Core Insights - On September 25, 2025, Alibaba-W (09988), Xiaomi Group-W (01810), and SMIC (00981) were the top three companies by trading volume in the southbound trading of the Stock Connect, with trading amounts of 11.969 billion, 7.178 billion, and 4.734 billion respectively [1] - The same companies also led in the Shenzhen-Hong Kong Stock Connect southbound trading, with trading amounts of 6.315 billion, 4.224 billion, and 3.029 billion respectively [1] Southbound Trading Highlights - **Top Active Companies in Southbound Trading (Shanghai-Hong Kong Connect)**: - Alibaba-W (09988): Trading amount of 11.969 billion, net buying of 2.469 billion [2] - Xiaomi Group-W (01810): Trading amount of 7.178 billion, net selling of 0.287 billion [2] - SMIC (00981): Trading amount of 4.734 billion, net buying of 0.666 billion [2] - **Top Active Companies in Southbound Trading (Shenzhen-Hong Kong Connect)**: - Alibaba-W (09988): Trading amount of 6.315 billion, net buying of 2.163 billion [2] - Xiaomi Group-W (01810): Trading amount of 4.224 billion, net selling of 0.515 billion [2] - SMIC (00981): Trading amount of 3.029 billion, net buying of 0.293 billion [2]

Core Viewpoint - China Everbright Holdings (0165.HK) surged over 30%, reaching HKD 13.24, marking the highest level since January 2018 [1] Company Summary - The stock price increase indicates strong market interest and potential positive sentiment towards the company's future performance [1]

Core Viewpoint - The stock of China Everbright Holdings has seen a significant increase, with a rise of 28%, reaching a price of 13.02 HKD [1] Group 1 - The stock price of China Everbright Holdings has expanded its gains, indicating strong market interest and potential investor confidence [1]

Group 1 - The Hang Seng Index rose by 0.43%, gaining 115 points to reach 26,633 points, while the Hang Seng Tech Index increased by 1.91% with a morning trading volume of HKD 175.8 billion [1] - Contemporary Amperex Technology Co., Limited (CATL) saw its stock price increase by over 5%, reaching a new high since its listing, with Credit Lyonnais raising its target price to HKD 670 [1] - JD Group's stock rose by over 6%, with plans to invest continuously over the next three years to develop a trillion-scale artificial intelligence ecosystem [1] Group 2 - Luoyang Molybdenum Co., Ltd. experienced a 13% increase, reaching a new high, amid supply disruptions in cobalt and copper, and announced a HKD 5 billion equity incentive plan [2] - Zijin Mining Group Co., Ltd. rose by over 6%, benefiting significantly from rising gold and copper prices, with its subsidiary expected to be the second-largest IPO globally this year [2] - Semiconductor stocks continued their upward trend, with Alibaba announcing an expansion in AI capital expenditure, and Goldman Sachs optimistic about long-term demand growth for Chinese AI chips; Hua Hong Semiconductor rose by over 6%, while SMIC increased by nearly 2% [2] Group 3 - China Everbright Holdings Co., Ltd. surged by over 21%, with a cumulative increase of 110% in stock price this year, focusing on key industries including artificial intelligence and semiconductors [3] Group 4 - Jinli Permanent Magnet Co., Ltd. rose by over 6%, with the robotics industry expected to see multiple catalysts, as the company has made early investments in the robotics sector [4] Group 5 - Shanghai Electric Group Co., Ltd. increased by over 6%, with new breakthroughs in the nuclear fusion sector and continued advancements in emerging industries [5] Group 6 - Chery Automobile Co., Ltd. saw its stock price rise by over 8% on its first day of listing [6] Group 7 - Changfei Optical Fiber and Cable Co., Ltd. fell by over 2%, as its former largest shareholder liquidated 23.73% of its shares within six months [7]

每经AI快讯，9月25日，港股中国光大控股(00165.HK)涨超11%，年内股价已累涨1.1倍。截至发稿，涨 11.12%，报11.29港元，成交额2.43亿港元。 ...

