Core Insights - On June 19, 2025, Meituan-W (03690), Pop Mart (09992), and China Construction Bank (00939) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 3.409 billion, 3.362 billion, and 3.048 billion respectively [1] - In the Shenzhen-Hong Kong Stock Connect, Pop Mart (09992), Tencent Holdings (00700), and Meituan-W (03690) led the trading volume, with amounts of 2.132 billion, 2.099 billion, and 1.946 billion respectively [1] Southbound Stock Connect - Top Active Companies - Meituan-W (03690) had a trading amount of 3.409 billion with a net buy of -431 million [2] - Pop Mart (09992) recorded a trading amount of 3.362 billion with a net buy of -291 million [2] - China Construction Bank (00939) achieved a trading amount of 3.048 billion with a net buy of +370 million [2] - Tencent Holdings (00700) had a trading amount of 2.876 billion with a net buy of -723 million [2] - Alibaba-W (09988) had a trading amount of 2.112 billion with a net buy of +51 million [2] Shenzhen-Hong Kong Stock Connect - Top Active Companies - Pop Mart (09992) led with a trading amount of 2.132 billion and a net buy of -544 million [2] - Tencent Holdings (00700) followed with a trading amount of 2.099 billion and a net buy of -586 million [2] - Meituan-W (03690) had a trading amount of 1.946 billion with a net buy of +313 million [2] - Alibaba-W (09988) recorded a trading amount of 1.348 billion with a net buy of -257 million [2] - Xiamen International Bank (01801) had a trading amount of 1.109 billion with a net buy of +35 million [2]

6月18日港股通成交活跃股 | 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 03690 | 美团-W | 港股通(沪) | 272501.24 | -36576.11 | -3.48 | | 09988 | 阿里巴巴-W | 港股通(沪) | 267839.15 | 41948.79 | -2.26 | | 00568 | 山东墨龙 | 港股通(沪) | 256511.11 | 3372.07 | 8.03 | | 09992 | 泡泡玛特 | 港股通(沪) | 231834.67 | -24251.77 | 1.63 | | 00467 | 联合能源集团 | 港股通(沪) | 228385.63 | 9316.31 | 37.50 | | 00939 | 建设银行 | 港股通(沪) | 224473.66 | 20950.83 | 0.00 | | 01810 | 小米集团-W | 港股通(沪) | 142968.00 | -29838.14 | -0.37 | | 007 ...

Group 1 - Southbound funds recorded a net purchase of 12.42 billion HKD today [1] - China Construction Bank received a net purchase of approximately 2.10 billion HKD, ranking among the top [1] - Shandong Molong also saw a net purchase of about 0.27 billion HKD [1] Group 2 - Tencent Holdings experienced a net sell-off of approximately 6.13 billion HKD [1]

Key Points - The National Medical Products Administration plans to complete the review and approval of clinical trial applications for innovative drugs that meet requirements within 30 working days [4] - The U.S. and U.K. have reached a trade agreement, which includes a quota of 100,000 vehicles per year for U.S. imports from the U.K. with a 10% tariff rate [6] - The U.S. President Trump announced a temporary suspension of sanctions against Russia to facilitate negotiations [6] - The industrial added value in China increased by 5.8% year-on-year in May, while the retail sales of consumer goods reached 41,326 billion yuan, growing by 6.4% year-on-year [4] Company News - GAC Group denied rumors regarding employee stock ownership related to GAC Aion [9] - Midea Group plans to repurchase shares worth between 5 billion to 10 billion yuan [9] - Chongqing Steel signed an asset transfer contract worth 1.081 billion yuan with Chongqing Iron and Steel Group [9] - Muyuan Foods has submitted H-share filing materials to the China Securities Regulatory Commission [9] - Weir Group's stock name will change to "Haowei Group" starting June 20 [9] - LaKala is planning to issue H-shares and list on the Hong Kong Stock Exchange [9] - China Bank's Vice President Zhang Xiaodong has left due to job relocation [9] Industry Insights - CITIC Securities has received approval to issue up to 6 billion yuan in technology innovation bonds [10] - Huatai Securities has received registration approval from the CSRC for issuing up to 10 billion yuan in technology innovation corporate bonds [10] - Huatai Securities is optimistic about the home appliance sector, highlighting the strong demand for core assets and the potential for overseas market expansion [11] - CITIC Securities predicts a price increase of 5%-10% in the wind turbine sector by 2025, indicating a new profit recovery cycle for the industry [12]

