Core Insights - Kingsoft Cloud made its debut on the Hong Kong Stock Connect active trading list on July 15, marking its first appearance in the past month [1] - The total trading volume of active stocks on the Hong Kong Stock Connect reached HKD 485.32 billion, accounting for 32.19% of the day's total trading amount, with a net sell amount of HKD 4.08 billion [1] Trading Activity Summary - Alibaba-W had the highest trading volume at HKD 115.93 billion, followed by Tencent Holdings at HKD 65.87 billion and Meituan-W at HKD 63.15 billion [1] - The most frequently listed stocks in the past month were Alibaba-W and Tencent Holdings, each appearing 21 times, indicating strong interest from Hong Kong Stock Connect investors [1] - Kingsoft Cloud recorded a trading volume of HKD 41.33 billion on its first appearance, with a net buying amount of HKD 0.15 billion and a closing price increase of 16.81% [1] Active Stocks List - The active stocks on July 15 included: - Tencent Holdings: Trading amount HKD 65.87 billion, net sell HKD 8.31 billion, closing price HKD 517.500, daily change +3.50% [1] - Xiaomi Group W: Trading amount HKD 42.78 billion, net sell HKD 5.25 billion, closing price HKD 57.650, daily change +0.61% [1] - Alibaba W: Trading amount HKD 115.93 billion, net sell HKD 0.03 billion, closing price HKD 113.500, daily change +6.97% [1] - Meituan-W: Trading amount HKD 63.15 billion, net buy HKD 6.47 billion, closing price HKD 126.200, daily change +4.38% [1] - Kingsoft Cloud: Trading amount HKD 41.33 billion, net buy HKD 0.15 billion, closing price HKD 7.920, daily change +16.81% [1]

Group 1 - The Hang Seng Index rose by 1.60% on July 15, with southbound funds totaling a transaction amount of 150.755 billion HKD, including 77.289 billion HKD in buy transactions and 73.466 billion HKD in sell transactions, resulting in a net buy of 3.824 billion HKD [1] - The southbound trading through Stock Connect (Shenzhen) had a cumulative transaction amount of 54.072 billion HKD, with net buying of 2.234 billion HKD, while Stock Connect (Shanghai) had a cumulative transaction amount of 96.683 billion HKD, with net buying of 1.590 billion HKD [1] - Alibaba-W had the highest transaction amount among southbound funds at 11.593 billion HKD, followed by Tencent Holdings and Meituan-W with transaction amounts of 6.587 billion HKD and 6.315 billion HKD respectively [1] Group 2 - Meituan-W recorded a net buy of 647 million HKD, with a closing price increase of 4.38%, while Tencent Holdings faced the highest net sell of 831 million HKD, despite a closing price increase of 3.50% [1][2] - Among the stocks with continuous net buying, Meituan-W had the highest net buy amount of 5.752 billion HKD over 7 days, followed by Giant Star Legend with a net buy of 528 million HKD over 5 days [2] - The stocks with the highest net sell amounts included Tencent Holdings and Xiaomi Group-W, with total net sells of 1.820 billion HKD and 1.708 billion HKD respectively [2]

Core Insights - On July 15, 2025, Alibaba-W (09988), Meituan-W (03690), and Tencent Holdings (00700) were the top three companies by trading volume in the southbound trading of the Stock Connect, with trading amounts of 75.09 billion, 38.52 billion, and 37.38 billion respectively [1] - In the southbound trading of the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), Tencent Holdings (00700), and Meituan-W (03690) also ranked as the top three, with trading amounts of 40.83 billion, 28.49 billion, and 24.63 billion respectively [1] Southbound Trading Activity - The top active companies in the southbound trading of the Shanghai-Hong Kong Stock Connect included: - Alibaba-W (09988) with a trading amount of 75.09 billion and a net buy of -4.77 billion - Meituan-W (03690) with a trading amount of 38.52 billion and a net buy of +843.695 million - Tencent Holdings (00700) with a trading amount of 37.38 billion and a net buy of +1.31 billion [2] - The top active companies in the southbound trading of the Shenzhen-Hong Kong Stock Connect included: - Alibaba-W (09988) with a trading amount of 40.83 billion and a net buy of +4.75 billion - Tencent Holdings (00700) with a trading amount of 28.49 billion and a net buy of -9.62 billion - Meituan-W (03690) with a trading amount of 24.63 billion and a net buy of +5.62 billion [2]

