Zhi Tong Cai Jing·2025-12-08 10:08Core Insights - The Hong Kong stock market saw a net inflow of 15.4 billion HKD from northbound trading on December 8, with the Shanghai-Hong Kong Stock Connect contributing 11.08 billion HKD and the Shenzhen-Hong Kong Stock Connect contributing 4.32 billion HKD [1] Group 1: Stock Performance - The most bought stocks included Xiaomi Group-W (01810), Semiconductor Manufacturing International Corporation (00981), and Pop Mart (09992) [1] - The most sold stocks were Tencent (00700), Hua Hong Semiconductor (01347), and Alibaba Group-W (09988) [1] Group 2: Detailed Stock Transactions - Xiaomi Group-W had a net inflow of 11.73 billion HKD, supported by a Goldman Sachs report predicting more AI developments in its ecosystem [4] - Semiconductor Manufacturing International Corporation received a net inflow of 4.66 billion HKD, while Hua Hong Semiconductor faced a net outflow of 2.08 billion HKD [4] - Pop Mart saw a net inflow of 4.32 billion HKD, with Citigroup highlighting the untapped value of its core IP Labubu [5] Group 3: Banking Sector Insights - Agricultural Bank (01288) experienced a net inflow of 2.91 billion HKD, while China Construction Bank (00939) faced a net outflow of 31.55 million HKD [5] - Analysts believe that the negative impact of asset risks on banks' financial indicators is diminishing, suggesting potential for valuation increases in the banking sector [5] Group 4: Technology Sector Trends - Meituan-W (03690) had a net inflow of 1.22 billion HKD, while Alibaba-W and Tencent faced net outflows of 1.03 billion HKD and 7.62 billion HKD, respectively [6] - The technology sector is experiencing a divergence, with expectations of a significant increase in the probability of a Federal Reserve rate cut in December [6]