Market Overview - On June 16, the Hang Seng Index rose by 0.70%, closing at 24,060.99 points, with a total net inflow of HKD 57.43 billion through the southbound trading channel [1][3] - The total trading volume for the southbound trading was HKD 1,278.17 billion, with a net buy of HKD 57.43 billion [1] Trading Activity - The Shanghai Stock Exchange's southbound trading had a total transaction amount of HKD 779.26 billion, with a net buy of HKD 26.68 billion, while the Shenzhen Stock Exchange had a transaction amount of HKD 498.91 billion and a net buy of HKD 30.75 billion [1] - In the top ten active stocks on the Shanghai Stock Exchange, Xiaomi Group-W had the highest transaction amount of HKD 43.93 billion, followed by Shandong Molong and Alibaba-W with transaction amounts of HKD 40.27 billion and HKD 29.26 billion, respectively [1] Stock Performance - In terms of net buy amounts, China Construction Bank led with a net buy of HKD 11.08 billion, closing with a price increase of 1.97% [1] - Xiaomi Group-W recorded the highest net sell amount of HKD 14.89 billion, while its closing price increased by 4.23% [1] - In the Shenzhen Stock Exchange's top active stocks, Xiaomi Group-W again led with a transaction amount of HKD 34.12 billion, followed by Pop Mart and Meituan-W with transaction amounts of HKD 15.52 billion and HKD 15.46 billion, respectively [2] - Meituan-W had the highest net buy amount of HKD 6.22 billion, closing with a price increase of 0.43%, while Xiaomi Group-W had a net sell of HKD 3.91 billion [2]

Mergers and Acquisitions - Three Squirrels announced the termination of its acquisition of Hunan Ailing Snack Technology Co., Ltd. due to failure to reach agreement on core terms of the transaction, which was initially planned for up to 200 million yuan [1] - Bangji Technology plans to acquire all shares of several agricultural companies held by Riverstone Farm Pte. Ltd. and 80% of the shares of Paistong Livestock Technology Consulting (Shanghai) Co., Ltd. through a combination of issuing shares and cash, with the transaction price yet to be determined [2] - Taihe Intelligent intends to acquire 100% equity of Anhui Sunshine Youchu New Energy Co., Ltd. from Sunshine New Energy for no more than 50 million yuan, which constitutes a related party transaction but is not classified as a major asset restructuring [3] Shareholding Changes - Baodi Mining announced that three shareholders plan to collectively reduce their holdings by no more than 4.05% of the company's shares, with specific reductions of up to 24 million shares (3%), 8 million shares (1%), and 400,000 shares (0.05%) respectively [4] - Haoyue Nursing reported that its shareholder, Hangzhou Hope Venture Capital, plans to reduce its holdings by no more than 0.5% of the company's shares due to personal financial needs, amounting to up to 1.07 million shares [5] - Dongfang Shenghong disclosed that a concerted party of its controlling shareholder plans to increase its stake in the company by no less than 500 million yuan and no more than 1 billion yuan within six months through the Shenzhen Stock Exchange [6] Risk Matters - Yunmei Energy confirmed that there are no undisclosed significant matters following a stock price fluctuation exceeding 20% over three consecutive trading days, and both the company and its controlling shareholder have no undisclosed significant matters [7] - Shandong Molong stated that there are no undisclosed significant matters after its stock price fluctuated over 20% in two consecutive trading days, with no major changes in its production and operational environment [8] - Tongyuan Petroleum reported that the recent Israel-Palestine conflict has no impact on its business, despite a stock price fluctuation exceeding 30% over two consecutive trading days, and confirmed no undisclosed significant matters [9]

Core Insights - On June 16, 2025, Xiaomi Group-W (01810), Shandong Molong (00568), and Alibaba Group-W (09988) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 4.393 billion, 4.027 billion, and 2.926 billion respectively [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, Xiaomi Group-W (01810), Pop Mart (09992), and Meituan-W (03690) led the trading volume, with amounts of 3.412 billion, 1.552 billion, and 1.546 billion respectively [1] Southbound Stock Connect (Shanghai-Hong Kong) - Top active companies by trading amount: - Xiaomi Group-W (01810): 4.393 billion, net buy of -1.489 billion - Shandong Molong (00568): 4.027 billion, net buy of 55.0174 million - Alibaba Group-W (09988): 2.926 billion, net buy of 311 million - Pop Mart (09992): 2.646 billion, net buy of 154 million - China Construction Bank (00939): 1.938 billion, net buy of 1.108 billion - Meituan-W (03690): 1.829 billion, net buy of 493 million - Tencent Holdings (00700): 1.802 billion, net buy of -322 million - ZhongAn Online (06060): 1.700 billion, net buy of 215 million - CNOOC (00883): 1.383 billion, net buy of -261 million - Yika (09923): 1.087 billion, net buy of -2.1563 million [2] Southbound Stock Connect (Shenzhen-Hong Kong) - Top active companies by trading amount: - Xiaomi Group-W (01810): 3.412 billion, net buy of -391 million - Pop Mart (09992): 1.552 billion, net buy of -83.2303 million - Meituan-W (03690): 1.546 billion, net buy of 622 million - Alibaba Group-W (09988): 1.457 billion, net buy of -284 million - Tencent Holdings (00700): 1.314 billion, net buy of -298 million - Shandong Molong (00568): 1.162 billion, net buy of 18.7368 million - Innovent Biologics (01801): 1.111 billion, net buy of -285 million - BeiGene (06160): 1.039 billion, net buy of -228 million - Kuaishou-W (01024): 987 million, net buy of -27.6221 million - CanSino Biologics (09926): 904 million, net buy of 20.6 million [2]

