The Zhitong Finance App learned that on December 19, the Hong Kong Stock Exchange had a net purchase of HK$14.601 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$9.154 billion and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$5.448 billion.

The individual stocks that Beishui Net bought the most were Yingfu Fund (02800), Hang Seng China (02828), and Tencent (00700). The most sold individual stock by Beishui Net is CNOOC (00883).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Beishui Capital once again increased its holdings in Hong Kong stock ETFs. Yingfu Fund (02800) and Hang Seng China (02828) received net purchases of HK$4.087 billion and HK$1.618 billion respectively. According to the news, Tianfeng Securities pointed out that the Hong Kong stock market fluctuated and rose in the first week of December. Compared to the global market, Chinese assets are still cost-effective. Based on the gradual restoration of expectations and the gradual improvement of fundamentals in the future, the current Hong Kong stock market is still attractive in terms of valuation, and the risk-return ratio is high. Furthermore, as the Christmas holidays approach, Sino-Thai International expects the volatility or transaction amount of Hong Kong stocks to gradually decline, and policy expectations also support the smooth transition of Hong Kong stocks.

Tencent broke out in the afternoon. Tencent (00700) and Weimeng Group (02013) received net purchases of HK$1.27 billion and HK$0.379 billion respectively. According to the news, there are reports that Apple is in discussions with Tencent and ByteDance to integrate the artificial intelligence models of the two companies into iPhones sold in China, but negotiations are still in the early stages. In addition, the WeChat store officially launched a grayscale test for the “send a gift” function. A relevant person in charge of WeMeng said that as one of Tencent's important ecological partners, the Weimeng Mini Program is taking the lead in connecting to WeChat stores to support merchants to participate in the WeChat e-commerce ecosystem; currently, related products are being connected to provide users with richer shopping choices and a more convenient shopping experience.

China Mobile (00941) received a net purchase of HK$0.771 billion. On the news, Haitong International pointed out that the importance attached to market value management in the operation of central enterprises will continue to increase. The publication of the “Opinion” is expected to further push listed companies controlled by central enterprises to improve the strength, frequency, and efficiency of market value management, thus promoting the value of central enterprises to be more fully reflected in the market. Great Wall Securities pointed out that in the face of a slowdown in C-side growth, operators are focusing on H-side development and seizing gigabit development opportunities. Supported by clear policy expectations, the gigabit business is developed through integrated development and other methods. We are optimistic that the gigabit business will become an important breakthrough in operators' performance growth at this stage by boosting H-side performance. Stable performance growth guarantees the investment value of the dividend attributes of the three major operators.

Jingtai Holdings-P (02228) received another net purchase of HK$0.312 billion. According to the news, on December 16, Jingtai Technology and Microsoft China announced the signing of a strategic cooperation memorandum to cooperate using cutting-edge technologies such as artificial intelligence (AI), large models, and robotics laboratories, and actively explore innovative applications of these technologies in biomedicine and materials science, and create a new chapter in scientific research, education and innovative applications. It is worth noting that in August of this year, Jingtai Technology and GCL Group signed a 5-year cooperation agreement to jointly develop a series of differentiated new materials with industry competitiveness and industrial application potential, and to build an AI+ automated digital intelligence creation system driven by a large model in the materials field for GCL.

Alibaba-W (09988) received a net purchase of HK$40.18 million. According to the news, Alibaba announced that it will sell 100% of Yintai's shares to a purchasing party consortium composed of members of the Youngor Group and the Yintai management team. The total proceeds from this sale are 7.4 billion yuan (equivalent to 1 billion US dollars), and the estimated loss from this sale is 9.3 billion yuan (equivalent to 1.3 billion US dollars). Damo believes that the sale of Yintai is in line with Ali's management strategy of focusing on core business and potentially divesting offline retail business. In view of the well-known decline in asset values, the recorded losses should not surprise the market, especially if the losses were non-cash and non-recurring. The bank either cashed out the proceeds or contributed to a potential special dividend before the end of the current financial year. Similar to what the Group did last year.

ZTE (00763) received a net purchase of HK$32.74 million. According to the news, Northeast Securities pointed out that ZTE is a leading international communications equipment provider and is optimistic about the company's competitive advantage and continued growth in the field of computing power+connectivity. Maintain a “buy” rating. The company grasped the new opportunities brought by the big AI model and launched a full-stack global intelligent computing solution covering computing power, networks, capabilities, large models and applications. Shanghai Securities previously pointed out that high demand for computing power continues, ZTE has stable customer resources and has been deeply involved in the chip industry for many years, and is expected to seize opportunities in the computing power industry and achieve a new round of growth.

Additionally, Xiaomi Group-W (01810) and Yisou Technology (02550) received net purchases of HK$0.362 billion and HK$41.3 million respectively. Meanwhile, CNOOC (00883) had a net sale of HK$0.25 billion.