资金动向 | 北水扫货港股超70亿港元，爆买雅下水电概念！

Group 1 - Southbound funds net bought Hong Kong stocks worth 70.51 billion HKD on July 21, with notable net purchases in Dongfang Electric (10.85 billion HKD), China Energy Construction (8.73 billion HKD), and Tencent Holdings (7.54 billion HKD) [1] - Dongfang Electric, China Energy Construction, and Huaxin Cement are highlighted as "Yarlung Tsangpo River hydropower concept stocks" due to the commencement of the Yarlung Tsangpo River hydropower project, which involves an investment of 1.2 trillion CNY, equivalent to the construction of three Three Gorges projects [1] - Huaxin Cement expects to achieve a net profit attributable to shareholders of 1.096 billion to 1.132 billion CNY for the first half of 2025, representing a year-on-year increase of 50% to 55% [6] Group 2 - China Energy Construction is likely to be a major bidder for the Yarlung Tsangpo River hydropower project, with a market share exceeding 30% in hydropower construction [6] - Tencent Holdings' major shareholder Naspers reduced its stake by 37,100 shares at a price of 516.08 HKD per share, totaling approximately 191 million HKD, resulting in a new holding of about 2.108 billion shares [6] - Meituan was recently called for a meeting by the State Administration for Market Regulation, urging rational competition among platform enterprises [6]