Ge Long Hui·2025-06-23 12:21Group 1 - Southbound funds net bought Hong Kong stocks worth 78.95 billion HKD on June 23, with notable net purchases in Meituan-W (15.15 billion HKD), China Construction Bank (8.43 billion HKD), and SMIC (6.78 billion HKD) [1] - Southbound funds have continuously net sold Tencent for 17 days, totaling 187.3059 billion HKD, and have net sold Alibaba for 4 days, totaling 19.986 billion HKD [3] Group 2 - Meituan announced a comprehensive expansion into instant retail, aiming to enhance product and service quality, which led to a 2.18% increase in its stock price, closing at 131.40 HKD [4] - SMIC faces potential changes in U.S. policy regarding technology exemptions for operations in China, as U.S. officials indicated plans to cancel existing exemptions for major semiconductor companies [4] - China National Offshore Oil Corporation (CNOOC) is expected to benefit from rising oil prices due to geopolitical tensions, with Brent crude oil futures potentially breaking 80 USD per barrel [4] Group 3 - Xiaomi is set to launch its first SUV, the Xiaomi YU7, along with other products including the Xiaomi Flip2 foldable phone and Xiaomi Pad 7S Pro on June 26 [5] - Alibaba's CEO announced the integration of Ele.me and Fliggy into Alibaba's China e-commerce business group, indicating a strategic focus on enhancing resources in the instant retail sector [5]