Core Insights - The article highlights the net inflow and outflow of funds for various companies in the Hong Kong stock market, indicating significant movements in investor sentiment and market dynamics [1][2][3] Net Inflow Summary - Meituan-W (03690) leads with a net inflow of 653 million, representing a 12.11% increase in its closing price to 100.600 [2] - Semiconductor Manufacturing International Corporation (00981) follows with a net inflow of 590 million, with an 8.04% increase in its closing price to 80.000 [2] - China National Offshore Oil Corporation (00883) has a net inflow of 570 million, showing a 0.50% increase in its closing price to 20.020 [2] - Other notable inflows include Tencent Holdings (00700) with 374 million and a 0.71% increase, and Horizon Robotics-W (09660) with 349 million and a 6.35% increase [2] Net Outflow Summary - CSPC Pharmaceutical Group (01093) experiences the highest net outflow of 650 million, with a 3.90% decrease in its closing price to 7.890 [2] - Pop Mart International (09992) follows with a net outflow of 642 million, down 0.86% to 230.400 [2] - UBTECH Robotics (09880) sees a net outflow of 295 million, with a 6.81% increase in its closing price to 142.700 [2] - Other significant outflows include BYD Electronic (00285) with 249 million and a 1.97% increase, and Jingtai Holdings (02228) with 184 million and a 2.98% increase [2] Net Inflow Ratio Summary - China Merchants Port (00144) leads with a net inflow ratio of 69.84%, closing at 15.210 with a 0.40% increase [3] - Greentown Service (02869) follows with a 64.68% net inflow ratio, closing at 4.680 with a 1.30% increase [3] - Tong Ren Tang Technologies (03613) has a net inflow ratio of 63.56%, closing at 8.710 with a 0.80% decrease [3] Net Outflow Ratio Summary - E Fund Hang Seng ESG (03039) shows a net outflow ratio of -100.00%, closing at 3.902 with a 0.88% increase [3] - 康诺亚-B (02162) has a net outflow ratio of -58.25%, closing at 59.100 with a 2.80% decrease [3] - SF Express (06936) follows with a -56.29% net outflow ratio, closing at 36.860 with a 0.54% decrease [3]

Core Viewpoint - The article highlights the increase in public fund holdings for various companies, indicating a positive sentiment and potential investment opportunities in these stocks [1] Group 1: Company Performance - Zhongji Xuchuang (300308) has seen a public fund increase in market value of 40.174 billion [1] - Xinyi Technology (300502) has a public fund increase of 36.93 billion [1] - Industrial Fulian (601138) has a public fund increase of 34.12 billion [1] - Alibaba Group (09988.HK) has a public fund increase of 29.238 billion [1] - CATL (300750) has a public fund increase of 23.852 billion [1] - Cambricon Technologies (688256) has a public fund increase of 17.443 billion [1] - Luxshare Precision (002475) has a public fund increase of 16.13 billion [1] - SMIC (00981.HK) has a public fund increase of 12.824 billion [1] - EVE Energy (300014) has a public fund increase of 11.415 billion [1] - Huadian Power (002463) has a public fund increase of 11.166 billion [1]

Core Insights - The article presents the total market value of various funds held by different companies, highlighting the significant positions of leading firms in the market [1] Company Summaries - Contemporary Amperex Technology Co., Ltd. (宁德时代) has a total market value of 758.81 billion yuan [1] - Tencent Holdings Ltd. (腾讯控股) holds a market value of 699.38 billion yuan [1] - Neway Technology Co., Ltd. (新易盛) has a market value of 560.7 billion yuan [1] - Zhongji Xuchuang (中际旭创) reports a market value of 558.13 billion yuan [1] - Alibaba Group Holding Ltd. (阿里巴巴-W) has a market value of 500.97 billion yuan [1] - Luxshare Precision Industry Co., Ltd. (立讯精密) holds a market value of 370.44 billion yuan [1] - Industrial Fulian (工业富联) has a market value of 363.43 billion yuan [1] - Zijin Mining Group Co., Ltd. (紫金矿业) reports a market value of 340.18 billion yuan [1] - Semiconductor Manufacturing International Corporation (中芯国际) has a market value of 290.86 billion yuan [1] - Kweichow Moutai Co., Ltd. (贵州茅台) holds a market value of 283.72 billion yuan [1]

