Zheng Quan Shi Bao Wang·2025-12-03 15:16Core Viewpoint - The Hang Seng Index fell by 1.28% on December 3, with southbound capital transactions totaling HKD 661.32 billion, indicating a net inflow of HKD 22.79 billion [1][2] Group 1: Southbound Capital Transactions - Total southbound capital transactions amounted to HKD 661.32 billion, with buy transactions at HKD 342.05 billion and sell transactions at HKD 319.26 billion, resulting in a net buy of HKD 22.79 billion [1] - The Shenzhen Stock Connect saw a total transaction amount of HKD 270.82 billion, with net buying of HKD 17.32 billion, while the Shanghai Stock Connect had a total transaction amount of HKD 390.50 billion, with net buying of HKD 5.48 billion [1] Group 2: Active Stocks - Alibaba-W had the highest transaction amount among southbound stocks at HKD 56.45 billion, followed by Tencent Holdings at HKD 35.66 billion and Xiaomi Group-W at HKD 27.66 billion [1][2] - Xiaomi Group-W recorded a net buy of HKD 8.70 billion, while Alibaba-W had a net buy of HKD 4.27 billion, and Meituan-W had a net buy of HKD 2.98 billion [1][2] - Tencent Holdings experienced the largest net sell of HKD 7.33 billion, with a closing price drop of 0.97%, while SMIC and Kuaishou-W faced net sells of HKD 4.19 billion and HKD 1.85 billion, respectively [1][2] Group 3: Continuous Net Buying - Three stocks, Alibaba-W, Meituan-W, and Xiaomi Group-W, have seen continuous net buying for over three days, with Alibaba-W leading at a total net buy of HKD 286.49 billion [2] - Meituan-W and Xiaomi Group-W had net buys of HKD 22.80 billion and HKD 18.21 billion, respectively, during the same period [2]