Group 1 - The Nasdaq China Golden Dragon Index saw an initial increase of 2% [1] - Kingsoft Cloud (KC.O) experienced a nearly 10% rise [1] - Alibaba (BABA.N) rose by nearly 4% [1]

Group 1 - Chinese concept stocks showed mixed performance, with Alibaba rising over 3% and Kingsoft Cloud increasing nearly 7%, indicating optimistic growth prospects for its cloud services business [1][2] - Netflix's stock rose by 2% after the company raised its full-year revenue forecast [1][2] Group 2 - The Dow Jones Industrial Average increased by 53.82 points, or 0.12%, closing at 44,538.31 [3] - The Nasdaq Composite rose by 77.94 points, or 0.37%, reaching 20,963.59 [3] - The S&P 500 index gained 14.74 points, or 0.23%, ending at 6,312.10 [3] Group 3 - Chevron's stock rose by 3% in pre-market trading after successfully completing the acquisition of Hess, winning a competitive bid against ExxonMobil [8][13] - Hess's stock also saw a pre-market increase of over 7% following the arbitration victory against Exxon, which facilitated Chevron's acquisition [12][13]

Group 1 - The three major U.S. stock indices opened higher, with the Dow Jones up 0.16%, the S&P 500 up 0.27%, and the Nasdaq up 0.35% [1] - Popular Chinese concept stocks saw a broad increase, with Kingsoft Cloud rising over 8% and Alibaba increasing over 3% [1] - Chevron's stock rose by 2.5% following the completion of its acquisition of Hess Corporation [1]

Core Viewpoint - On July 18, the Hang Seng Index rose by 1.33%, with southbound funds recording a total transaction amount of HKD 129.46 billion, resulting in a net inflow of HKD 5.93 billion [1] Group 1: Southbound Fund Activity - The total transaction amount for southbound funds was HKD 129.46 billion, with buy transactions amounting to HKD 67.69 billion and sell transactions amounting to HKD 61.76 billion, leading to a net buy of HKD 5.93 billion [1] - The cumulative transaction amount for the Stock Connect (Shenzhen) was HKD 48.17 billion, with net buying of HKD 2.64 billion, while the Stock Connect (Shanghai) had a cumulative transaction amount of HKD 81.29 billion with net buying of HKD 3.29 billion [1] Group 2: Active Stocks - The most actively traded stock by southbound funds was Alibaba-W, with a total transaction amount of HKD 55.76 billion and a net buy of HKD 3.89 billion [1] - Semiconductor Manufacturing International Corporation (SMIC) had a net buy of HKD 4.93 billion, closing with a price increase of 1.73% [1] - Tencent Holdings experienced the highest net sell amount of HKD 3.62 billion, despite a closing price increase of 0.39% [1] Group 3: Continuous Net Buying and Selling - Meituan-W recorded continuous net buying for 10 days, with a total net buy amount of HKD 7.42 billion [2] - Tencent Holdings and Pop Mart were the stocks with the highest continuous net selling, with total net sell amounts of HKD 4.32 billion and HKD 1.04 billion, respectively [2]

Market Overview - The market is experiencing an upward trend without negative news, with Hong Kong stocks jumping 1.33% today [1] - Insurance companies are adjusting product pricing in response to market interest rates, leading to a decrease in liability costs and an increase in equity allocation [1] - Regulatory changes allow insurance companies more flexibility in asset allocation, boosting their profitability [1] Securities Sector - The approval of the U.S. Stablecoin Innovation Act is expected to catalyze the securities sector, with Tether's USDT market cap surpassing $160 billion [2] - The anticipated signing of an executive order by President Trump could allow significant investments in alternative assets, including stablecoins [3] AI and Technology - The upcoming World Artificial Intelligence Conference (WAIC) will showcase advancements in AI infrastructure, including Huawei's new AI computing technology [7] - The launch of the H20 chip for sale in China is expected to boost demand for AI applications, with companies like Tencent and ByteDance placing orders [4] Performance of Specific Companies - China Life and China Pacific Insurance saw stock increases of over 5% due to favorable market conditions [1] - Companies like JD Health and Ant Group are planning to apply for stablecoin licenses in Hong Kong, indicating a shift towards digital currency [2] - Goldwind Technology reported a 35.72% increase in revenue for Q1 2025, driven by strong order growth and international expansion [9] Industry Trends - The rare earth sector is experiencing significant profit growth, with companies like Huahong Technology and Northern Rare Earth projecting substantial increases in net profit [4] - The wind energy market is expected to see high growth, with Goldwind's international business expanding across six continents [10]

Group 1 - On July 18, 2025, Alibaba-W (09988), Guotai Junan International (01788), and Haotian International Investment (01341) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 32.15 billion, 29.95 billion, and 28.56 billion respectively [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), Tencent Holdings (00700), and Kingsoft Cloud (03896) were the top three companies by trading volume, with trading amounts of 23.60 billion, 14.31 billion, and 12.46 billion respectively [1] Group 2 - The top ten active companies in the Southbound Stock Connect (Shanghai-Hong Kong) included Alibaba-W (09988) with a trading amount of 32.15 billion and a net buy amount of -2.94 billion, Guotai Junan International (01788) with 29.95 billion and -2.20 billion, and Haotian International Investment (01341) with 28.56 billion and +0.8955 million [2] - In the Southbound Stock Connect (Shenzhen-Hong Kong), the top ten active companies included Alibaba-W (09988) with a trading amount of 23.60 billion and a net buy amount of +6.82 billion, Tencent Holdings (00700) with 14.31 billion and -2.47 billion, and Kingsoft Cloud (03896) with 12.46 billion and +2.34 billion [2]

Group 1 - The Hang Seng Index closed up by 1.33% [1] - The Hang Seng Tech Index increased by 1.65% [1] - The Hong Kong Tech ETF (159751) rose by 0.83% [1] - The Hang Seng Hong Kong Stock Connect ETF (159318) gained 0.67% [1] - Kingsoft Cloud surged over 8% [1]

Group 1 - The Hang Seng Index rose by 1.33% [1] - The Hang Seng Tech Index increased by 1.65% [1] - Lepu Biopharma surged over 24% [1] - Dongfang Zhenxuan climbed over 12% [1] - Kingsoft Cloud gained over 8% [1] - CATL (Contemporary Amperex Technology Co., Limited) rose over 5% [1]

Group 1 - Kingsoft Cloud's stock rose over 7% in pre-market trading [1] - Bilibili's stock increased by more than 3% in pre-market trading [1]

金山云美股盘前涨超7%，哔哩哔哩盘前涨超3%。 ...