（文章来源：证券时报网） 昊天国际建投、国联民生、老铺黄金、博安生物为近一个月首次上榜，昊天国际建投当日港股通成交额 为16.21亿港元，成交净买入1.06亿港元，该股当日收盘下跌32.78%。国联民生当日港股通成交额为 16.87亿港元，成交净买入0.23亿港元，该股当日收盘上涨10.90%。老铺黄金当日港股通成交额为10.15 亿港元，成交净卖出3.65亿港元，该股当日收盘下跌2.67%。博安生物当日港股通成交额为13.84亿港 元，成交净买入0.51亿港元，该股当日收盘上涨22.31%。 7月14日港股通成交活跃股榜单 | 证券 | 证券简称 | 成交金额（亿 | 净买入金额（亿 | 近一个月上榜 | 最新收盘价 | 日涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | 代码 | | 港元） | 港元） | 次数 | （港元） | （%） | | 00700 | 腾讯控股 | 15.26 | -0.84 | 20 | 500.000 | 0.68 | | 01810 | 小米集团 W | 26.75 | -0.66 | 20 | 57.300 | -0 ...

Core Insights - On July 14, 2025, Guotai Junan International (01788), Legend Holdings (06683), and Alibaba-W (09988) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 39.23 billion, 19.38 billion, and 18.37 billion respectively [1] - In the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), Guotai Junan International (01788), and Tencent Holdings (00700) led the trading volume, with amounts of 18.33 billion, 15.70 billion, and 15.26 billion respectively [1] Southbound Stock Connect Top Active Companies - Guotai Junan International (01788) had a trading amount of 39.23 billion with a net buying amount of +18.74 million [2] - Legend Holdings (06683) recorded a trading amount of 19.38 billion with a net buying amount of +53.64 million [2] - Alibaba-W (09988) achieved a trading amount of 18.37 billion with a net buying amount of +223 million [2] - Health Road (02587) had a trading amount of 17.86 billion with a net selling amount of -66.69 million [2] - Other notable companies included Guolian Minsheng (01456) with 16.87 billion and a net buying amount of +23.39 million, and Meituan-W (03690) with 16.20 billion and a net buying amount of +783 million [2] Shenzhen-Hong Kong Stock Connect Top Active Companies - Alibaba-W (09988) led with a trading amount of 18.33 billion and a net buying amount of +636 million [2] - Guotai Junan International (01788) followed with a trading amount of 15.70 billion and a net buying amount of +72.43 million [2] - Tencent Holdings (00700) had a trading amount of 15.26 billion but recorded a net selling amount of -842.80 million [2] - Other significant companies included Xiaomi Group-W (01810) with 12.92 billion and a net selling amount of -1.01 billion, and Meituan-W (03690) with 12.69 billion and a net buying amount of +440 million [2]

Group 1 - The core announcement from Giant Star Legend (06683) regarding its subscription to the "Starlight New Economy Industry Fund No. 2" highlights the strategic positioning of its investment manager, MaiCapital Limited, which is linked to its parent company, Guofu Quantum (00290) [1] - Guofu Quantum has recently gained attention due to the Hong Kong "Stablecoin Regulation," leading to a market capitalization exceeding HKD 13 billion, as it builds a digital asset management ecosystem [1] Group 2 - MaiCapital operates under the Hong Kong Securities and Futures Commission's licenses for asset management and securities advisory, having been integrated into Guofu Quantum's structure through strategic acquisitions [4] - Guofu Quantum's involvement with the stablecoin issuer RD InnoTech positions it as one of the three participants in the sandbox for stablecoin issuance, which has become a valuable asset following the establishment of the licensing regime [4] Group 3 - The compliance framework of Guofu Quantum is evident in its investment strategies, including a recent acquisition of a stake in the Swiss digital asset bank AMINA Bank for HKD 12.48 million and the purchase of Bitcoin worth HKD 36 million [5] - The company is also investing in projects that digitize real-world assets, such as G-Rocket and RTree Finance, expanding its reach into sectors like real estate and art [5] Group 4 - The subscription to the fund by Giant Star Legend serves as a lens to observe the evolution of digital finance in Hong Kong, with Guofu Quantum linking stablecoin issuance, digital banking services, and industrial capital [6] - The recent successful testing of stablecoin technology by RD InnoTech in the sandbox indicates a shift towards practical operations in the digital asset ecosystem, with Guofu Quantum positioned as a key player in this transition [6]

