The Zhitong Finance App learned that on October 22, the Hong Kong Stock Exchange had a net purchase of HK$59.06, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$4.001 billion and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$1.906 billion.

The individual stocks that Beishui Net bought the most were Geely Auto (00175), Yingfu Fund (02800), and Southern Hang Seng Technology (03033). The individual stocks sold the most by Beishui Net were SMIC (00981) and AUTOSTREETS (02443).

Hong Kong Stock Connect (Shanghai) actively traded stocks

Hong Kong Stock Connect (Shenzhen) actively traded stocks

Beishui Capital increased its stock holdings, and Geely Auto (00175) and Ideal Automobile-W (02015) received net purchases of HK$0.499 billion and HK$58.97 million respectively. According to the news, German Chancellor Scholz recently stated that China has performed well in the field of electric vehicles and reiterated Germany's opposition to imposing tariffs on Chinese electric vehicles. Everbright Securities believes that with multiple favorable policies such as the promotion of automobile trade-in policies and lower interest rates on consumer loans, the trend of recovering automobile consumption is clear, and it is optimistic about the prospects for recovering the total volume of 2H24E vehicles. It is worth noting that Geely Auto plans to spend about 0.124 billion yuan to acquire all of Ningbo Passenger Vehicle's shares.

Yingfu Fund (02800) and Southern Hang Seng Technology (03033) received net purchases of HK$0.486 billion and HK$0.436 billion respectively. According to the news, Guoyuan International believes that although Hong Kong stocks are adjusted or continued in the short term, medium- to long-term market bottoming may be nearing completion, and the long-term market still needs to consider the final strength and effects of future fiscal policies. CICC said that considering the actual restrictions of the current policy and the correction after the previous emotional overdraft, the market is more likely to have a volatile structural market and a pulse rebound under a certain catalyst.

Tencent (00700) received a net purchase of HK$0.3 billion. According to the news, Guoxin Securities pointed out that as the domestic game industry enters a mature period, it is concerned about trends such as the platformization of DAU games and subsequent new product performance. Flow delays and cardinality effects have driven 24H2 and 25H1 Tencent games into a strong growth cycle. China Merchants Securities said that Tencent's main business is steady, and social communication is basically stable. The company's product cycle changes in the past many rounds of industrial transformation have fully demonstrated its strong product incubation capabilities and strategic capabilities. The bank believes that in the AI era, full attention should be paid to the company's potential in applied R&D and commercialization, and continues to be optimistic about the company's profitability.

Meituan-W (03690) received a net purchase of HK$0.204 billion. According to the news, BOC International pointed out that Meituan's current price corresponds to a price-earnings ratio of 25 times/20 times in 2024/25, leading the industry, and also occupies a leading position in the instant retail and delivery industry in mainland China, and food and beverage takeout has achieved a high online penetration rate. Goldman Sachs released a research report saying that currently, investors' main concerns are the expansion of Meituan's Keeta in the Middle East region, Meituan's food delivery order growth/average order value prospects, store competition, and the expansion of Meituan InstaMart, etc. Among them, the food delivery and store businesses remain strong and stable.

China Traditional Chinese Medicine (00570) received a net purchase of HK$0.125 billion. According to the news, on October 18, China Traditional Chinese Medicine issued an announcement. Sinopharm Group, the controlling shareholder of the company, officially came to an end with plans to privatize Chinese medicine at a price of HK$4.6 per share. According to reports, in February of this year, China Traditional Chinese Medicine issued an announcement stating that Sinopharm Group plans to privatize Chinese medicines at a price of 4.6 Hong Kong dollars per share. As for the reason for this privatization, China Traditional Chinese Medicine believes that due to limited transaction volume in the secondary market, its function as a financing platform for listed companies is limited.

CNOOC (00883) received a net purchase of HK$74.28 million. According to the news, Bank of China International released a research report stating that it reiterated its “gain” rating for China's petroleum industry, and that CNOOC is still the industry's first choice. Due to the drop in average oil prices, it is expected that the profits of the three major mainland oil companies in the third quarter will drop sharply from quarter to quarter. Among them, the profits of upstream and downstream integrated enterprises declined even more. Given the good increase in production, CNOOC is probably the only company to achieve a year-on-year increase.

Sunac China (01918) received a net purchase of HK$62.3 million. According to the news, CCB International said that according to data from the National Bureau of Statistics, China's real estate market continues to improve. At the “Press Conference of the New State Office to Promote the Stable and Healthy Development of the Real Estate Market” held on October 17, a joint department spokesperson proposed a policy to restart monetized housing and expand the credit scale for whitelist projects to 4 trillion. For the time being, the bank believes that the market has underestimated the impact of these policies.

AUTOSTREETS (02443) had a net sale of HK$11.49 million. According to the news, AUTOSTREETS will lift the ban on 0.55 billion shares on November 27, accounting for 66.1% of the total share capital. This is also the first time the ban was lifted after the company went public. The Zhitong Finance App points out in “AUTOSTREETS (02443): Skyrocketing before the ban is lifted...” that the smaller market capitalization is compounded by an unusually high turnover rate, and the meaning of market speculation is getting stronger, and considering that the day of lifting the ban is imminent, under the appearance of rising stock prices and high trading volume, the intention of the main force to increase stock prices to attract retail investors to enter the market and then take the opportunity to “cut the chives” is already very obvious.

Additionally, Alibaba-W (09988) and China Mobile (00941) received net purchases of HK$0.233 billion and HK$98.81 million respectively. Meanwhile, SMIC (00981) had a net sale of HK$0.277 billion.