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Southbound funds net purchased nearly 16.6 billion this week, significantly increasing positions in Tencent and China Mobile, while outflowing from Meituan and China Construction Bank Corporation.
Where did the approximately HKD 11.83 billion of southbound funds flow to this week? How did Tencent's stock price perform this week with a cumulative inflow of over HKD 3.5 billion in the past 7 days?
Maxis, China Mobile Ink Deal For 5G Innovation
Northbound funds| Net buying of 6.635 billion Hong Kong stock ETFs, Tencent (00700) received shareholding of more than 0.8 billion Hong Kong dollars after its performance.
On August 15th, the Hong Kong stock market saw a net buy of HK$6.635 billion by northbound investors, with a net buy of HK$4.474 billion for the Shanghai-Hong Kong Stock Connect and HK$2.161 billion for the Shenzhen-Hong Kong Stock Connect.
South-to-north Water Diversion Project | Net selling of over 7.1 billion yuan in South Water's A shares, selling 0.374 billion yuan of Moutai; North Water increased China Mobile's position.
Track the latest trends of north-south directional funds.
Northbound trading activity | Net sold 1.041 billion shares by northbound investors. Tencent (00700) released its performance report after the closing, and was sold off by more than 0.1 billion Hong Kong dollars before its results.
On August 14th, the Hong Kong stock market had a net sell of 1.041 billion Hong Kong dollars by Northbound investors, of which the Hong Kong stock connect (Shanghai) had a net sell of 0.895 billion Hong Kong dollars and the Hong Kong stock connect (Shenzhen) had a net sell of 0.146 billion Hong Kong dollars.
Research report golden ⎼ China Securities Co., Ltd.: China Mobile's performance is steadily growing, maintaining a "buy" rating.
According to the CITIC Construction Investment Securities Research Report, China Mobile (600941.SH)'s performance has been growing steadily, and dividend returns are still attractive. Revenue for the first half of the year reached 546.7 billion yuan, up 3.0% year on year, and net profit to mother was 80.2 billion yuan, up 5.3% year on year. The company's overall operations have remained steady. In terms of the individual market, against the backdrop of slowing traffic growth, the company is strengthening the integrated operation of applications, rights, and terminals to maintain a stable individual market; in the household market, while promoting the continuous penetration of gigabit broadband, it strengthens the “smart home+ content” drive to enhance the comprehensive ARPU of the home market; in the government and enterprise market, it continues to deepen
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ZnWC : China has emerged as the world’s top producer of generative AI patents, but it is struggling to turn many of its ideas into action thanks to US export controls and longstanding struggles with its innovation culture at home.
Source:
China wrestles with ‘quantity over quality’ in generative AI patents | Technology - Al Jazeera
ZnWC : Despite the lower overall number of patents, US developers have a clear lead. Stanford University’s 2024 AI Index named the US as the undisputed home of the most “notable AI models” to date, producing 61, compared with 21 from the European Union and 15 from China.