智通财经网·2025-10-14 11:03Core Insights - On October 14, 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 131.44 billion, 80.15 billion, and 43.40 billion respectively [1][2] - In the southbound trading of the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), SMIC (00981), and Tencent Holdings (00700) also ranked as the top three, with trading amounts of 78.81 billion, 49.66 billion, and 30.65 billion respectively [1][2] Southbound Trading Highlights - The top three active companies in the southbound trading of the Shanghai-Hong Kong Stock Connect were: - Alibaba-W (09988): 131.44 billion with a net buy of -7.36 billion - SMIC (00981): 80.15 billion with a net buy of -3.24 billion - Tencent Holdings (00700): 43.40 billion with a net buy of +1.61 billion [2] - The top three active companies in the southbound trading of the Shenzhen-Hong Kong Stock Connect were: - Alibaba-W (09988): 78.81 billion with a net buy of -596.46 million - SMIC (00981): 49.66 billion with a net buy of -6.33 billion - Tencent Holdings (00700): 30.65 billion with a net buy of +5.01 billion [2]