$TENCENT (00700.HK)$The mobile phone was pushed and bombed by various platforms, and it turned out that 2 per cent of Tencent's shares entered Hong Kong's central clearing system CCASS. A lot of people don't understand what this is. Let me explain.
CCASS is the clearing and settlement system of the Hong Kong Stock Exchange. if the shares of a stock enter the system, it will basically be seen by the market as preparation for sale. Because it costs to switch to this system and then back to it, Buffett sold it before. $BYD COMPANY (01211.HK)$That's how you do it. So there is a good chance that these 190 million shares of Tencent will be sold. South Africa holds 60 billion, and even if it sells 2 billion a week, it will take 30 weeks, that is, about half a year. Therefore, in the next six months, unless there is strong policy support or bright performance, it will be very difficult for stock prices to return to high levels.