Core Insights - On September 29, 2025, Alibaba-W (09988), Xiaomi Group-W (01810), and Tencent Holdings (00700) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 8.69 billion, 6.22 billion, and 4.06 billion respectively [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), Xiaomi Group-W (01810), and SMIC (00981) also ranked as the top three, with trading amounts of 5.21 billion, 3.69 billion, and 3.02 billion respectively [1] Southbound Stock Connect (Shanghai-Hong Kong) - The top three active companies by trading amount were: - Alibaba-W (09988): 8.69 billion with a net buy of 1.66 billion - Xiaomi Group-W (01810): 6.22 billion with a net buy of 0.42 billion - Tencent Holdings (00700): 4.06 billion with a net buy of 1.26 billion [2] - Other notable companies included: - Yingfu Fund (02800): 3.98 billion with a net sell of 3.98 billion - SMIC (00981): 3.68 billion with a net buy of 17.16 million [2] Southbound Stock Connect (Shenzhen-Hong Kong) - The top three active companies by trading amount were: - Alibaba-W (09988): 5.21 billion with a net buy of 1.90 billion - Xiaomi Group-W (01810): 3.69 billion with a net buy of 0.57 billion - SMIC (00981): 3.02 billion with a net buy of 0.36 billion [2] - Other notable companies included: - Tencent Holdings (00700): 2.45 billion with a net buy of 0.23 billion - Yingfu Fund (02800): 1.81 billion with a net sell of 1.80 billion [2]