Core Viewpoint - On October 20, China Life made its first appearance on the Hong Kong Stock Connect active trading list in nearly a month, with a trading volume of 10.41 billion HKD and a net buying amount of 1.37 billion HKD, closing up 2.44% [1] Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect on October 20 was 369.37 billion HKD, accounting for 33.62% of the day's total trading amount, with a net selling amount of 21.97 billion HKD [1] - Alibaba-W led the trading volume with 96.98 billion HKD, followed by SMIC and Tencent Holdings with trading amounts of 53.97 billion HKD and 44.91 billion HKD, respectively [1] Frequent Trading Stocks - The stocks that appeared most frequently on the active trading list over the past month were Alibaba-W and Huahong Semiconductor, each appearing 15 times, indicating strong interest from Hong Kong Stock Connect funds [1] - China Life's recent appearance marks its first in nearly a month, highlighting a potential shift in investor interest [1] Individual Stock Performance - Tencent Holdings had a trading amount of 44.91 billion HKD with a net buying amount of 0.97 billion HKD, closing up 3.21% [1] - SMIC recorded a trading amount of 53.97 billion HKD with a net selling amount of 3.25 billion HKD, closing up 3.91% [1] - Alibaba-W had a significant trading amount of 96.98 billion HKD but faced a net selling amount of 17.54 billion HKD, closing up 4.86% [1] - China Life's trading amount was 10.41 billion HKD with a net buying amount of 1.37 billion HKD, closing at 23.520 HKD, up 2.44% [1]

| 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（%） | | --- | --- | --- | --- | --- | --- | | 09988 | 阿里巴巴-W | 港股通(沪) | 578712.83 | -120489.75 | 4.86 | | 09988 | 阿里巴巴-W | 港股通(深) | 391085.00 | -54894.03 | 4.86 | | 00981 | 中芯国际 | 港股通(沪) | 323132.21 | -51384.43 | 3.91 | | 00700 | 腾讯控股 | 港股通(沪) | 293306.14 | -16171.79 | 3.21 | | 01810 | 小米集团-W | 港股通(沪) | 216834.31 | -39191.46 | 2.57 | | 00981 | 中芯国际 | 港股通(深) | 216571.00 | 18934.78 | 3.91 | | 01347 | 华虹半导体 | 港股通(沪) | 171075.45 | 10500.99 | 2.77 | | 00883 | 中国海洋石油 ...

Market Overview - On October 20, the Hang Seng Index rose by 2.42%, with southbound trading totaling HKD 109.87 billion, comprising HKD 53.60 billion in buy transactions and HKD 56.27 billion in sell transactions, resulting in a net sell of HKD 2.67 billion [1][2] Southbound Trading Activity - The southbound trading through Stock Connect (Shenzhen) recorded a total transaction amount of HKD 43.05 billion, with buy transactions at HKD 21.33 billion and sell transactions at HKD 21.72 billion, leading to a net sell of HKD 0.38 billion [1] - The southbound trading through Stock Connect (Shanghai) had a total transaction amount of HKD 66.81 billion, with buy transactions at HKD 32.26 billion and sell transactions at HKD 34.55 billion, resulting in a net sell of HKD 2.29 billion [1] Active Stocks - Alibaba-W had the highest transaction amount among southbound stocks, totaling HKD 96.98 billion, with a net sell of HKD 17.54 billion, while its stock price increased by 4.86% [1][2] - Other notable stocks included SMIC with a transaction amount of HKD 53.97 billion and Tencent Holdings with HKD 44.91 billion in transactions [1] - The top net buyers included Southern Hang Seng Technology with a net buy of HKD 3.75 billion, China National Offshore Oil Corporation with HKD 1.62 billion, and China Life with HKD 1.37 billion [1] Detailed Stock Performance - The following stocks were highlighted for their trading activity on October 20: - Southern Hang Seng Technology: Transaction amount of HKD 117.78 million, net buy of HKD 37.53 million, and a price increase of 3.19% [3] - China National Offshore Oil Corporation: Transaction amount of HKD 267.70 million, net buy of HKD 16.23 million, and a price increase of 2.31% [3] - Tencent Holdings: Transaction amount of HKD 449.07 million, net buy of HKD 9.67 million, and a price increase of 3.21% [3] - Alibaba-W: Transaction amount of HKD 969.80 million, net sell of HKD 175.38 million, and a price increase of 4.86% [3]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) announced the resignation of Mr. Zhou Xinhai from his positions as Executive Director, Vice Chairman, and CEO, effective October 20, 2025 [1] Company Summary - Mr. Zhou Xinhai will also cease to be a member of the Strategic and Sustainable Development Committee of the company from the same date [1]

10月20日港股市场，北水成交净卖出26.7港元，其中港股通(沪)成交净卖出22.86亿港元，港股通(深)成交净卖出3.84亿港 元。 北水净买入最多的个股是南方恒生科技(03033)、中海油(00883)、中国人寿（601628）(02628)。北水净卖出最多的个股是阿 里巴巴-W(09988)、小米集团-W(01810)、中芯国际(00981)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W | 22.91亿 | 34.96亿 | 57.87 亿 | | HK 09988 | | | -12.05 Z | | 中芯国际 | 13.59 亿 | 18.73亿 | 32.31亿 | | HK 00981 | | | -5.14 Z- | | 腾讯控股 | 13.86 乙 | 15.47 亿 | 29.33 乙 | | HK 00700 | | | -1.62 Z | | 小米集团-W | 8.88 亿 | 12.80 亿 | 21.68亿 | | HK 01810 | | | -3.92 Z- | | ...