6月13日恒生指数下跌0.59%，南向资金全天合计成交金额为1582.49亿港元，其中，买入成交792.19亿 港元，卖出成交790.30亿港元，合计净买入金额1.89亿港元。具体来看，港股通（深）累计成交金额 583.33亿港元，买入成交306.56亿港元，卖出成交276.77亿港元，合计净买入金额29.79亿港元；港股通 （沪）累计成交金额999.17亿港元，买入成交485.64亿港元，卖出成交513.53亿港元，合计净卖出金额 27.89亿港元。 成交活跃股方面，今日上榜个股中，南向资金成交金额最多的是山东墨龙，合计成交额97.45亿港元， 阿里巴巴-W、小米集团-W成交额紧随其后，分别成交79.63亿港元、55.14亿港元。以净买卖金额统 计，净买入的个股共有5只，美团-W净买入额为12.18亿港元，净买入金额居首，该股收盘股价下跌 1.99%，建设银行净买入额为4.06亿港元，中石化油服净买入额为8642.16万港元。净卖出金额最多的是 阿里巴巴-W，净卖出33.14亿港元，该股收盘股价下跌2.27%，腾讯控股、中国海洋石油遭净卖出20.64 亿港元、9.19亿港元。 6月13日南向资金成交活跃股 ...

2025年6月13日当天，山东墨龙（维权）(00568)、阿里巴巴-W(09988)、中国海洋石油(00883)位居沪港 通（南向）成交额前3位，成交额分别为75.70 亿元、60.17 亿元、41.42 亿元；小米集团-W(01810)、山 东墨龙(00568)、阿里巴巴-W(09988) 位居深港通（南向）成交额前3位，成交额分别为22.51 亿元、 21.76 亿元、19.46 亿元。 沪港通（南向）十大活跃成交公司 深港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 小米集团-W(01810) | 22.51 亿元 | -3.78 亿元 | | 山东墨龙(00568) | 21.76 亿元 | +46.09 万元 | | 阿里巴巴-W(09988) | 19.46 亿元 | -2.69 亿元 | | 美团-W(03690) | 17.76 亿元 | +12.54 亿元 | | 腾讯控股(00700) | 16.34 亿元 | -8.78 亿元 | | 信达生物(01801) | 14.92 亿元 | -3.94 亿元 | | 泡泡玛 ...

Group 1: Market Overview - Northbound trading recorded a net buy of HKD 1.89 billion, with the Shanghai Stock Connect showing a net sell of HKD 27.89 billion and the Shenzhen Stock Connect showing a net buy of HKD 29.79 billion [1] - The most bought stocks included Meituan-W (03690), China Construction Bank (00939), and Sinopec Oilfield Service (01033), while the most sold stocks were Alibaba-W (09988), Tencent (00700), and CNOOC (00883) [1] Group 2: Stock Performance - Meituan-W (03690) received a net buy of HKD 12.18 billion, driven by the launch of its AI Coding Agent product, which allows users with no coding experience to create websites and software [4] - China Construction Bank (00939) saw a net buy of HKD 4.05 billion, while China Bank (03988) faced a net sell of HKD 4.05 billion, indicating a divergence in bank stock performance [5] - Xiaomi Group-W (01810) experienced a net sell of HKD 7.64 billion, with expectations of narrowing losses in its automotive business by 2025 [7] - Alibaba-W (09988) and Tencent (00700) faced significant net sells of HKD 33.13 billion and HKD 20.63 billion respectively, attributed to lower-than-expected capital expenditures and cloud revenue growth [8] Group 3: Sector Insights - The banking sector is attracting insurance capital due to its high dividend value and the strategic significance of insurance channels for business expansion [5] - The biotechnology sector is facing a sell-off, with companies like Stone Pharmaceutical Group (01093) and Innovent Biologics (01801) experiencing net sells due to a recent wave of equity financing [6] - Bubble Mart (09992) received a net buy of HKD 60.66 million, supported by its strong IP recognition and successful new product launches [6]