On July 22, Yum China fell 3.16% in regular trading, trading at HKD 339.4 per share, with turnover of approximately HKD 88.26 million.

On the news front, E Fund's star manager Zhang Kun disclosed Q2 reports for his flagship fund E Fund Blue Chip Select on July 21, revealing a significant reduction in Yum China holdings by approximately 23.78%. The fund's Hong Kong stock allocation was slashed from 46.07% in Q1 to 25.11%, nearly halving. While Yum China remains among the top ten holdings, its weighting declined substantially. Zhang Kun's team noted that companies primarily exposed to domestic demand faced considerable operating pressure during Q2, prompting a portfolio rotation toward technology sectors including electronics and communications.

With over RMB 20 billion in assets under management, Zhang Kun's reduction exerted notable pressure on market sentiment. Separately, BlackRock also reduced its Yum China position by approximately 60,000 shares in early July. The company has maintained a steady buyback program, repurchasing shares on both the NYSE and HKEX throughout June and July.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)