Core Insights - On January 19, 2026, Alibaba-W (09988), Tencent Holdings (00700), and Xiaomi Group-W (01810) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 5.283 billion, 2.192 billion, and 2.095 billion respectively [1] - The same companies also led in trading volume in the Shenzhen-Hong Kong Stock Connect, with trading amounts of 2.627 billion, 1.955 billion, and 1.639 billion respectively [1] Southbound Stock Connect Trading Activity - Top active companies in the Southbound Stock Connect included: - Alibaba-W (09988) with a trading amount of 5.283 billion and a net buying amount of +33.85 million [2] - Tencent Holdings (00700) with a trading amount of 2.192 billion and a net buying amount of +331 million [2] - Xiaomi Group-W (01810) with a trading amount of 2.095 billion and a net buying amount of +490 million [2] - SMIC (00981) with a trading amount of 1.841 billion and a net buying amount of +521 million [2] - China Mobile (00941) with a trading amount of 1.558 billion and a net selling amount of -243 million [2] Shenzhen-Hong Kong Stock Connect Trading Activity - Top active companies in the Shenzhen-Hong Kong Stock Connect included: - Alibaba-W (09988) with a trading amount of 2.627 billion and a net buying amount of +231 million [2] - Tencent Holdings (00700) with a trading amount of 1.955 billion and a net selling amount of -57.42 million [2] - Xiaomi Group-W (01810) with a trading amount of 1.639 billion and a net selling amount of -323 million [2] - SMIC (00981) with a trading amount of 1.424 billion and a net selling amount of -59.52 million [2]