港股通(沪)活跃成交股On January 3, in the Hong Kong stock market, Beishui made a net purchase of HK$9.269 billion, of which the Hong Kong Stock Connect (Shanghai) transaction made a net purchase of HK$5.638 billion and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$3.631 billion.
The Zhitong Finance App learned that on January 3, the Hong Kong Stock Exchange had a net purchase of HK$9.269 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$5.638 billion and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$3.631 billion.
The individual stocks that Beishui Net bought the most were Yingfu Fund (02800), Hang Seng China Enterprise (02828), and Industrial and Commercial Bank (01398). The individual stocks sold the most by Beishui Net were Alibaba-W (09988) and China Construction Bank (00939).
Hong Kong Stock Connect (Shanghai) active trading stocks
Hong Kong Stock Connect (Shenzhen) active trading stocks
Beishui Capital raised Hong Kong stock ETFs, and Yingfu Fund (02800) and Hang Seng China (02828) received net purchases of HK$5.061 billion and HK$0.707 billion respectively. According to the news, Guotai Junan believes that domestic policies are expected to continue to gain strength in 2025, and Hong Kong stock profits will continue to improve slightly. The likely arrival of Trump's tariffs will add some uncertainty to the domestic economic outlook. However, domestic policy tools are still sufficient to effectively prevent and mitigate risks. Furthermore, as overseas central banks continue to cut interest rates in 2025, the pressure on interest spreads at home and abroad narrows, and domestic policy space is further expanded, and relevant supporting policies are expected to continue to be introduced, which can effectively hedge against external pressure. Taken together, the profit side of Hong Kong stocks will continue to improve slightly in 2025.
Domestic bank stocks diverged, with ICBC (01398) receiving a net purchase of HK$0.674 billion and CCB (00939) receiving a net sale of HK$0.161 billion. According to the news, most major interbank interest rate bond yields are declining today. Guolian Securities pointed out that considering multiple LPR cuts in 2024, the asset-side earnings of listed banks are expected to remain under pressure in 2025. CICC, on the other hand, pointed out that current interest rates on treasury bonds have fully taken into account expectations of interest rate cuts. In the short term, future market interest rate trends focus on the possible effects of the easing pace of monetary policy, public funds stopping profits, and pre-issuance of government bonds, and later on the effects of fiscal boosting price recovery.
China Mobile (00941) received a net purchase of HK$0.387 billion. According to the news, the three major operators held successive work meetings in 2025, highlighting the comprehensive strengthening of new infrastructure construction, continuing reform and innovation, and emphasizing the importance of subsequent high-quality development. According to GF Securities, the fundamentals of operators have basically bottomed out in 2024, and a steady recovery is expected in the 25th year. Continue to recommend investment opportunities for low-volatility dividend asset operators in the context of abundant liquidity. China Galaxy Securities said that demand for communication equipment, which is the foundation of the digital economy's computing power infrastructure, is expected to usher in high growth, and related sectors may usher in greater opportunities.
Tencent (00700) and Weimeng Group (02013) received net purchases of HK$0.163 billion and HK$55.66 million respectively. According to the news, the gift delivery function of the WeChat store is gradually being grayed out. GF Securities pointed out that currently WeChat is not doing e-commerce from scratch. On the basis of mini-program merchants, WeChat stores are an upgrade of infrastructure and service systems, which is expected to enhance WeChat's e-commerce market. Open Source Securities pointed out that Weimeng Group took the lead in connecting applets to WeChat stores. In the future, as WeChat's e-commerce ecosystem improves, Weimeng is expected to be the first to benefit as Tencent's leading service provider.
Additionally, CNOOC (00883) and SMIC (00981) received net purchases of HK$0.172 billion and HK$12.81 million respectively. Meanwhile, Alibaba-W (09988) had a net sale of HK$0.169 billion.
