Zhi Tong Cai Jing·2025-06-17 10:02Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, with a total net purchase of HKD 63.02 billion on June 17, 2023, indicating strong investor interest in certain stocks while others faced net sell-offs [1]. Group 1: Northbound Trading Activity - Northbound trading through Stock Connect saw a net purchase of HKD 35.8 billion from Shanghai and HKD 27.22 billion from Shenzhen [1]. - The most purchased stocks included China Construction Bank (00939), Alibaba-W (09988), and Pop Mart (09992) [1]. - The most sold stocks were Tencent (00700), CSPC Pharmaceutical Group (01093), and CNOOC (00883) [1]. Group 2: Individual Stock Performance - China Construction Bank (00939) received a net inflow of HKD 11.21 billion, supported by a report from Changjiang Securities highlighting the bank's dividend value and low valuation compared to H-shares [5]. - Alibaba-W (09988) and Meituan-W (03690) saw net purchases of HKD 5.99 billion and HKD 2.22 billion, respectively, while Tencent (00700) faced a net sell-off of HKD 7.13 billion [5]. - Pop Mart (09992) gained a net inflow of HKD 2.71 billion, with Citigroup noting the company's strong IP recognition and product development capabilities [6]. - Nanjing Panda Electronics (00553) received a net inflow of HKD 1.65 billion, linked to its involvement in brain-computer interface technology [6]. - ZhongAn Online (06060) saw a net inflow of HKD 1.3 billion, with developments in the digital asset space and its partnership with ZA Bank [7]. - Xiaomi Group-W (01810) had a net inflow of HKD 2.2 billion, while SMIC (00981) and CNOOC (00883) faced net sell-offs of HKD 59.9 million and HKD 80.88 million, respectively [8].