智通财经网·2025-08-07 09:57Group 1: Market Overview - On August 7, the Hong Kong stock market saw a net inflow of 661 million HKD from Northbound trading, with a net sell of 3.363 billion HKD from the Shanghai Stock Connect and a net buy of 4.024 billion HKD from the Shenzhen Stock Connect [1] - The most bought stocks included Xiaomi Group-W (01810), SMIC (00981), and Alibaba Group-W (09988), while the most sold stock was the Tracker Fund of Hong Kong (02800) [1] Group 2: Stock Performance - Xiaomi Group-W had a net inflow of 3.990 billion HKD, with total trading volume of 6.212 billion HKD, resulting in a net inflow of 1.767 billion HKD [2] - Alibaba Group-W recorded a net inflow of 4.92 billion HKD, driven by the launch of a new membership system that integrates various services [5] - SMIC received a net buy of 4.99 billion HKD, with analysts noting limited impact from U.S. tariffs due to its small revenue share from the U.S. market [5] Group 3: Sector Developments - The semiconductor sector, represented by SMIC and Hua Hong Semiconductor, is expected to benefit from China's push for domestic semiconductor production amid U.S. tariffs [5] - The biopharmaceutical sector, including companies like Kangfang Biologics and CSPC Pharmaceutical Group, is anticipated to gain from new measures promoting commercial health insurance to support innovation in the industry [6] Group 4: Market Sentiment - The Tracker Fund of Hong Kong experienced a significant net sell of 47.19 billion HKD, reflecting a cautious market sentiment amid weak fundamentals and a divided funding environment [6] - Tencent Holdings saw a net buy of 4.26 billion HKD, indicating continued interest in major tech stocks despite overall market caution [7]