Zhi Tong Cai Jing·2025-12-22 10:09Group 1 - Northbound trading recorded a net buy of HKD 31.25 billion, with a net sell of HKD 8.24 billion from the Shanghai Stock Connect and a net buy of HKD 39.49 billion from the Shenzhen Stock Connect [1] - The most net bought stocks included SMIC (00981), Xiaomi Group-W (01810), and Tencent (00700), while the most net sold stocks were China Mobile (00941) and Alibaba-W (09988) [1][5] Group 2 - SMIC (00981) received a net buy of HKD 7.3 billion, attributed to the entry of new shareholders in the IC substrate sector, indicating a strategic move by the National Integrated Circuit Industry Investment Fund [3] - Xiaomi Group-W (01810) saw a net buy of HKD 6.86 billion, with upcoming product launches and price adjustments due to rising memory costs [3] - Tencent (00700) had a net buy of HKD 5.97 billion, supported by positive forecasts for its advertising and gaming businesses driven by AI technology [4] Group 3 - Longi Green Energy (06869) received a net buy of HKD 4.25 billion, with strong demand reflected in rising fiber prices and robust export performance [4] - Industrial and Commercial Bank of China (01398) had a net buy of HKD 1.22 billion, with expectations of improved revenue and net profit growth in the banking sector [4]