The Zhitong Finance App learned that on October 10, the Hong Kong Stock Exchange had a net purchase of HK$10.557 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$4.088 billion and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$6.469 billion.

The individual stocks that Beishui Net bought the most were Alibaba-W (09988), China Mobile (00941), and Ping An of China (02318). The individual stocks sold the most by Beishui Net were SMIC (00981), Sunac China (01918), and Cathay Pacific Junan (02611).

Hong Kong Stock Connect (Shanghai) actively traded stocks

Hong Kong Stock Connect (Shenzhen) actively traded stocks

Alibaba-W (09988) received a net purchase of HK$2.915 billion. According to the news, Komo released a research report saying that the Group's basic factors have improved in the short term, including government stimulus policies to improve overall consumption; the monetization policy introduced in September to accelerate core revenue growth; integrating WeChat Pay to accelerate the growth of active buyers; and continued southbound capital inflows after being included in Hong Kong Stock Connect in early September. Jefferies said that Ali has formulated a clear strategy and has solid execution capabilities, which can unleash the potential of various businesses. Macquarie said that Ali's recent cooperation with WeChat Pay will help increase the number of active buyers, thereby helping to achieve a more stable GMV dynamic.

China Mobile (00941) received a net purchase of HK$1.257 billion. According to the news, the National Development and Reform Commission and other departments issued the “Guidelines for the Construction of a National Data Standard System”, which clarifies that the national data standard system will basically be completed by 2026, providing a clear development path for the data factor industry. CITIC Securities pointed out that data element industry policies have been released intensively, and all provinces and cities have rapidly built relevant infrastructure platforms, laying a good foundation for subsequent data operation and circulation. Optimistic about the development prospects of the industry under policy guidance and support, the upstream and downstream data industry chains are expected to develop collaboratively.

Ping An of China (02318) received a net purchase of HK$0.506 billion. According to the news, Guohai Securities pointed out that the policy combination punch that exceeded expectations at the two meetings and the rapid recovery of the market resonated with Davis on both the asset side and the debt side of listed insurers; the exchange of convenient tools is expected to provide new investment strategies for insurance companies and increase the flexibility ratio on the investment side by increasing leverage. Dongwu Securities, on the other hand, said that recently, purchase restrictions in major cities have been further loosened, favorable policies have been intensively released, and restrictions on real estate valuations in the insurance sector are expected to be opened up.

Tencent (00700) received a net purchase of HK$0.43 billion. According to the news, Damo released a research report saying that Tencent's game revenue growth in the third quarter may still be strong, while growth in its advertising and fintech industries may slow down. Game revenue is likely to increase by 12.5% year over year in the third quarter, and total revenue will increase by about 20%, thanks to the continued momentum of the mobile version of “DNF” and the steady performance of other evergreen games. Although weak consumption affects payment business performance, Tencent is expected to benefit from the recent integration of WeChat Pay with the Alibaba ecosystem.

CNOOC (00883) received a net purchase of HK$56.76 million. According to the news, Goldman Sachs released a report indicating that the oil market's geopolitical risk premium index declined slightly this week. The bank believes that without major disruptions, oil prices may stabilize near current levels this quarter; however, Goldman Sachs still anticipates that the price of Brent crude oil will rise by 10 to 20 US dollars per barrel in the future compared to the current level.

Haitong Securities (06837) received a net purchase of HK$43.17 million, while Cathay Pacific Junan (02611) had a net sale of HK$36.05 million. According to the news, Cathay Pacific Junan and Haitong Securities announced plans and joint announcements relating to mergers and restructuring. Lyon said that the merger plan between the two sides is earlier than expected, but the deal still needs to go through corporate governance procedures and obtain approval from the China Securities Regulatory Commission. According to Lyon, the total assets of the new company after the merger of the two banks will reach 1.6 trillion yuan and net assets of 331 billion yuan, making it the number one Chinese brokerage firm in terms of scale. Furthermore, according to 2023 data, retail securities customers can also reach 35.93 million, or 15% of the market share.

SMIC (00981) had a net sale of HK$0.107 billion. According to the news, SMIC announced that A-share trading has fluctuated abnormally. There are no significant matters that should have been disclosed but not disclosed. Goldman Sachs published a research report saying that mainland wafer companies are expected to benefit from rising demand for domestic semiconductor manufacturing, driving long-term revenue expansion, but profits are still being pressured by depreciation burdens brought about by pricing and capacity expansion. According to the bank, fabs are planning to expand production capacity in order to catch up with rising local demand, and have a positive view of long-term opportunities.

Additionally, Kuaishou-W (01024) and Xiaomi Group-W (01810) received net purchases of HK$0.22 billion and HK$0.111 billion respectively. Meanwhile, Sunac China (01918) had a net sale of HK$52.02 million.