TENCENT(HK:00700) Shen Zhen Shang Bao·2025-08-17 22:42Group 1 - The core viewpoint is that southbound capital has accelerated its net buying of Hong Kong stocks, reaching a historical high of 938.92 billion HKD from January 1 to August 15, 2025, surpassing the total for the entire year of 2024 [1][2] - On August 15, despite a 0.98% drop in the Hang Seng Index, southbound capital recorded a net purchase of 35.88 billion HKD, setting a new single-day record [1] - The net buying pace of southbound capital increased significantly, with a total net inflow of 36.20 billion HKD from August 1 to August 14, and a record high of 35.88 billion HKD on August 15 alone [1] Group 2 - The top three net bought stocks by southbound capital in the past month were the Tracker Fund of Hong Kong, Alibaba, and Xiaomi, with net purchases ranging from 11.25 billion HKD to 2.96 billion HKD [2] - As of August 15, Tencent Holdings had the highest holding value among southbound capital at 582.50 billion HKD, followed by China Mobile and China Construction Bank with holdings of 268.36 billion HKD and 267.79 billion HKD, respectively [2] - The main reason for the accelerated inflow of southbound capital is the undervaluation of Hong Kong stocks, with many companies maintaining good growth despite significant price declines over the past six years [2]