Market Overview - On August 29, the Hang Seng Index rose by 0.32%, with southbound trading totaling HKD 180.90 billion, comprising HKD 96.47 billion in buying and HKD 84.43 billion in selling, resulting in a net buying amount of HKD 12.04 billion [1] Southbound Trading Details - Southbound trading through the Stock Connect (Shenzhen) recorded a total transaction amount of HKD 69.63 billion, with buying at HKD 40.17 billion and selling at HKD 29.47 billion, leading to a net buying of HKD 10.70 billion [1] - Southbound trading through the Stock Connect (Shanghai) had a total transaction amount of HKD 111.27 billion, with buying at HKD 56.30 billion and selling at HKD 54.96 billion, resulting in a net buying of HKD 1.34 billion [1] Active Stocks - The most actively traded stock by southbound funds was SMIC, with a total transaction amount of HKD 78.59 billion [1] - Other notable stocks included Guotai Junan International and Alibaba-W, with transaction amounts of HKD 72.51 billion and HKD 67.41 billion, respectively [1] - Tencent Holdings had a net buying amount of HKD 15.84 billion, closing up by 0.42%, while Alibaba-W saw a net buying of HKD 11.49 billion [1][2] Continuous Net Buying - Three stocks experienced continuous net buying for more than three days, with Alibaba-W leading at six consecutive days, followed by Huahong Semiconductor at four days and Kangfang Biotech at three days [2] - The total net buying amounts during this period were HKD 59.75 billion for Alibaba-W, HKD 11.06 billion for Kangfang Biotech, and HKD 9.49 billion for Huahong Semiconductor [2]

Group 1 - On August 29, 2025, Guotai Junan International (01788), SMIC (00981), and Alibaba-W (09988) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 5.39 billion, 5.11 billion, and 3.14 billion respectively [1] - In the Southbound Stock Connect for Shenzhen-Hong Kong, Alibaba-W (09988), SMIC (00981), and Tencent Holdings (00700) led the trading volume, with amounts of 3.60 billion, 2.75 billion, and 2.16 billion respectively [1] Group 2 - The top ten active companies in the Southbound Stock Connect (Shanghai-Hong Kong) included Guotai Junan International (01788) with a net buy of 0.18 billion, SMIC (00981) with a net sell of 0.46 billion, and Alibaba-W (09988) with a net buy of 0.25 billion [2] - In the Southbound Stock Connect (Shenzhen-Hong Kong), Alibaba-W (09988) had a net buy of 0.90 billion, SMIC (00981) had a net buy of 0.39 billion, and Tencent Holdings (00700) had a net buy of 0.96 billion [2]

智通财经APP获悉，8月29日港股市场，北水成交净买入120.46亿港元，其中港股通(沪)成交净买入13.42亿港元，港股通(深) 成交净买入107.04亿港元。 北水净买入最多的个股是腾讯(00700)、阿里巴巴-W(09988)、信达生物(01801)。北水净卖出最多的个股是小米集团- W(01810)、新华保险(01336)、中芯国际(00981)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 国泰君安 ... HK 01788 | 27.84亿 | 26.05亿 | 53.90亿 +1.79 亿 | | 中芯国际 | 23.28亿 | 27.85亿 | 51.13亿 | | HK 00981 | | | -4.56 Z | | 阿里巴巴-W | 16.92 7 | 14.47 乙 | 31.39 乙 | | HK 09988 | | | +2.45 Z | | 小米集团-W | 8.69亿 | 22.52亿 | 31.21亿 | | HK 01810 | | | -13.84 Z- | | 美团-W | 1 ...

Market Performance - The Hang Seng Index closed at 25077.62 points, up by 78.8 points, representing a gain of 0.32% [1][2] - The National Enterprises Index closed at 8947.79 points, increasing by 30.86 points, with a rise of 0.35% [1][2] - The Red Chip Index closed at 4273.06 points, down by 15.29 points, reflecting a decline of 0.36% [1][2] Capital Flow - Southbound funds recorded a net inflow of 12.046 billion Hong Kong dollars on the day [1] Stock Performance - Notable gainers included Guotai Junan International, which rose over 15%, BYD Electronics, which increased by over 7%, and WuXi AppTec, which gained over 6% [1] - Other significant gainers included Bilibili and Li Auto, both rising over 4% [1] - Major decliners included ZTE Corporation, which fell over 9%, and Hua Hong Semiconductor, which dropped nearly 6% [1]