Market Overview - On October 28, the Hang Seng Index fell by 0.33%, closing at 26,346.14 points, while southbound funds through the Stock Connect recorded a net purchase of HKD 2.258 billion [1][3] - The total trading volume for the Stock Connect on the same day was HKD 104.644 billion, with a net purchase of HKD 2.258 billion [1][3] Stock Performance - In the Shanghai Stock Connect, the total trading volume was HKD 65.545 billion, with a net purchase of HKD 1.812 billion; in the Shenzhen Stock Connect, the trading volume was HKD 39.098 billion, with a net purchase of HKD 0.446 billion [1][3] - The most actively traded stock in the Shanghai Stock Connect was SMIC, with a trading volume of HKD 50.17 billion, followed by Alibaba-W and Xiaomi Group-W, with trading volumes of HKD 45.84 billion and HKD 26.01 billion, respectively [1][2] - In terms of net buying, China Mobile led with a net purchase of HKD 0.513 billion, while Alibaba-W had the highest net selling at HKD 0.405 billion, closing down by 1.50% [1][2] Detailed Stock Data - The top ten actively traded stocks in the Shenzhen Stock Connect included SMIC with a trading volume of HKD 37.90 billion, followed by Alibaba-W and Xiaomi Group-W with HKD 30.78 billion and HKD 18.37 billion, respectively [2] - The stock with the highest net purchase was Huahong Semiconductor, with a net purchase of HKD 0.252 billion, while the stock with the highest net selling was Li Auto-W, with a net selling of HKD 0.292 billion [2]

Core Viewpoint - SMIC has experienced a continuous net buying trend from southbound funds for six consecutive days, with a total net buying amount of HKD 30.18 billion and a stock price increase of 11.56% [2] Group 1: Trading Activity - On October 28, the total trading volume of active stocks through the Hong Kong Stock Connect reached HKD 378.05 billion, with a net buying amount of HKD 3.92 billion [2] - Among the active stocks on October 28, SMIC recorded a trading amount of HKD 88.06 billion through the Hong Kong Stock Connect, with a net buying amount of HKD 0.77 billion [2] Group 2: Stock Performance - SMIC's stock price has risen by 11.56% during the period of continuous net buying [2] - The cumulative net buying amount for SMIC over the six-day period reached HKD 30.18 billion [2]

Market Overview - On October 28, the Hang Seng Index fell by 0.33% with a total southbound trading volume of HKD 1,046.44 billion, comprising HKD 534.51 billion in buy transactions and HKD 511.93 billion in sell transactions, resulting in a net buy of HKD 22.58 billion [1] Southbound Trading Activity - The southbound trading through Stock Connect (Shenzhen) recorded a total trading volume of HKD 390.98 billion, with buy transactions at HKD 197.72 billion and sell transactions at HKD 193.26 billion, leading to a net buy of HKD 4.46 billion [1] - The southbound trading through Stock Connect (Shanghai) had a total trading volume of HKD 655.45 billion, with buy transactions at HKD 336.79 billion and sell transactions at HKD 318.67 billion, resulting in a net buy of HKD 18.12 billion [1] Active Stocks - The most actively traded stock by southbound funds was SMIC, with a total trading volume of HKD 88.06 billion, followed by Alibaba-W at HKD 76.62 billion and Xiaomi Group-W at HKD 44.38 billion [1] - In terms of net buying, China Mobile led with a net buy of HKD 5.13 billion, closing up by 0.41%, followed by Huahong Semiconductor with a net buy of HKD 3.96 billion and Pop Mart with HKD 3.23 billion [1] - The stock with the highest net sell was Alibaba-W, with a net sell of HKD 5.23 billion, closing down by 1.50%, followed by Tencent Holdings and Li Auto-W with net sells of HKD 3.56 billion and HKD 2.92 billion respectively [1] Continuous Net Buying - Two stocks, SMIC and Huahong Semiconductor, experienced continuous net buying for more than three days, with SMIC having a net buy of HKD 30.18 billion over six days and Huahong Semiconductor with HKD 14.52 billion over three days [2]

Core Insights - On October 28, 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 transaction amounts of 50.17 billion, 45.84 billion, and 26.01 billion respectively [1] - The same companies also led in the Shenzhen-Hong Kong Stock Connect, with transaction amounts of 37.90 billion, 30.78 billion, and 18.37 billion respectively [1] Southbound Stock Connect (Shanghai-Hong Kong) - Top active companies by trading volume included: - SMIC (00981): 50.17 billion with a net buy of -1.66 billion - Alibaba-W (09988): 45.84 billion with a net buy of -4.05 billion - Xiaomi Group-W (01810): 26.01 billion with a net buy of +2.50 billion - Hua Hong Semiconductor (01347): 22.77 billion with a net buy of +1.44 billion - Tencent Holdings (00700): 19.55 billion with a net buy of -2.24 billion - Other notable companies included Sanhua Intelligent Control (02050), Pop Mart (09992), ZTE Corporation (00763), UBTECH Robotics (09880), and China Mobile (00941) [2] Southbound Stock Connect (Shenzhen-Hong Kong) - Top active companies by trading volume included: - SMIC (00981): 37.90 billion with a net buy of +2.43 billion - Alibaba-W (09988): 30.78 billion with a net buy of -1.17 billion - Xiaomi Group-W (01810): 18.37 billion with a net buy of -2.14 billion - Hua Hong Semiconductor (01347): 14.60 billion with a net buy of +2.52 billion - ZTE Corporation (00763): 11.30 billion with a net buy of +1.66 billion - Other notable companies included Tencent Holdings (00700), Pop Mart (09992), Sanhua Intelligent Control (02050), Meituan-W (03690), and Li Auto-W (02015) [2]

