Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Increased Holdings - The companies with the largest increases in Hong Kong Stock Connect holdings include: - Hang Seng China Enterprises (02828) with an increase of 6.65%, bringing the total holding to 8.92% [2]. - Tracker Fund of Hong Kong (02800) with an increase of 2.53%, now at 4.89% [2]. - Southern Hang Seng Technology (03033) with an increase of 1.68%, totaling 60.17% [2]. - In the recent five trading days, the largest increases were seen in: - Derun Holdings (01709) with a 7.99% increase, now at 26.35% [3]. - Changfei Optical Fiber (06869) with a 5.86% increase, now at 55.28% [3]. - Chifeng Jilong Gold Mining (06693) with a 3.43% increase, now at 41.14% [3]. Group 2: Decreased Holdings - The companies with the largest decreases in Hong Kong Stock Connect holdings include: - Nanjing Panda Electronics (00553) with a decrease of 1.40%, now at 42.68% [2]. - Dongfang Electric (01072) with a decrease of 1.07%, now at 39.13% [2]. - Dongyang Sunshine Pharmaceutical (06887) with a decrease of 0.99%, now at 49.32% [2]. - In the recent five trading days, the largest decreases were noted in: - Kailai Pharmaceutical (06821) with a decrease of 5.31%, now at 46.07% [3]. - Dongyang Sunshine Pharmaceutical (06887) with a decrease of 3.72%, now at 49.32% [3]. - Ganfeng Lithium (01772) with a decrease of 2.58%, now at 33.34% [3]. Group 3: Long-term Trends - Over the past 20 days, the largest increases in holdings were observed in: - Changfei Optical Fiber (06869) with a 25.54% increase, now at 55.28% [4]. - Dongfang Electric (01072) with an 11.80% increase, now at 39.13% [4]. - The largest decreases over the same period were in: - Marco Digital Technology (01942) with a decrease of 9.72%, now at 42.63% [4]. - Longpan Technology (02465) with a decrease of 6.79%, now at 44.90% [4].

南京熊猫（600775）电子股份(00553)拉升超11%，公司A股尾盘涨停。截至发稿，涨11.35%，报6.28港 元，成交额8.61亿港元。 中信证券近日指出，随着技术的不断进步和应用场景的扩展，脑机接口的潜力将进一步释放，推动人类 进入一个人与机器深度融合的新时代。该行建议关注：医疗级产品有望快速落地的领先企业；有望推出 消费级脑机产品的公司；具有脑机接口关键技术积累的公司。 消息面上，脑机接口领域近期催化密集。工信部等七部门此前联合发文《关于推动脑机接口产业创新发 展的实施意见》，提出到2027年，实现脑机接口关键技术突破，初步构建先进技术体系、产业体系与标 准体系，电极、芯片及整机产品性能达到国际先进水平，并在工业制造、医疗健康、生活消费等领域加 快应用。此外，海外脑机接口重要催化不断，继苹果之后，OpenAI也进军脑机接口。 ...

中信证券近日指出，随着技术的不断进步和应用场景的扩展，脑机接口的潜力将进一步释放，推动人类 进入一个人与机器深度融合的新时代。该行建议关注：医疗级产品有望快速落地的领先企业；有望推出 消费级脑机产品的公司；具有脑机接口关键技术积累的公司。 消息面上，脑机接口领域近期催化密集。工信部等七部门此前联合发文《关于推动脑机接口产业创新发 展的实施意见》，提出到2027年，实现脑机接口关键技术突破，初步构建先进技术体系、产业体系与标 准体系，电极、芯片及整机产品性能达到国际先进水平，并在工业制造、医疗健康、生活消费等领域加 快应用。此外，海外脑机接口重要催化不断，继苹果之后，OpenAI也进军脑机接口。 智通财经APP获悉，南京熊猫电子股份(00553)拉升超11%，公司A股尾盘涨停。截至发稿，涨11.35%， 报6.28港元，成交额8.61亿港元。 ...

