5月30日恒生指数下跌1.20%，报收23289.77点，全天南向资金通过港股通渠道合计净买入96.47亿港 元。 深市港股通前十大成交活跃股中，成交额居首的是阿里巴巴-W，成交金额21.12亿港元；其次是小米集 团-W、石药集团，成交金额分别为18.77亿港元、13.44亿港元。以净买卖金额统计，有7只股为净买 入，净买入金额最多的是理想汽车-W，净买入4.01亿港元，该股收盘上涨3.79%。净卖出金额最多的是 盈富基金，净卖出8.86亿港元，收盘股价下跌1.17%。（数据宝） 证券时报·数据宝统计，5月30日港股通全天合计成交金额为948.53亿港元，成交净买入96.47亿港元。具 体来看，沪市港股通成交金额624.01亿港元，成交净买入81.67亿港元；深市港股通成交金额324.52亿港 元，成交净买入14.79亿港元。 成交活跃股方面，沪市港股通前十大成交活跃股中，阿里巴巴-W成交额为40.79亿港元，成交金额居 首；其次是腾讯控股、小米集团-W，成交金额分别为35.79亿港元、26.11亿港元。以净买卖金额统计， 美团-W净买入额为17.38亿港元，净买入金额居首，该股收盘股价下跌1.50%。净卖出 ...

深港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 21.12 亿元 | +1.15 亿元 | | 小米集团-W(01810) | 18.77 亿元 | +1.73 亿元 | | 石药集团(01093) | 13.44 亿元 | +3.70 亿元 | | 腾讯控股(00700) | 12.27 亿元 | -6024.10 万元 | | 众安在线(06060) | 10.23 亿元 | +5290.10 万元 | | 美团-W(03690) | 9.60 亿元 | +1.83 亿元 | | 理想汽车-W(02015) | 9.59 亿元 | +4.01 亿元 | | 盈富基金(02800) | 8.89 亿元 | -8.86 亿元 | | 中芯国际(00981) | 6.34 亿元 | -1.44 亿元 | | 泡泡玛特(09992) | 5.37 亿元 | +1.27 亿元 | 智通财经APP获悉，2025年5月30日当天，阿里巴巴-W(09988)、腾讯控股(00700)、小米集团-W(01810) 位居沪 ...

Group 1 - The stock of ZhongAn Online (06060.HK) has dropped over 10% [1] - The trading volume exceeded 1.6 billion HKD [1]

Core Insights - On May 29, ZhongAn Online made its first appearance on the Hong Kong Stock Connect active trading list in nearly a month, with a trading volume of 3.398 billion HKD and a net buy of 756 million HKD, resulting in a price increase of 31.56% [2]. Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect on May 29 was 33.241 billion HKD, accounting for 33.58% of the day's total trading amount, with a net buy of 295 million HKD [2]. - The top traded stock was Meituan-W, with a trading volume of 7.122 billion HKD, followed by Xiaomi Group-W at 4.697 billion HKD and Alibaba-W at 3.574 billion HKD [2]. - The most frequently listed stocks in the past month were Alibaba-W and Meituan-W, each appearing 19 times, indicating strong interest from Hong Kong Stock Connect investors [2]. Individual Stock Performance - ZhongAn Online's trading volume on the day was 3.398 billion HKD, with a net buy of 756 million HKD, marking its first appearance on the active list in a month [2]. - Other notable stocks included: - Xiaomi Group-W: Trading volume of 4.697 billion HKD, net sell of 530 million HKD, and a closing price of 51.700 HKD with a slight decrease of 0.10% [2]. - Meituan-W: Trading volume of 7.122 billion HKD, net buy of 1.044 billion HKD, closing at 140.100 HKD with an increase of 6.62% [2]. - Alibaba-W: Trading volume of 3.574 billion HKD, net sell of 337 million HKD, closing at 118.100 HKD with an increase of 2.07% [2].

