286.49亿港元，加仓阿里巴巴

Core Viewpoint - Southbound funds have continuously net bought Alibaba for 15 days, totaling HKD 28.649 billion, indicating strong investor interest in the company amidst a broader market decline [8][9]. Group 1: Market Performance - On December 3, Hong Kong's three major indices fell, with the Hang Seng Index closing at 25,760.73 points, down 1.28% [2]. - The total market turnover was HKD 164.4 billion, with southbound funds net buying HKD 2.279 billion [2][10]. - The best-performing sectors included materials, utilities, and energy, while the worst performers were consumer staples, real estate, and information technology [4]. Group 2: Stock Movements - Semiconductor stocks showed resilience, with notable gains from Huahong Semiconductor (+1.58%) and Hard Egg Innovation (+1.02%) [5]. - Xiaomi Group saw a net buy of HKD 870 million from southbound funds, while Tencent Holdings experienced a net sell of HKD 732 million [10]. Group 3: AI and GPU Market Insights - HSBC's investment management head highlighted that China's AI capital expenditure story is just beginning, with significant growth expected in domestic GPU and AI computing capabilities over the next 12 to 18 months [7]. - The domestic GPU replacement rate is projected to rise to over 50% in the coming years, potentially reaching 79%, which will drive the development of AI applications in China [7]. Group 4: Index Changes - FTSE Russell announced the inclusion of companies like CATL and China Hongqiao in the FTSE China 50 Index, effective December 22, while removing others [16].