Group 1 - The brain-computer interface sector experienced a short-term surge, with Nanjing Panda hitting the daily limit up [1] - Innovation Medical and Botao Bio previously reached their daily limit up, while Sanbo Neuroscience rose over 10% [1] - Other companies such as Beiyikang, Chengyitong, Zhongke Information, Qisheng Technology, and Rongtai Health also saw gains [1]

Core Viewpoint - Nanjing Panda Electronics Co., Ltd. has shown a positive stock performance with a 3.9% increase, indicating market interest and potential growth opportunities in the electronic industry [1] Company Overview - Nanjing Panda Electronics is a key player in China's electronics industry, focusing on modern digital cities, industrial internet, and intelligent manufacturing [1] - The company has strong R&D capabilities, managing one national engineering technology development center, seven provincial R&D centers, and one post-doctoral workstation [1] - A joint venture with Ericsson has been established, named Nanjing Ericsson Panda Communication Co., Ltd. [1] Financial Performance - As of the first quarter of 2025, Nanjing Panda Electronics reported total revenue of 406 million yuan and a net loss of 35.28 million yuan [1] - The company is set to disclose its mid-year report for the fiscal year 2025 on August 26 [1]

Group 1 - The core viewpoint of the article highlights the significant rise in Hong Kong's brain-computer interface (BCI) concept stocks, driven by a recent policy initiative from multiple government departments aimed at promoting the BCI industry [1] - The Ministry of Industry and Information Technology, National Development and Reform Commission, and Ministry of Education, among others, jointly issued implementation opinions on August 7, targeting breakthroughs in key technologies by 2027 and the establishment of a technology, industry, and standards system [1] - By 2030, the goal is to cultivate 2-3 global leading enterprises in the BCI sector, indicating a strategic push for China to gain a competitive edge in the global BCI landscape [1] Group 2 - Recent breakthroughs in policy, technology, capital, and medical applications signify that BCI technology is transitioning from laboratory research to large-scale commercial use [1] - According to Guojin Securities, the BCI sector has diverse application scenarios and rich product and research paths, suggesting a vast potential market that could accelerate commercialization with supportive policies for product registration and medical insurance [1] - Domestic leading companies have made significant technological advancements in non-invasive BCI products, indicating a promising commercial potential for these innovations [1] Group 3 - Notable stock performances include Nanjing Panda Electronics rising over 10%, Brain Hole Technology increasing by 7%, and MicroBrain Science up by 5%, reflecting investor optimism in the BCI sector [1] - The stock prices and percentage changes of key companies are as follows: Nanjing Panda Electronics at 5.880 with a 10.11% increase, Brain Hole Technology at 0.230 with a 6.98% increase, MicroBrain Science at 16.020 with a 4.98% increase, and Brain Motion Aurora-B at 5.150 with a 1.58% increase [1]

香港联交所最新资料显示，8月11日，南京熊猫（600775）电子股份(00553)股东将股票由港股通(深)转 入港股通(沪)，转仓市值8190.01万港元，占比6.34%。 南京熊猫电子股份发布公告，公司预计2025年半年度实现归属于母公司所有者的净亏损约人民币5400万 元到人民币4500万元。公司预计2025年半年度实现归属于母公司所有者的扣除非经常性损益的净亏损约 人民币5900万元到人民币5000万元。 ...

南京熊猫电子股份发布公告，公司预计2025年半年度实现归属于母公司所有者的净亏损约人民币5400万 元到人民币4500万元。公司预计2025年半年度实现归属于母公司所有者的扣除非经常性损益的净亏损约 人民币5900万元到人民币5000万元。 智通财经APP获悉，香港联交所最新资料显示，8月11日，南京熊猫电子股份(00553)股东将股票由港股 通(深)转入港股通(沪)，转仓市值8190.01万港元，占比6.34%。 ...

