Group 1: Market Overview - Northbound capital recorded a net purchase of HKD 22.79 billion on December 3, with HKD 5.48 billion from the Shanghai Stock Connect and HKD 17.32 billion from the Shenzhen Stock Connect [1] - The most purchased stocks included Xiaomi Group-W (01810), Alibaba-W (09988), and Meituan-W (03690) [1] - The most sold stocks were Tencent (00700), SMIC (00981), and Hua Hong Semiconductor (01347) [1] Group 2: Stock Performance - Alibaba-W (09988) saw a net inflow of HKD 4.27 billion, driven by the launch of its AI app, which achieved a monthly active growth rate of 149.03% [4] - Xiaomi Group-W (01810) received a net purchase of HKD 8.7 billion, with over 500,000 cars delivered since April 3, 2024, and a share buyback of HKD 1.02 billion for 2.5 million shares [3][5] - Meituan-W (03690) had a net inflow of HKD 2.97 billion, with expectations of reduced losses in its food delivery business and a significant share purchase by JPMorgan [5] Group 3: Notable Transactions - Dragon Power Technology (02465) received a net purchase of HKD 1.17 billion, signing a long-term procurement agreement for lithium iron phosphate materials worth approximately HKD 4.5-5.5 billion [5] - ZTE Corporation (00763) faced a net sell-off of HKD 59.73 million, with reports of a new AI phone prototype being developed [5][6] - Northbound capital continued to sell semiconductor stocks, with Hua Hong Semiconductor and SMIC experiencing net sell-offs of HKD 66.36 million and HKD 419 million, respectively [6]