Macro Dynamics - The Chinese Ministry of Commerce urges the U.S. to completely eliminate unilateral tariffs, emphasizing that trade wars have no winners and protectionism leads to negative outcomes [1] - The Chinese Ministry of Foreign Affairs firmly opposes the U.S. decision to unjustly cancel Chinese student visas, stating it harms the legitimate rights of Chinese students and disrupts normal cultural exchanges between the two countries [2] Market Data - On May 29, the A-share market saw the ChiNext Index rise by 1.37%, with significant gains in digital currency and EDA concepts, as well as autonomous driving and innovative drug sectors [7] - The total market turnover reached 1.2 trillion yuan, an increase from the previous day's 1 trillion yuan, with over 4,400 stocks rising [7] - As of May 28, the total margin balance in the two markets increased by 2.95 billion yuan, with the Shanghai Stock Exchange's margin balance at 909.99 billion yuan and the Shenzhen Stock Exchange's at 883.23 billion yuan [8] Company Dynamics - Tesla's CEO Elon Musk announced that the Model Y autonomous driving vehicle will be delivered to customers in June, with successful testing on public roads in Austin [10] - Ideal Auto reported a total revenue of 25.9 billion yuan for Q1 2025, a year-on-year increase of 1.1%, and a net profit of 647 million yuan, up 9.4% year-on-year, with total vehicle deliveries of 92,900 units, reflecting a 15.5% increase [12]

Group 1: Southbound Capital Flow - On May 29, southbound funds net bought Hong Kong stocks worth 4.382 billion HKD [1] - Notable net purchases included Meituan at 1.044 billion HKD, ZhongAn Online at 756 million HKD, and CSPC Pharmaceutical at 365 million HKD [1] - Continuous selling pressure was observed on Alibaba, with net sales totaling 5.021 billion HKD over 8 consecutive days [1] Group 2: Meituan Performance - Meituan's flash sale for liquor on May 29 reported over 18 times year-on-year growth in overall sales within the first 24 hours [3] - The first 12 hours of white liquor sales exceeded 300 million HKD, marking a year-on-year increase of over 70 times [3] - Sales of beer reached nearly 10 million bottles on the first day, with trendy alcoholic beverages seeing over triple-digit year-on-year growth [3] Group 3: ZhongAn Online Developments - Hong Kong's Legislative Council passed the Stablecoin Bill, allowing institutions to apply for compliance as stablecoin issuers by the end of the year [3] - ZhongAn Online holds a 43.43% stake in ZhongAn Bank, which is positioned to benefit from the stablecoin issuance services [3] - Guotai Junan Securities maintains a "Buy" rating for ZhongAn Online due to its deep involvement in virtual asset business [3] Group 4: Pop Mart Outlook - Jianyin International initiated coverage on Pop Mart with an "Outperform" rating and a target price of 256 HKD, implying a future P/E ratio of about 50 times [4] - The company is expected to achieve a compound annual growth rate of 38% in revenue and 44% in profit from 2025 to 2027 [4][5] - Pop Mart has opened over 35 stores and 20 unmanned stores this year, aiming to reach 100 overseas stores by year-end [5]

