The Zhitong Finance App learned that on July 5, the Hong Kong Stock Exchange had a net purchase of HK$0.35 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$1.157 billion, and the Hong Kong Stock Connect (Shenzhen) transaction had a net sale of HK$0.807 billion.

The individual stocks that Beishui Net bought the most were ICBC (01398), Tencent (00700), and Sinopec (00386). The individual stocks sold the most by Beishui Net were Yingfu Fund (02800), Hang Seng China Enterprise (02828), and China Mobile (00941).

Hong Kong Stock Connect (Shanghai) actively traded stocks

Hong Kong Stock Connect (Shenzhen) actively traded stocks

ICBC (01398) and CCB (00939) received net purchases of HK$0.332 billion and HK$11.72 million respectively. According to the news, four state-owned banks, Industrial and Commercial Bank, Bank of China, China Construction Bank, and Bank of Communications, will pay dividends this month, totaling more than 300 billion yuan. The CITIC Securities Research Report pointed out that early multi-party policies helped improve banks' risk expectations, increase bank stock valuations with more fundamental support, and further consolidate the certainty of dividend income space. Guoxin Securities (Hong Kong) pointed out that in the medium to long term, China has sufficient policy space, economic endogenicity is gradually recovering, and the performance of listed banks in 2025 is likely to reach an inflection point in performance.

Tencent (00700) received a net purchase of HK$0.218 billion. According to the news, Macquarie released a research report saying that it remains optimistic about more high-quality games to be launched, which may become a key catalyst to further boost the company's growth and profit visibility. The bank believes that more mature industries will accelerate market integration, which will naturally benefit leading industry players. The bank said it raised the fiscal year forecast for the game “Dungeons and Warriors” from 6 billion yuan to 18 billion to 20 billion yuan, driving Tencent's game revenue forecast to increase by 5%.

Sinopec (00386) and CNOOC (00883) received net purchases of HK$0.193 billion and HK$52.68 million respectively. According to the news, UBS published a report raising its oil price forecast for the second half of the year. The oil price forecast for the third quarter was raised from 84 US dollars per barrel to 86 US dollars per barrel, and the oil price forecast for the fourth quarter was raised from 81 US dollars per barrel to 83 US dollars per barrel. UBS still favors “three barrels of oil” and continues to recommend CNOOC, CNPC, and Sinopec because OPEC+ production cuts may support oil prices in the third quarter.

Shangtang-W (00020) received a net purchase of HK$0.168 billion. According to the news, on July 5, at the 2024 World Artificial Intelligence Conference, Shangtang Technology released the “Japan-Japan New 5o” model. The interactive experience is comparable to OpenAI's newly released GPT-4O, which enables real-time streaming multi-modal interaction. Furthermore, Galaxy Securities pointed out that the pace of release of “Nisshin SenseNova” has exceeded expectations, and its comprehensive capabilities have been greatly improved. It is at the leading level in the domestic industry. It is expected to reduce application-side costs and thresholds, further broaden application-side scenarios, and accelerate the AI commercialization process.

The Hong Kong Stock Exchange (00388) had a net sale of HK$0.189 billion. According to the news, Deloitte previously released a report saying that the number of IPOs in Hong Kong this year is expected to be around 80, and the capital raised is about 60 billion to HK$80 billion, which is up to 40% lower than the April forecast of HK$100 billion. It is expected that 4 new shares with a capital amount of 1 billion US dollars will be listed throughout the year. Meanwhile, Nomura said earlier that it is predicted that the Hong Kong Stock Exchange's revenue for the next quarter will reach 5.5 billion yuan, up 9% year on year, up 5% month on month; net profit is expected to increase 10% year on year to 3.2 billion yuan, up 8% month on month.

Hong Kong stock ETFs were sold off by Beishui Capital, and Yingfu Fund (02800) and Hang Seng China (02828) were net sold HK$0.949 and HK$0.601 billion respectively. According to the news, BOCI published a research report. It is expected that Hong Kong stocks will continue to fluctuate greatly in the second half of this year, but they are cautiously optimistic about the trend of Hong Kong stocks in the second half of this year. Zheshang Securities, on the other hand, pointed out that the fundamentals of the current market have not improved significantly, and there is great uncertainty in terms of funding; the policy side has lacked strong policy incentives recently.

Furthermore, China Mobile (00941) had a net sale of HK$0.213 billion.