Jin Rong Jie·2025-12-17 11:41Group 1 - Northbound capital recorded a net purchase of HKD 79.09 billion on December 17, with HK Stock Connect (Shanghai) net buying HKD 22.18 billion and HK Stock Connect (Shenzhen) net buying HKD 56.91 billion [1] - The most net bought stocks included Xiaomi Group-W (01810) with a net purchase of HKD 10.62 billion, Meituan-W (03690), and Southern Hang Seng Technology (03033) [1] - Xiaomi Group plans to invest HKD 200 billion in R&D over the next five years, aiming to become a global leader in hard technology [1] Group 2 - Meituan-W (03690) received a net purchase of HKD 7.5 billion, Alibaba-W (09988) HKD 5.43 billion, Tencent (00700) HKD 4.57 billion, and Kuaishou-W (01024) HKD 1.84 billion [2] - Southern Hang Seng Technology (03033) also saw a net purchase of HKD 7.45 billion, with a general market sentiment of caution among southbound funds, waiting for a more aggressive approach in the new year [2] - Longi Green Energy (06869) had a net purchase of HKD 4.13 billion, with plans to use approximately 80% of the net proceeds from a recent share placement for overseas business development [2] Group 3 - China Life (02628) recorded a net purchase of HKD 3.13 billion, with recent trends in long-term interest rates potentially improving the valuation outlook for listed insurance companies [3] - SMIC (00981) saw a net purchase of HKD 2.17 billion, with recent data showing it is closing the market share gap with Samsung in the semiconductor foundry sector [3] - Zijin Mining (02899) and Industrial and Commercial Bank of China (01398) received net purchases of HKD 3.57 billion and HKD 2.392 million, respectively, while China Mobile (00941) and CNOOC (00883) faced net sales of HKD 5.14 billion and HKD 1.32 billion [3]