Core Insights - On October 9, 2025, Alibaba-W (09988), SMIC (00981), and Hua Hong Semiconductor (01347) were the top three stocks by trading volume in the Southbound Stock Connect, with trading amounts of 139.84 billion, 136.97 billion, and 65.26 billion respectively [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, SMIC (00981), Alibaba-W (09988), and Hua Hong Semiconductor (01347) also ranked as the top three, with trading amounts of 89.66 billion, 79.17 billion, and 30.65 billion respectively [1] Southbound Stock Connect (Hong Kong) - The top three active stocks by trading amount were: - Alibaba-W (09988): 139.84 billion, net buy of -7.51 billion - SMIC (00981): 136.97 billion, net buy of -3.48 billion - Hua Hong Semiconductor (01347): 65.26 billion, net buy of -6.34 billion [2] - Other notable companies included: - Jingtai Holdings (02228): 40.38 billion, net buy of +0.315 million - UBTECH (09880): 32.28 billion, net buy of +1.234 million [2] Southbound Stock Connect (Shenzhen) - The top three active stocks by trading amount were: - SMIC (00981): 89.66 billion, net buy of -20.49 billion - Alibaba-W (09988): 79.17 billion, net buy of +0.364 million - Hua Hong Semiconductor (01347): 30.65 billion, net buy of -5.07 billion [2] - Other notable companies included: - Tencent Holdings (00700): 28.14 billion, net buy of -3.85 billion - Xiaomi Group-W (01810): 20.22 billion, net buy of +0.349 million [2]