Core Viewpoint - China Everbright Holdings (00165) has seen its stock price rise over 11%, reaching a new high of 11.48 HKD, the highest since July 2020, with a year-to-date increase of 1.1 times [1] Group 1: Company Performance - As of the report, the stock price increased by 11.12%, trading at 11.29 HKD with a transaction volume of 243 million HKD [1] - The company manages a total of 42 primary market funds with a total scale of 86.5 billion HKD, focusing on key industries such as artificial intelligence, semiconductors, smart manufacturing, and biomedicine [1] Group 2: Investment Focus - In the fund management sector, the company emphasizes investments in technology companies, with all newly established funds since 2021 directed towards the high-tech field [1] - Recent investment cases include notable companies such as Shengmei Semiconductor and Shanghai Micro Electronics, although some historical projects may have exited [1] Group 3: Market Trends - The large technology sector has recently gained significant market attention, highlighted by the 25th China International Industry Fair held in Shanghai, where Chip-on-Micro showcased several key products and won prestigious awards [1] - Shanghai Micro Electronics (SMEE) publicly presented the parameters of its extreme ultraviolet (EUV) lithography machine for the first time at the same event [1]

智通财经APP获悉，中国光大控股(00165)再涨超11%，高见11.48港元创2020年7月以来新高。年内股价 已累涨1.1倍。截至发稿，涨11.12%，报11.29港元，成交额2.43亿港元。 公开资料显示，光大控股旗下42只一级市场基金总规模865亿港元，布局重点行业包括人工智能、芯 片、智能制造、生物医药等"新质生产力"领域。根据国泰海通证券研报，在基金管理领域，公司重点投 资科技领域公司，自21年以来，新成立基金全部面向高科技领域。公司近年来投资典型案例中包括盛美 半导体、上海微电子等。不过，国泰海通证券在研报中提示，以上公司为历史投资项目，部分项目可能 已经退出。 值得一提的是，近来大科技板块备受市场热捧，据报道，9月23日，第二十五届中国国际工业博览会在 上海国家会展中心开幕。芯上微装携多款重磅新品精彩亮相，并凭借卓越的技术实力，成功斩获展会最 高荣誉"工博会CIIF 大奖"及"集成电路创新成果奖"。同日，上海微电子(SMEE)展台上首次公开亮相了 极紫外(EUV)光刻机参数图。 ...

Group 1 - China Everbright Holdings (00165) saw a significant stock increase of over 12%, with a current rise of 9.86% to HKD 10.25, and a trading volume of HKD 586 million [1] - The company is a leader in China's private equity investment, focusing on private asset management and proprietary capital investment [1] - According to Guotai Junan Securities, the company has concentrated its fund management efforts on the technology sector, with all newly established funds since 2021 targeting high-tech industries, which is expected to yield substantial returns [1] Group 2 - At the 25th China International Industry Fair held on September 23, Chipone Microelectronics showcased several new products and won the highest honors, including the CIIF Award and the Integrated Circuit Innovation Achievement Award [2] - Shanghai Micro Electronics Equipment (SMEE) publicly displayed the parameters of its extreme ultraviolet (EUV) lithography machine for the first time at the fair [2] - Semitool Shanghai announced the launch of its first KrF process front-end coating and developing equipment, with the first system scheduled for delivery to a leading logic wafer foundry in China by September 2025 [2]

Group 1 - China Everbright Holdings (00165) saw its stock price increase by over 12%, currently trading at HKD 10.25 with a transaction volume of HKD 586 million [1] - The company is a leader in private equity investment in China, focusing on private asset management and proprietary capital investment [1] - According to Guotai Junan Securities, the company has concentrated its fund management efforts on the technology sector, with all newly established funds since 2021 targeting high-tech industries, which is expected to yield substantial returns [1] Group 2 - Recent investments by the company include notable cases in the information technology sector, such as investments in Shengmei Semiconductor and Shanghai Micro Electronics [1] - The 25th China International Industry Fair opened on September 23, showcasing significant innovations, including the award-winning products from Chip-on-Micro and the first public display of EUV lithography machine parameters by Shanghai Micro Electronics [1] - Shengmei Shanghai announced the launch of its first KrF process front-end coating and developing equipment, with the first system scheduled for delivery to a leading logic wafer foundry in China by September 2025 [1]

Group 1 - The company ST Ningke (600165.SH) has received a civil ruling from the Shizuishan Intermediate Court regarding its restructuring process, which is set to be accepted [1] - A temporary administrator has been appointed to manage the company during this restructuring phase [1] - As a result of the court's decision, the company's stock will be subject to delisting risk warnings, and trading will be affected [1] Group 2 - The company's stock will be suspended for one day starting from September 18, 2025, and will resume trading on September 19, 2025, under a new name *ST Ningke [1] - After the delisting risk warning is implemented, the stock will continue to trade on the risk warning board with a daily price fluctuation limit of 5% [1]