Group 1 - Southbound funds net bought Hong Kong stocks worth 2.258 billion HKD today [1] - The top net purchases included China Mobile at 512 million HKD, Hua Hong Semiconductor at 396 million HKD, Pop Mart at 322 million HKD, Meituan-W at 166 million HKD, and Sanhua Intelligent Control at 114 million HKD [1] - The top net sales included Alibaba-W at 522 million HKD, Tencent Holdings at 356 million HKD, and Li Auto-W at 292 million HKD [1] Group 2 - Southbound funds have net bought SMIC for six consecutive days, totaling 3.01773 billion HKD [1]

Core Viewpoint - Semiconductor Manufacturing International Corporation (SMIC) has shown strong stock performance recently, with a 3.5% increase on the latest trading day, reaching a price of 82.7 HKD, indicating a critical technical position for the stock [3]. Technical Analysis - The stock price has surpassed all major moving averages, with MA10 at 74.73 HKD, MA30 at 75.24 HKD, and MA60 at 65.05 HKD, forming a bullish arrangement [3]. - Multiple oscillators are signaling sell indications, particularly the MACD and Bollinger Bands, which suggest caution for investors [3]. - The RSI is at 57, indicating a neutral range, while the Williams %R shows overbought conditions, hinting at potential short-term pullback pressure [3]. Support and Resistance Levels - Key resistance is at 86.5 HKD; a breakthrough could lead to a target of 95.5 HKD. Support levels are at 72.6 HKD and 64.5 HKD [3]. - The stock has experienced a volatility of 12.3% over the past five days, suggesting significant price fluctuations may occur around these critical levels [3]. Derivative Products Performance - Recent performance of structured products has been notable, with the BNP Paribas call option (19088) surging 27% in two days, and the UBS bull certificate (63595) rising 63%, while the underlying stock only increased by 6.88% [3]. - Popular call options include those from Bank of China (21283) and UBS (17146), both with a strike price around 95.05 HKD, offering approximately 3.3 times leverage [5]. Bear and Bull Certificates - UBS bull certificate (63595) and HSBC bull certificate (61585) have a redemption price set at 68 HKD, providing nearly 6 times actual leverage, suitable for high-risk tolerance investors [7]. - For bearish investors, UBS bear certificate (63598) and Societe Generale bear certificate (62695) have a redemption price at 95 HKD, aligning with the second resistance level [7]. Market Sentiment - Despite the recent price increase, some investors are beginning to adopt a slightly bearish outlook, which aligns with the technical signals indicating a predominance of sell signals [10]. - The stock's resistance level at 86 HKD is crucial for determining whether the upward trend can continue or if a correction is imminent [11].

Group 1 - The Hang Seng Index rose by 1.05% on October 27, driven by significant breakthroughs in China's technology industry, with southbound funds net buying HK stocks worth HKD 2.873 billion on the same day [1] - The top net bought stocks included SMIC and Hua Hong Semiconductor, with net purchases of HKD 1.143 billion and HKD 0.986 billion, respectively, ranking first and third among the top ten stocks [1] - The launch of the first information technology ETF in the Hong Kong market, tracking the CSI Hong Kong Stock Connect Information Technology Composite Index, is expected to attract significant market attention due to its focus on leading stocks like SMIC and Hua Hong Semiconductor [1] Group 2 - The 20th Central Committee's Fourth Plenary Session emphasized "high-quality development" and "enhancing independent innovation capabilities," positioning these as primary goals in the latest 14th Five-Year Plan [2] - The 2025 Bay Area Semiconductor Industry Ecosystem Expo showcased nearly 2,000 new products from leading Chinese hard technology companies, indicating significant progress in domestic chip technology and core technology sectors [2] Group 3 - The CSI Hong Kong Stock Connect Information Technology Composite Index, which the new ETF tracks, consists of 41 hard technology companies, with a composition of 70% hardware and 30% software, focusing on semiconductors, electronics, and computer software [3] - The index excludes larger internet companies, enhancing its focus on capturing the AI hard technology market trends [3] - As of September 30, 2025, the index's top-weighted stocks include SMIC (19.41%), Xiaomi Group (10.28%), and Hua Hong Semiconductor (5.11%), with the top five stocks accounting for 51% of the index [5]