Track the latest developments in Southbound Funding
On November 28, Southbound made a net purchase of HK$7.81 billion in Hong Kong stocks. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$4.614 billion, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$3.197 billion.
Net purchases of Alibaba 0.56 billion, Meituan 0.548 billion, China Mobile 0.345 billion, Kangfang Biotech 0.335 billion, Geely Auto 0.311 billion, CNOOC 0.224 billion, Shunyu 0.196 billion, and SMIC 0.114 billion.
According to statistics, Southbound has made net purchases of China Mobile for 4 consecutive days, totaling HK$1.12,274 billion; net purchases of CNOOC for 6 consecutive days, totaling HK$0.7933 billion; and net purchases of Meituan for 3 consecutive days, totaling HK$1.57719 billion. In the 49 trading days since it was included in the Hong Kong Stock Connect, Southwest Capital has accumulated a net purchase of HK$74.36,915 billion on Alibaba.
Beishui focuses on individual stocks
Kang Fang Biotech: According to the 2024 National Health Insurance Catalogue released today, Kang Fang Biotech's major innovative drugs evosimab injection and cardonilizumab injection were all included in the new medical insurance catalogue after being bid on the 2024 national health insurance negotiation site. The agreement is valid from January 1, 2025 to December 31, 2026.
Geely Automobile: According to Hong Kong Stock Exchange equity disclosure documents, Geely Automobile Chairman Li Shufu's shareholding in the company increased from 41.19% to 41.40%. According to documents, Li Shufu purchased a total of 24.2 million Geely shares for two consecutive days on November 26 and 27, at a cost of about HK$0.316 billion.
CNOOC: The company announced that Zhou Xinhuai will no longer serve as the company's president due to work needs. Zhou Xinhuai is still the company's vice chairman, executive director and CEO; Yan Hongtao was appointed as the company's executive director, president, and member of the Strategy and Sustainability Committee, and is no longer the company's vice president.
SMIC: The company issued an announcement that on November 27, 2024, non-company directors will issue 0.0568 million shares of common stock as a result of exercising restricted share units granted under the 2014 Share Award Plan (adopted on June 13, 2013). On the same day, non-company directors issued 0.109 million common shares in exercise of restricted share units granted under the 2024 Share Award Scheme (adopted on June 28, 2023).
