A “broker” can be understood simply as a brokerage firm. The exchange officially defines brokers as “market intermediaries/account holders who consent to disclosure.”
The Top 10 Brokers by Net Buying/Selling data helps investors assess institutional investors’ views on the market outlook and analyze counterparties’ trading activity.
Path: Select a HK stock > Analysis > Top 10 Net Buying/Selling Brokers
Here, you can view real-time data and data from the past 1 to 60 trading days for the top 10 brokers, providing a useful reference for both short-term traders and long-term investors.
Real-time data is estimated based on the stock’s tick-by-tick transaction details and bid/ask broker data for the current trading day. Data for the most recent N trading days is calculated as follows:
Net buying volume = Holdings on the current trading day − Holdings N trading days ago
Net selling volume = Holdings N trading days ago − Holdings on the current trading day

Broker holding percentages may, to a certain extent, reflect institutional investors’ views on the stock’s future price performance. You can find this information via the following path:
Path: Stock Details > Analysis > Top 10 Net Buying/Selling Brokers > View Details
The broker holding percentage is calculated as follows:
Broker holding percentage = Number of shares held by the broker ÷ Number of shares outstanding


Please note that changes in broker holdings are not necessarily caused by secondary-market transactions. They may also result from investors transferring positions between brokers, off-market transactions, or corporate actions.
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