Ge Long Hui·2025-09-23 11:42Group 1 - Southbound funds recorded a net sell of HKD 40.69 million in Hong Kong stocks on September 23, with notable net purchases in Alibaba-W (HKD 1.673 billion), SMIC (HKD 502 million), and others, while significant net sells were seen in the Tracker Fund (HKD 3.271 billion) and Tencent Holdings (HKD 222 million) [1] - Southbound funds have continuously net bought Alibaba for 23 days, totaling HKD 62.11489 billion [2] Group 2 - Alibaba's Qwen team is set to release six new items, including one product, two open-source models, and three API interfaces, while its Gaode platform announced a waiver of the annual fee for all restaurant merchants for one year, along with various support services [3] - Goldman Sachs raised the 12-month target price for SMIC's H-shares from HKD 73.1 to HKD 83.5, citing a clearer long-term demand outlook for AI chips in China, benefiting leading domestic foundries [3] - Dazhong Public recently reported a significant increase in net profit to HKD 333 million, up 172.62% year-on-year, and a net cash flow from operating activities of HKD 761 million, up 160.29% year-on-year [4] - Tencent repurchased 867,000 shares for approximately HKD 550 million and completed the issuance of a total of HKD 9 billion in notes under its global medium-term note program [4]