Group 1 - ZTE Corporation (000063)(00763) saw its stock price rise over 8% in early trading, currently up 5.45% at HKD 37.12, with a trading volume of HKD 1.292 billion [1] - ZTE is set to release its semi-annual report for 2025 on August 28 [1] - There are market rumors that ByteDance is developing an AI phone called "Doubao Phone," which ByteDance has denied, stating there are no plans to launch its own phone products [1] Group 2 - Huachuang Securities indicated that ByteDance is indeed developing an AI phone, with ZTE potentially acting as an ODM manufacturer [1] - ZTE has accumulated substantial technical expertise in hardware design, research, and production, which positions it well for this potential collaboration [1] - The application of AI technologies, such as Doubao's large model, in mobile phones could significantly expand the boundaries of AI model applications, creating new opportunities for ZTE and its partners [1]

Core Viewpoint - ZTE Corporation (00763) experienced a significant stock price increase, rising over 8% in early trading and currently up 5.45% at HKD 37.12, with a trading volume of HKD 1.292 billion [1] Group 1: Company Developments - ZTE Corporation is set to release its semi-annual report for 2025 on August 28 [1] - There are market rumors regarding ByteDance developing an AI phone called "Doubao Phone," which ByteDance has denied, stating there are no plans to launch a proprietary phone product [1] Group 2: Industry Insights - Huachuang Securities indicated that ByteDance is indeed developing an AI phone, with ZTE potentially acting as an ODM manufacturer [1] - ZTE has accumulated substantial technical expertise in hardware design, research, and production, which positions it well for collaboration in AI technology applications within mobile devices [1] - The integration of ByteDance's AI capabilities into mobile technology could significantly expand the application boundaries of AI models, creating new opportunities for ZTE and its partners [1]

Core Viewpoint - The liquid cooling server concept stocks experienced a rebound after an initial dip, with several companies reaching significant gains, indicating a positive market sentiment towards this technology [1] Company Performance - Inveke reached a limit-up and set a new historical high [1] - Siquan New Materials saw an increase of over 10% [1] - Dayuan Pump Industry, Shenling Environment, ZTE Corporation, and Oulu Tong all rose by more than 5% [1] - Yimikang, Chunz中科技, and Keshida also experienced gains [1]

Group 1 - The liquid cooling concept is experiencing a rebound, with significant stock price increases observed in related companies [1] - In particular, Yingweike has reached the daily limit increase, while Dayuan Pump Industry has risen over 8% [1] - Other companies such as Shenling Environment, ZTE Corporation, and Oulu Tong have also seen stock price increases exceeding 5% [1]

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies [1][2]. Group 1: Companies with Increased Holdings - Jinli Permanent Magnet (06680) saw the largest increase in holdings, up by 4.65%, bringing its total to 27.95% [2]. - ZTE Corporation (00763) experienced a 1.42% increase, with a current holding of 57.44% [2]. - Lens Technology (06613) had a 1.31% increase, resulting in a holding of 12.88% [2]. - Other notable increases include Ganfeng Lithium (01772) and Shanghai Fudan (01385), both up by 1.31% and 1.14% respectively [2]. Group 2: Companies with Decreased Holdings - Longpan Technology (02465) faced the largest decrease, down by 2.70%, now holding 50.70% [2]. - Weimob Group (02013) saw a 2.38% reduction, with a current holding of 32.57% [2]. - Shandong Molong Petroleum Machinery (00568) decreased by 1.80%, now at 55.59% [2]. - Other companies with notable decreases include Vanke Enterprises (02202) and Changfei Optical Fiber (06869), down by 1.55% and 1.54% respectively [2]. Group 3: Five-Day Changes in Holdings - Over the last five trading days, ZTE Corporation (00763) had the highest increase of 8.14%, with a holding of 57.44% [3]. - Jinli Permanent Magnet (06680) increased by 6.89%, reaching 27.95% [3]. - Lens Technology (06613) rose by 6.20%, now at 12.88% [3]. - Other significant increases include Tongyuan Kang Pharmaceutical (02410) and Beijing Machinery (00187), up by 5.45% and 4.59% respectively [3]. Group 4: Twenty-Day Changes in Holdings - In the last twenty days, Meizhong Jiahe (02453) saw a substantial increase of 14.36%, with a holding of 37.32% [4]. - Changfei Optical Fiber (06869) increased by 13.19%, now at 54.88% [4]. - Yimai Sunshine (02522) rose by 12.20%, reaching 40.88% [4].

| 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的有關事件的日 相關法 | | --- | --- | --- | --- | --- | --- | --- | | | 版分野三 | | | | (語學與上述為語) | 有投票權股 期(日/月/ 權益 | | | | | | | | 份自分比 年) | | CS20250827E00085 | JPMorgan Chase & Co. | 1101(L) | 3.592.914(L) | HKD 34.0241 | 56.365.649(L) | 7.46(L)22/08/2025 | | | | | | | 27,772,321(S) | 3.67 (S) | | | | | | | 12,010,367(P) | 1.58(P) | | 股份代號: | 00763 | | --- | --- | | 上市法國名稱: | 中興通訊股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 28/07/2025 - 28/08/2025 | 格隆汇8月2 ...

