Chinese Investors Trim Exposure to Tencent After April Peak
Chinese investors have steadily reduced their exposure to Tencent Holdings Ltd. over the past two months as the tech giant struggles to maintain market enthusiasm.
The percentage of Tencent shares owned by mainland traders slid to just under 11% on Monday, according to data compiled by Kaiyuan Securities Co. Investors have been offloading shares via the Southbound trading link with Hong Kong for almost every session since ownership hit a peak of around 12% in late April, the data show.
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