Core Viewpoint - The article discusses the recent announcement by First Capital Securities to establish a wholly-owned subsidiary in Hong Kong, marking the third small and medium-sized brokerage firm to pursue international expansion in Hong Kong this year [1][3]. Group 1: Company Developments - First Capital Securities plans to set up a wholly-owned subsidiary named "First Capital International Financial Holdings Limited" in Hong Kong to engage in regulated activities such as securities trading and asset management [3]. - The company intends to invest no more than 500 million HKD to establish the Hong Kong subsidiary, with the board authorizing management to handle the establishment process [3]. - Other brokerage firms, such as Western Securities and Northeast Securities, have also announced plans to set up subsidiaries in Hong Kong this year, indicating a trend among smaller brokerages to expand their international presence [3][4]. Group 2: Market Environment - The Hong Kong stock market has seen a resurgence, with the Hang Seng Index rising by 20% in the first half of the year, leading to increased trading activity and investor interest [6][10]. - The number of IPOs in Hong Kong has increased significantly, with 42 IPOs raising over 107 billion HKD in the first half of the year, surpassing the total for the previous year by approximately 22% [6]. - The article notes that while some brokerages are expanding their operations in Hong Kong, others are cautious or scaling back their plans due to market conditions [7]. Group 3: Performance of Existing Subsidiaries - Several existing brokerage firms with subsidiaries in Hong Kong have reported strong financial performance, with notable increases in revenue and profit [9]. - For instance, Guotai Junan International achieved a record revenue of 2.825 billion HKD in the first half of the year, a 30% year-on-year increase, while CITIC Securities International reported a 53% increase in revenue to 1.49 billion USD [9]. - Other firms, such as Shenwan Hongyuan Hong Kong and Industrial Securities, also reported significant growth in their financial results, driven by increased brokerage and underwriting activities [9].

智通财经8月29日讯（记者 王晨）2025年上半年，国泰君安国际经营业绩实现历史性突破。营收达28.25 亿港元同比大幅增长30%，创下中期历史新高，市值半年内跃升200%，同时在数字资产领域再落关键 一子，正式推出加密货币交易服务，为香港数字金融生态建设注入新动能。 业务层面，三大核心收益来源全面增长，佣金及费用收益同比升51%、利息类收益同比升9%、交易及 投资净收益同比升52%，业务结构稳健。其中，经纪业务收益同比增长46%，配售、承销及分承销佣金 收益同比大增85%，债券承销规模与数量稳居行业榜首；财富管理领域多元深耕，"君弘全球通"APP持 续升级，跨境理财通2.0服务不断完善。 值得关注的是，在数字资产布局上，国泰君安国际继2025年6月获香港证监会批准升级第1类受规管活动 牌照后，于8月28日正式推出加密货币交易服务。该服务具备开户便捷、全天候交易、币种多元、资产 配置灵活、合规防护严格五大优势，进一步强化了公司在数字金融领域的竞争力。 值得关注的是，在数字资产领域，公司实现重大突破。继2024年获香港证监会许可开展虚拟资产相关产 品发售、发行与分销业务，并成为虚拟资产交易介绍代理人后，2025 ...

格隆汇8月29日｜国泰君安国际(1788.HK)盘初拉升涨超23%，报6.28港元。消息面上，公司昨晚公告， 国泰海通集团下属公司国泰君安国际控股有限公司宣布正式为香港投资者推出加密货币交易服务，旨在 满足香港投资者对加密货币市场日益成长的需求。公告称，客户成功开通加密货币账户后，可立即交易 包括比特币、以太币等不同的加密货币。 ...

Core Viewpoint - The article highlights the rebound of the liquor sector, particularly the significant rise in Jinhuijiu's stock price, indicating a positive trend in the industry [3]. Group 1: Liquor Sector Performance - Jinhuijiu's stock reached the daily limit, while other liquor companies such as Shede Liquor, Laobai Ganjiu, and others saw increases of around 5% [3]. - The overall performance of the liquor sector suggests a recovery, with multiple companies experiencing notable gains [3]. Group 2: Market Overview - The total trading volume in the Shanghai and Shenzhen markets exceeded 500 billion [6]. - The ChiNext 50 Index experienced a decline, with a drop of 3% [7]. - The A-share market opened with mixed results, with the insurance sector showing strong performance [9]. Group 3: Company-Specific News - Cambrian Technology opened down by 6.8%, with an announcement projecting annual revenue between 5 billion to 7 billion for 2025 [8].

每经AI快讯，国泰君安国际(01788.HK)高开近6%。 ...

消息面上，国泰君安国际8月28日公告，国泰海通集团下属公司国泰君安国际控股有限公司宣布正式为 香港投资者推出加密货币交易服务，旨在满足香港投资者对加密货币市场日益成长的需求。公告称，客 户成功开通加密货币账户后，可立即交易包括比特币、以太币等不同的加密货币。 （原标题：港股异动 | 国泰君安国际(01788)高开近6% 公司正式在香港地区推出加密货币交易服务） 智通财经APP获悉，国泰君安国际(01788)高开近6%，截至发稿，涨5.88%，报5.4港元，成交额4572.18 万港元。 此外，国泰君安国际近日发布中期业绩，上半年收入28.25亿港元，同比增长30%。普通股股东应占溢 利5.5亿港元，同比增加182%。每股基本盈利5.77港仙，同比增加183%。于2025年6月30日，该集团总 资产为1,220.1亿港元，较2024年年底下降6%，而集团总负债为1,064.6亿港元，较2024年年底下降8%。 权益总额为155.5亿港元，较2024年年底上升3%。 ...