Core Insights - Jay Chou's entry into Douyin marks a significant strategic move for the platform, aiming to enhance its content ecosystem and commercial capabilities [12][27] - The collaboration is expected to strengthen Douyin's position in the competitive short video market, especially against rivals like Kuaishou and Xiaohongshu [15][26] Group 1: Douyin's Strategic Move - Jay Chou's Douyin account "周同学" gained 1 million followers within 2 hours, setting a record for celebrity account launches on the platform [2][11] - Douyin's user engagement is substantial, with over 1 billion monthly active users as of March 2025, averaging more than 1.5 hours of video consumption daily [2][12] - The partnership with Jay Chou is seen as a strategic response to Kuaishou's previous exclusive deal with him, which is set to expire in 2025 [12][27] Group 2: Impact on Related Companies - The stock price of Giant Legend (06683.HK), a company closely associated with Jay Chou, surged over 200% following the announcement of his Douyin account, with a single-day transaction volume reaching 35.4 billion HKD [8][20] - A-share companies like Zhihong Home (603801.SH) and Fengshang Culture (300860.SZ) also experienced significant stock price increases, reflecting the market's positive sentiment towards Jay Chou's influence [8][20] - Jay Chou's commercial empire spans various sectors, including music, fashion e-commerce, and digital entertainment, which could provide Douyin with new revenue streams [16][18] Group 3: Content and E-commerce Strategy - Douyin aims to enhance its content ecosystem by potentially opening up Jay Chou's 200 songs for user-generated content, fostering a collaborative environment for music creation [13][20] - The platform is also looking to innovate in e-commerce, leveraging Jay Chou's brand to boost sales and user engagement, especially in high-frequency consumption scenarios like food and beverage [22][26] - Douyin's strategy includes integrating Jay Chou's digital persona into its offerings, which may involve collaborations in live streaming and local services [20][23] Group 4: Long-term Vision - Douyin's acquisition of PICO and its focus on VR social experiences align with its broader strategy to capture the next generation of interactive content [23][27] - The partnership with Jay Chou could serve as a model for future collaborations, enhancing Douyin's competitive edge in the evolving digital landscape [27][28]

Core Viewpoint - The article discusses the significant impact of Jay Chou's entry into Douyin on the stock market, particularly focusing on the stock performance of the company "Giant Star Legend" which is closely associated with him [7][11][13]. Group 1: Stock Market Impact - On July 9, 2023, Jay Chou's announcement of joining Douyin led to a dramatic increase in the stock price of Giant Star Legend, which saw a peak increase of over 160% during the trading day, closing at 12.440 HKD per share, a rise of 94.38% [11][14]. - The market capitalization of Giant Star Legend increased by approximately 5 billion HKD due to this surge [11]. - The influence of Jay Chou's Douyin account extended beyond Giant Star Legend, positively affecting the stock prices of several A-share companies, including Zhihong Home and Fengshang Culture, which also experienced significant gains [16][18]. Group 2: Company Overview - Giant Star Legend, listed on July 13, 2023, is primarily engaged in IP operation and new retail, with a significant portion of its revenue historically linked to Jay Chou [13][24]. - In 2019, nearly 90% of Giant Star Legend's revenue was related to Jay Chou, which has since decreased to around 60% as the company expanded its partnerships with other celebrities [24]. - The company has a long-term IP authorization agreement with Jay Chou, ensuring continued collaboration for at least 10 years [24]. Group 3: Product Development and Revenue - Giant Star Legend launched "Modong Coffee" in 2019, which became a leading product in the bulletproof beverage market, generating 333 million CNY in revenue within its first year [25][28]. - The company reported a 35.75% year-on-year increase in annual revenue, reaching 584 million CNY, with a net profit of 56.05 million CNY, marking a 62.40% increase [28]. - Plans for 2024 include the introduction of new product lines related to the "Zhou Tongxue" IP, as well as expanding retail presence through themed stores and pop-up shops [30][31][32].