Core Viewpoint - Southbound capital saw a significant net inflow today, indicating renewed interest in the Hong Kong market, with the Hang Seng Index rebounding above 23,500 points, suggesting bullish sentiment from various investors beyond just southbound funds [1][2]. Group 1: Southbound Capital Flow - Today's southbound capital transaction amounted to approximately 99.01 billion HKD, accounting for about 43.64% of the total turnover of the Hang Seng Index, showing a recovery in share compared to the previous day but still below the long-term average [1]. - The net inflow of southbound capital was around 4.38 billion HKD, with the Shanghai-Hong Kong Stock Connect contributing approximately 4.19 billion HKD and the Shenzhen-Hong Kong Stock Connect contributing about 0.20 billion HKD [2][6]. Group 2: Individual Stock Performance - Major net purchases included Meituan-W (03690.HK) with 1.04 billion HKD, ZhongAn Online (06060.HK) with 0.76 billion HKD, and CSPC Pharmaceutical Group (01093.HK) with 0.37 billion HKD, indicating strong interest in these stocks [3][4]. - Significant net sales were observed in Semiconductor Manufacturing International Corporation (00981.HK) with 0.56 billion HKD, Xiaomi Group-W (01810.HK) with 0.53 billion HKD, and XPeng Inc. (09868.HK) with 0.48 billion HKD, reflecting a shift in investor sentiment away from these companies [3][4]. Group 3: Stock Price Movements - Meituan-W experienced a price increase of 6.62%, with short-term funds accelerating their inflow, having accumulated 3.12 million shares over the past five days [4]. - ZhongAn Online surged by 31.56%, indicating a strong influx of short-term capital, with 0.77 million shares added in the last five days [4]. - CSPC Pharmaceutical Group rose by 11.73%, with a predominant inflow of short-term funds, accumulating 1.62 million shares over the past five days [4]. - In contrast, Semiconductor Manufacturing International Corporation saw a slight increase of 1.47%, but short-term funds continued to flow out, reducing holdings by 1.11 million shares [4].

智通财经APP获悉，5月29日港股市场，北水成交净买入43.82亿港元，其中港股通(沪)成交净买入41.86 亿港元，港股通(深)成交净买入1.96亿港元。 北水净买入最多的个股是美团-W(03690)、众安在线(06060)、石药集团(01093)。北水净卖出最多的个股 是中芯国际(00981)、小米集团-W(01810)、小鹏汽车-W(09868)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 美团-W | 28.37 乙 | 19.94 Z | 48.31亿 | | HK 03690 | | | +8.42亿 | | 小米集团-W | 13.14 Z | 14.18 Z | 27.32亿 | | HK 01810 | | | -1.04 Z | | 众安在线 | 14.89亿 | 8.69 Z | 23.57亿 | | HK 08060 | | | +6.20 亿 | | 阿里巴巴-W | 10.76 Z | 11.95亿 | 22.71亿 | | HK 09988 | | | -1.19 亿 | | 中芯国 ...

Group 1 - Southbound funds recorded a net purchase of 4.382 billion yuan today [1] - In the Hong Kong Stock Connect (Shanghai), Meituan-W and ZhongAn Online received net purchases of 842 million HKD and 620 million HKD respectively [1] - SMIC had the highest net sell amount at 481 million HKD in the Hong Kong Stock Connect (Shanghai) [1] Group 2 - In the Hong Kong Stock Connect (Shenzhen), Tencent Holdings and Meituan-W received net purchases of 252 million HKD and 202 million HKD respectively [1] - Xiaomi Group-W had the highest net sell amount at 426 million HKD in the Hong Kong Stock Connect (Shenzhen) [1]

教育股也普遍上扬。其中，中教控股（00839.HK）涨8.7%，新东方-S（09901.HK）涨4.32%,思考乐教 育（01769.HK）涨2.56%,卓越教育集团（03978.HK）涨2.74%。 节假日概念股、体育用品、奢侈品股、香港零售股等消费股走高。美团-W（03690.HK）涨6.62%，消 息面，美团闪购618发布了酒品类首日战报，自5月28日启动以来的24小时内，酒类整体成交额相比增长 超18倍。同程旅行（00780.HK）涨4.34%，携程集团-S（09961.HK）涨3.51%，安踏体育（02020.HK） 涨4.18%，361度（01361.HK）涨3.49%。 稳定币概念板块午后爆发，其中，连连数字（02598.HK）飙升44.86%，众安在线（06060.HK）大涨 31.56%。消息面，美国副总统万斯5月28日表示，本届政府不认为稳定币会威胁美元的完整性。恰恰相 反，将其视为美国经济实力的倍增器。此外，近期香港立法会三读通过的《稳定币条例草案》。今年年 底前，合规的香港稳定币有望正式落地。 短视频概念、明星科网股等均表现活跃。快手-W（01024.HK）涨4.94%，京东集团-SW ...