恆指 (HSI) 信號總結 賣出信號 買入信號 中立信號 買入 7 6 8 더 简介汇 恆指(HSI)衍生品回顧 60% 58% 48% -2.56% -2.56% -2.56% 中銀熊證 磨退認法證 中銀熊證 58247 59159 18782 Simon：大家好，現在先和大家回顧一下港股的情況。今天（10月17日）的收市價是25247點左右。其實今天最大的問題就是下跌。我一直都說，下跌本身 並不可怕，但如果跌穿了一些關鍵的技術點位，情況就不太理想了。比如按今天的收市價計算，能看到恆指已經跌穿了保力加通道的底部，成交量也比昨天 稍微大了一些，而且RSI也已經到了一個比較低的水準。 所以整體來看，今天恆指這一波下跌，我相信會給不少投資者帶來較大的心理影響。這裏還想多提醒一句，可能有點馬後炮，或者說在事後複盤，但還是希 望大家記住，當遇到像今天這樣波動比較大的行情時，在選擇產品方面，儘量選擇收回價稍遠一些的產品。不管大家用什麼方法計算收回價，也不管哪種產 品適合自己的風險承受能力，都要記住一個原則：當面對波動較大的行情，比如今天這樣大幅下跌時，如果選擇的產品收回價比較近，雖然收回價近最大的 吸引力是槓桿率高，但 ...

证券代码：600938 证券简称：中国海油 公告编号：2025-030 1 周先生已确认其与董事会并无任何意见分歧，亦无任何与其辞任有关的事项须提 请本公司股东、香港联合交易所有限公司及上海证券交易所注意。 董事会藉此机会对周先生为本公司及海洋石油事业所作出的贡献表示衷心的感谢。 中国海洋石油有限公司董事会 2025 年 10 月 20 日 中国海洋石油有限公司 关于执行董事、副董事长及首席执行官 辞任的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国海洋石油有限公司（"本公司"）董事会谨此宣布，周心怀先生（"周先 生"）因任职变化辞任本公司执行董事、副董事长及首席执行官，自二零二五年十月 二十日生效。因此，周先生于同日起亦将不再担任本公司战略与可持续发展委员会成 员。 董事会于 2025 年 10 月 20 日以书面决议形式审议通过有关执行董事、副董事长及 首席执行官辞任的议案，表决结果为 8 票同意，0 票反对，0 票弃权，周先生未参与表 决。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 CNOOC Limited （中國海洋石油有限公司） （根據公司條例在香港註冊成立的有限責任公司） 股票代號：00883（港幣櫃台）及 80883（人民幣櫃台） 公告 非執行董事 - 1 - 附註： C 董事會下屬委員會主席 M 董事會下屬委員會成員 承董事會命 中國海洋石油有限公司 徐玉高 聯席公司秘書 香港，二零二五年十月二十日 於本公告刊發日期， 董事會由以下成員組成： 董事名單與其角色和職能 中國海洋石油有限公司董事會（「董事會」）成員及其各自於董事會及董事會下屬委 員會的角色及職能載列如下，自二零二五年十月二十日起生效： | 董事會下屬 | 審核委員會 | 提名委員會 | 薪酬委員會 | 戰略與可持續 | | --- | --- | --- | --- | --- | | 委員會 | | | | 發展委員會 | | 董事 | | | | | | 執行董事 | | | | | | 閻洪濤(總裁) ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) announced the resignation of Mr. Zhou Xinhui from his positions as Executive Director, Vice Chairman, and Chief Executive Officer due to changes in his role [1] Company Summary - Mr. Zhou Xinhui's resignation indicates a significant leadership change within CNOOC, which may impact the company's strategic direction and operational management [1]

Core Viewpoint - The Hong Kong stock market experienced significant net selling from Northbound capital, totaling HKD 26.7 billion, with notable net sell-offs in major stocks like Alibaba and Xiaomi [1][2]. Group 1: Northbound Capital Flow - Northbound capital recorded a net sell of HKD 22.86 billion through the Shanghai Stock Connect and HKD 3.84 billion through the Shenzhen Stock Connect [1]. - The stocks with the highest net buying from Northbound capital included Southern Hang Seng Technology (03033), CNOOC (00883), and China Life (02628) [1]. - The stocks with the highest net selling included Alibaba-W (09988), Xiaomi Group-W (01810), and SMIC (00981) [1]. Group 2: Individual Stock Performance - Alibaba-W (09988) saw a net sell of HKD 17.53 billion, with Fitch projecting strong business conditions and financial health, despite short-term profitability pressures due to intense competition [7]. - Xiaomi Group-W (01810) experienced a net sell of HKD 3.4 billion, reflecting broader market trends affecting tech stocks [7]. - CNOOC (00883) received a net buy of HKD 1.62 billion, supported by a Morgan Stanley report indicating a potential recovery in oil prices by 2027 [4]. - China Life (02628) had a net buy of HKD 1.37 billion, with a projected net profit increase of 50% to 70% year-on-year for the first three quarters [5]. - Tencent (00700) saw a net buy of HKD 966.7 million, driven by positive user growth in its gaming segment and improving ad revenue [5]. Group 3: Market Trends and Insights - The semiconductor sector faced increased selling pressure, with Huahong Semiconductor (01347) and SMIC (00981) experiencing net sells of HKD 329 million and HKD 3.24 billion, respectively, amid rising export controls from the U.S. [6][7]. - Southern Hang Seng Technology (03033) recorded a net buy of HKD 3.75 billion, indicating investor interest in tech despite broader market challenges [7].