Group 1 - On August 8, several stocks including Hutchison Whampoa, Nanjing Panda Electronics, Oriental Selection, Fubo Group, Zai Ding Pharmaceutical, and Huitongda Network made their debut on the Hong Kong Stock Connect active trading list for the first time in a month [1][2] - The total trading volume of active stocks on August 8 reached 33.757 billion HKD, accounting for 27.32% of the total trading amount on that day, with a net buying amount of 1.614 billion HKD [1] - Among the active stocks, SMIC had the highest trading volume at 11.074 billion HKD, followed by Alibaba and Xiaomi with trading amounts of 3.887 billion HKD and 3.800 billion HKD respectively [1] Group 2 - Hutchison Whampoa had a trading volume of 0.958 billion HKD with a net selling of 0.158 billion HKD, closing down 15.99% [2] - Nanjing Panda Electronics recorded a trading volume of 1.075 billion HKD with a net selling of 0.025 billion HKD, closing down 10.40% [2] - Oriental Selection had a trading volume of 1.024 billion HKD with a net buying of 0.056 billion HKD, closing up 12.32% [2] - Fubo Group had a trading volume of 0.747 billion HKD with a net buying of 0.031 billion HKD, closing up 18.36% [2] - Zai Ding Pharmaceutical had a trading volume of 0.768 billion HKD with a net buying of 0.217 billion HKD, closing down 10.47% [2] - Huitongda Network had a trading volume of 1.758 billion HKD with a net buying of 0.076 billion HKD, closing up 26.90% [2]

Core Insights - On August 8, 2025, SMIC (00981), Alibaba-W (09988), and Xiaomi Group-W (01810) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 6.668 billion, 2.541 billion, and 2.286 billion respectively [1] - In the Southbound Stock Connect for Shenzhen, SMIC (00981), Xiaomi Group-W (01810), and Alibaba-W (09988) also ranked as the top three, with trading amounts of 4.406 billion, 1.514 billion, and 1.346 billion respectively [1] Southbound Stock Connect (Shanghai) - Top active companies by trading volume: - SMIC (00981): 6.668 billion with a net buy of 0.213 billion - Alibaba-W (09988): 2.541 billion with a net buy of 0.398 billion - Xiaomi Group-W (01810): 2.286 billion with a net buy of 0.547 billion - Tencent Holdings (00700): 1.916 billion with a net buy of 0.424 billion - Huizhou Network (09878): 1.758 billion with a net buy of 0.0758 billion - Hua Hong Semiconductor (01347): 1.125 billion with a net sell of 0.336 billion - Nanjing Panda Electronics (00553): 1.075 billion with a net sell of 0.0252 billion - CSPC Pharmaceutical Group (01093): 1.075 billion with a net sell of 0.133 billion - Dongfang Zhenxuan (01797): 1.024 billion with a net buy of 0.0556 billion - Jing Tai Holdings (02228): 0.956 billion with a net buy of 0.0446 billion [1] Southbound Stock Connect (Shenzhen) - Top active companies by trading volume: - SMIC (00981): 4.406 billion with a net sell of 0.639 billion - Xiaomi Group-W (01810): 1.514 billion with a net sell of 0.0745 billion - Alibaba-W (09988): 1.346 billion with a net buy of 0.333 billion - Tencent Holdings (00700): 1.214 billion with a net sell of 0.319 billion - Hutchison China MediTech (00013): 0.958 billion with a net sell of 0.158 billion - CanSino Biologics (09926): 0.893 billion with a net buy of 0.0202 billion - Zai Lab (09688): 0.768 billion with a net buy of 0.0217 billion - Innovent Biologics (01801): 0.759 billion with a net buy of 0.0745 billion - Fufeng Group (03738): 0.747 billion with a net buy of 0.0315 billion - Tracker Fund of Hong Kong (02800): 0.729 billion with a net buy of 0.0684 billion [1]