Core Insights - On July 11, 2025, Zhongzhou Securities (01375), Guotai Junan International (01788), and Juxing Legend (06683) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 85.75 billion, 83.76 billion, and 51.63 billion respectively [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, Guotai Junan International (01788), Zhongzhou Securities (01375), and Alibaba-W (09988) led the trading volume, with amounts of 31.31 billion, 31.15 billion, and 22.84 billion respectively [1] Southbound Stock Connect (Shanghai-Hong Kong) - Top active trading companies included: - Zhongzhou Securities (01375): 85.75 billion, net buy of +2.29 billion - Guotai Junan International (01788): 83.76 billion, net sell of -131.407 million - Juxing Legend (06683): 51.63 billion, net sell of -127.556 million - Alibaba-W (09988): 37.09 billion, net sell of -9.13 billion - Meituan-W (03690): 23.18 billion, net buy of +4.02 billion [2] Southbound Stock Connect (Shenzhen-Hong Kong) - Top active trading companies included: - Guotai Junan International (01788): 31.31 billion, net buy of +1.84 billion - Zhongzhou Securities (01375): 31.15 billion, net sell of -45.3737 million - Alibaba-W (09988): 22.84 billion, net buy of +7.30 billion - Tencent Holdings (00700): 18.63 billion, net sell of -66.2962 million - Juxing Legend (06683): 15.78 billion, net buy of +1.48114 million [2]

Core Viewpoint - Jay Chou's recent activities, including his entry into Douyin, have significantly impacted the market, particularly boosting the stock price of his associated company, Superstar Legend [2][5][6]. Group 1: Jay Chou's Social Media Impact - Jay Chou joined Douyin on July 9, 2023, and gained 50,000 followers within 15 minutes, reaching over 13 million followers by July 11 [2]. - His first short video on Douyin was released on July 11, leading to a rapid increase in the stock price of Superstar Legend, which saw a 21.71% rise on the same day [2][6]. - Superstar Legend's stock experienced a total increase of 203.68% from July 7 to July 11, 2023 [6]. Group 2: Superstar Legend's Business Performance - Superstar Legend reported a total revenue of 584 million yuan for the fiscal year 2024, a growth of approximately 35.8% compared to the previous year [7]. - The company's IP creation and operation business generated 314 million yuan in revenue, a 65.1% increase from 190 million yuan in the previous fiscal year [8]. - The new retail business segment recorded revenue of approximately 270 million yuan, growing by 12.5% year-on-year, driven by the popularity of its flagship product, Magic Coffee [7]. Group 3: Multi-Platform Strategy - Superstar Legend is maintaining a multi-platform strategy by operating on both Douyin and Kuaishou, aiming to maximize exposure and fan engagement [4][9]. - The company has successfully created two major celebrity IPs, "Zhou Tongxue" and "Liu Jiaolian," which are crucial for its business growth [7][8]. - The integration of AI technology in its new retail operations is part of the company's strategy to enhance performance and efficiency [7]. Group 4: Future Growth and Diversification - Superstar Legend is actively working on building a diversified IP matrix to reduce reliance on specific celebrity IPs, with plans to introduce new IPs [9][10]. - The company aims to explore new business models beyond new retail to ensure long-term growth and stability [10]. - The establishment of a robust IP incubation and operation mechanism is intended to enhance the company's resilience and growth potential [9][10].