
Core Insights - On September 5, 2025, Alibaba-W (09988), SMIC (00981), and Tencent Holdings (00700) were the top three companies by trading volume in the southbound trading of the Stock Connect, with trading amounts of 4.764 billion, 4.537 billion, and 2.649 billion respectively [1] - In the Shenzhen-Hong Kong Stock Connect, SMIC (00981), Alibaba-W (09988), and Meituan-W (03690) led the trading volume, with amounts of 4.003 billion, 3.268 billion, and 2.349 billion respectively [1] Southbound Trading Highlights - Top Active Companies in Shanghai-Hong Kong Stock Connect: - Alibaba-W (09988): Trading amount of 4.764 billion, net inflow of 0.797 billion [2] - SMIC (00981): Trading amount of 4.537 billion, net inflow of 96.829 million [2] - Tencent Holdings (00700): Trading amount of 2.649 billion, net inflow of 20.713 million [2] - Top Active Companies in Shenzhen-Hong Kong Stock Connect: - SMIC (00981): Trading amount of 4.003 billion, net inflow of 0.293 billion [2] - Alibaba-W (09988): Trading amount of 3.268 billion, net inflow of 1.347 billion [2] - Meituan-W (03690): Trading amount of 2.349 billion, net inflow of 1.854 billion [2]