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (00728) at 74.28%, Green Power Environmental (01330) at 70.04%, and China Shenhua (01088) at 67.99% [1][2] - Tencent Holdings (00700), Meituan-W (03690), and ZTE Corporation (00763) saw the largest increases in holding amounts over the last five trading days, with increases of +2.518 billion, +2.479 billion, and +1.356 billion respectively [1][2] - The largest decreases in holding amounts were observed in the Yingfu Fund (02800) at -3.126 billion, Xpeng Motors-W (09868) at -1.132 billion, and Xiaomi Group-W (01810) at -1.122 billion [1][4] Holding Ratios - The latest holding ratios for the top 20 companies in Hong Kong Stock Connect show significant ownership, with China Telecom leading at 74.28% and Green Power Environmental following closely at 70.04% [2] - Other notable companies include Kaisa New Energy (01108) at 67.72% and Tianjin Chuangye Environmental (01065) at 64.39% [2] Recent Trading Activity - In the last five trading days, Tencent Holdings (00700) increased its holding by +2.518 billion, with a change of +4.2031 million shares [2] - Meituan-W (03690) also saw a significant increase of +2.479 billion, with a change of +21.3184 million shares [2] - Conversely, the Yingfu Fund (02800) experienced the largest decrease in holding amount at -3.126 billion, with a change of -12.16491 million shares [4]

格隆汇8月28日丨根据联交所最新权益披露资料显示，2025年8月22日，中兴通讯(00763.HK)获JPMorgan Chase & Co.以每股均价34.0241港元增持好仓359.29 万股，涉资约1.22亿港元。 | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的有關事件的日 相關法 | | --- | --- | --- | --- | --- | --- | --- | | | 版分野三 | | | | (語學與上述為語) | 有投票權股 期(日/月/ 權益 | | | | | | | | 份自分比 年) | | CS20250827E00085 | JPMorgan Chase & Co. | 1101(L) | 3.592.914(L) | HKD 34.0241 | 56.365.649(L) | 7.46(L)22/08/2025 | | | | | | | 27,772,321(S) | 3.67 (S) | | | | | | | 12,010,367(P) | 1.58(P) | 增持后 ...

Key Points - The top three companies with net inflows of southbound funds are Alibaba-W (09988) with 581 million, Kangfang Biotech (09926) with 541 million, and Hong Kong Stock Exchange (00388) with 434 million [1] - The top three companies with net outflows of southbound funds are Yingfu Fund (02800) with -2.396 billion, Xiaomi Group-W (01810) with -1.524 billion, and SMIC (00981) with -845 million [1] - In terms of net inflow ratios, the top three companies are Quan Feng Holdings (02285) at 51.60%, Sen Song International (02155) at 49.91%, and GX China (03040) at 43.94% [1] - The top three companies with the highest net outflow ratios are Yihai International (01579) at -51.63%, Zhou Hei Ya (01458) at -49.54%, and Kangji Medical (09997) at -46.09% [1] Net Inflow Rankings - Alibaba-W (09988) had a net inflow of 581 million, representing a 2.88% increase in closing price to 124.500 [2] - Kangfang Biotech (09926) saw a net inflow of 541 million, with a closing price of 169.500, down 4.18% [2] - Hong Kong Stock Exchange (00388) experienced a net inflow of 434 million, closing at 462.800, up 3.30% [2] - Kuaishou-W (01024) had a net inflow of 428 million, closing at 78.750, up 5.14% [2] - Horizon Robotics-W (09660) recorded a net inflow of 401 million, closing at 7.760, up 1.31% [2] Net Outflow Rankings - Yingfu Fund (02800) had the largest net outflow of -2.396 billion, with a closing price of 26.360, up 2.01% [2] - Xiaomi Group-W (01810) experienced a net outflow of -1.524 billion, closing at 53.500, up 1.81% [2] - SMIC (00981) saw a net outflow of -845 million, with a closing price of 57.800, up 1.58% [2] - CNOOC (00883) had a net outflow of -708 million, closing at 18.830, up 0.53% [2] - Pop Mart (09992) recorded a net outflow of -418 million, closing at 326.600, up 1.94% [2] Net Inflow Ratio Rankings - Quan Feng Holdings (02285) had a net inflow ratio of 51.60%, with a net inflow of 24.33 million, closing at 24.300, up 5.29% [3] - Sen Song International (02155) recorded a net inflow ratio of 49.91%, with a net inflow of 54.68 million, closing at 10.900, up 1.68% [3] - GX China (03040) had a net inflow ratio of 43.94%, with a net inflow of 1.29 million, closing at 37.820, up 2.55% [3] Net Outflow Ratio Rankings - Yihai International (01579) had a net outflow ratio of -51.63%, with a net outflow of -69.47 million, closing at 14.780, up 4.23% [3] - Zhou Hei Ya (01458) recorded a net outflow ratio of -49.54%, with a net outflow of -20.12 million, closing at 2.570, up 2.80% [3] - Kangji Medical (09997) had a net outflow ratio of -46.09%, with a net outflow of -30.83 million, closing at 8.680, up 0.35% [3]

Group 1 - JPMorgan increased its stake in ZTE Corporation (000063)(00763) by acquiring 3,592,914 shares at a price of HKD 34.0241 per share, totaling approximately HKD 122 million [1] - Following the acquisition, JPMorgan's total shareholding in ZTE Corporation reached approximately 56,365,600 shares, representing a stake of 7.46% [1]