-quarter [1] - The overall equity position of public funds has slightly increased, with stock and mixed funds averaging 88.64% and 79.56% respectively [1] Group 2 - The market capitalization of Tencent held by public funds reached HKD 69.384 billion, a significant increase of 48.07% due to strong performance in the Hong Kong internet technology and semiconductor sectors [1] - Ningde Times has dropped to the second-largest heavy-weight stock, with a market value of approximately RMB 53.369 billion, while Kweichow Moutai has become the third [2] - The number of funds holding Alibaba has increased significantly, with 651 funds holding 287 million shares by the end of Q1, up from 200 funds holding 148 million shares at the end of the previous year [2] Group 3 - Analysts suggest that the high "AI content" in Hong Kong stocks and the scarcity of quality targets are driving a revaluation of asset values, particularly benefiting from the "China AI theme narrative" [3] - Investment focus is recommended in three main areas: technology, consumption, and innovative pharmaceuticals, as favorable policies and improved global liquidity conditions are expected to create a golden period for these sectors [3]