Group 1: Market Overview - Northbound capital recorded a net purchase of HKD 25.89 billion in the Hong Kong stock market, with HK Stock Connect (Shanghai) net buying HKD 8.12 billion and HK Stock Connect (Shenzhen) net buying HKD 17.77 billion [1] - The most net bought stocks included Meituan-W (03690), SMIC (00981), and China Construction Bank (00939) [1] Group 2: Net Buying and Selling Details - Meituan-W (03690) received a net inflow of HKD 7.85 billion, with a focus on consolidating operations in key regions and expanding its flash purchase and supermarket services [6] - SMIC (00981) saw a net inflow of HKD 7.23 billion amid reports of potential changes in U.S. technology export policies affecting major chip manufacturers [6] - China Construction Bank (00939) had a net inflow of HKD 6.93 billion, supported by favorable dividend yields compared to A-shares [6] - Xinda Biopharmaceutical (01801) received a net inflow of HKD 5.99 billion due to its ADC product being included in breakthrough therapy designations [7] - Pop Mart (09992) had a net inflow of HKD 5.26 billion, attributed to improved supply chain capabilities and sales management [7] Group 3: Net Selling Highlights - Xiaomi Group-W (01810) faced a net outflow of HKD 15.51 billion, with analysts noting potential risks from macroeconomic conditions and slower EV demand growth [9] - Alibaba-W (09988) experienced a net outflow of HKD 7.51 billion, following its merger of Ele.me and Fliggy into its e-commerce division, which was seen as a move to enhance operational efficiency [8] - Tencent (00700) had a net outflow of HKD 9.44 billion, reflecting broader market trends [9] - Shandong Molong (00568) and CNOOC (00883) were sold off due to declining oil prices amid geopolitical developments [8]