刷新纪录！年内南向8200亿扫货，阿里美团最吸金

Group 1 - The core viewpoint of the article highlights the significant inflow of southbound capital into the Hong Kong stock market, with a net purchase of 201.84 billion HKD on July 25, and a total net purchase exceeding 820 billion HKD for the year, setting a new record for 2024 [1][2]. - Alibaba is the most favored stock by southbound capital, with a net purchase of 720 billion HKD this year, although it has seen a net sell-off of over 150 billion HKD in the past two months, reducing its year-to-date gain from 56% to 46% [1][2]. - Meituan has also attracted significant southbound capital, with a net purchase of 506 billion HKD, but its stock price has dropped by 14% due to the impact of a delivery subsidy war, with Goldman Sachs predicting a reduction of 25 billion RMB in EBIT over the next year [1][2]. Group 2 - China Construction Bank has seen a net purchase of 453 billion HKD this year, with its shareholding increasing by nearly 25% from the beginning of the year, and its stock price has risen approximately 37% [2]. - Other companies such as SMIC, China Mobile, China Merchants Bank, Tencent, and Bank of China have also received substantial net purchases exceeding 200 billion HKD this year [2]. - CICC forecasts that the total inflow of southbound capital will exceed 1 trillion HKD this year, with a relatively certain incremental inflow of about 200 to 300 billion HKD [2].