每经AI快讯，8月11日，截至发稿，南向资金净卖出超20亿港元。 ...

Wind数据显示，截至8月8日，南向资金持股数量达5320.77亿股，持仓市值超过5.6万亿港元。行业方 面，南向资金对金融、信息技术、可选消费行业持仓市值居前，分别为14326.87亿港元、11124.43亿港 元、7334.03亿港元。此外，南向资金对医疗保健行业持仓市值超5300亿港元，对通讯服务行业持仓市 值超5100亿港元。个股方面，南向资金持仓腾讯控股超过5600亿港元，持仓建设银行、中国移动、小米 集团-W、工商银行均超2000亿港元，持仓阿里巴巴-W、中国海洋石油、汇丰控股、中芯国际、美团- W、中国银行均超1100亿港元。 今年以来，南向资金持续加仓港股市场，是港股市场今年以来最大的增量资金来源。 Wind数据显示，截至8月8日，今年以来南向资金累计净流入9008亿港元，创年度净流入额历史新高， 为历史上首次突破9000亿港元。在今年以来的143个交易日中，南向资金出现净流入的交易日有121个。 近一个月，南向资金加仓金融、信息技术、医疗保健行业金额居前，净买入金额分别为522.43亿港元、 233.32亿港元、219.32亿港元。个股方面，近一个月南向资金加仓阿里巴巴-W、美团-W、建设银 ...

智通财经APP获悉，中金发布研究报告称，受益于港股近半年多的强势表现和南向资金的持续涌入， AH溢价大幅回落，个别公司甚至出现了A股较港股大幅折价的"罕见"情形。近期，AH溢价从4月初高点 144%快速回落至7月底的123%，创2020年以来新低，当前仍处于125%的低位。这一背景下，如何分析 AH溢价的定价逻辑？未来的合理中枢在什么位置？能否作为择时的可靠指标，换言之现在该选A股还 是港股？ 中金主要观点如下： AH溢价从何而来?投资者结构与市场机制差异所致，根本原因是存在套利壁垒 AH溢价是两地投资者结构与市场机制差异所导致的必然结果。同股同权的一家公司在不同市场的分子 端(盈利基本面)一致，价差主要源于分母端(定价逻辑)的分化。港股市场中海外投资者占比较高，因此 会要求额外的风险补偿，加上不同投资者对同一公司合理定价存在不同的看法，也属正常。 此外，两地市场机制的差异，也会进一步强化AH价差的存在：1)流动性：A股市场散户持股占比达到 54%，成交活跃度显著高于港股，截至2025年6月30日，港股年化换手率仅105%，是A股373%的不到三 分之一;2)再融资制度：港股"闪电配售"机制灵活，提前授权情况 ...

Macro Economy - Foreign investment projects in China are progressing steadily, with the National Development and Reform Commission planning to introduce a new batch of major foreign investment projects and a revised "Encouraging Foreign Investment Industry Catalog" to attract more foreign capital [3] - As of the end of July, the total number of registered local companies in Hong Kong exceeded 1.5 million, and over 15,000 non-Hong Kong companies were registered, both reaching historical highs [3] - Investment in Xiong'an New Area increased by 13.5% year-on-year in the first half of the year, with over 300 central enterprise branches established [3] - The total box office for the summer movie season in 2025 has surpassed 8.5 billion yuan as of August 10 [3] Investment News - Hong Kong Investment Management Company has invested in over 100 projects, with more than 10 companies preparing to apply for listing in Hong Kong [4] - Southbound capital inflow has reached 900.8 billion HKD this year, marking a significant milestone and highlighting the importance of mainland funds in the Hong Kong stock market [4] - Public funds are experiencing a resurgence in self-purchase activities, with several institutions announcing plans to buy their own equity funds [5] - The issuance of new technology innovation bonds has reached 880.66 billion yuan in three months, with financial institutions accounting for 36% of the issuance [5] - A total of 40 restricted shares will be unlocked this week, with a total market value of 232.775 billion yuan [5] Company Movements - Changan Automobile's chairman visited Huawei's CEO to discuss industry competition and received targeted advice on supporting Changan and its Avita brand [6] - Huawei is set to release breakthrough technology in AI reasoning on August 12, which may reduce reliance on high-bandwidth memory technology [6] - Industrial Fulian reported a revenue of 360.76 billion yuan in the first half of the year, a year-on-year increase of 35.58%, with a net profit of 12.11 billion yuan, up 38.61% [6] - Yanjing Beer achieved a revenue of 8.558 billion yuan in the first half of the year, with a net profit of 1.103 billion yuan, reflecting a year-on-year growth of 6.37% and 45.45% respectively [7] - Wantong Development plans to invest 854 million yuan to acquire a 62.98% stake in Shudu Technology, injecting quality chip design business assets [8]

Group 1 - The net inflow of southbound funds reached 21.751 billion HKD during the week of August 4 to August 10, representing a 63.15% decrease compared to the previous week [1] - Cumulatively, the net inflow for the year has surpassed 900 billion HKD, marking the first time it has exceeded this threshold [1] - According to a report by Bank of China International, southbound funds from the mainland have become a significant source of incremental capital for the Hong Kong stock market, particularly favoring Chinese concept stocks with a Chinese background and aligned with new economic directions [1] Group 2 - The Hong Kong stock market is perceived as a more accommodating capital haven compared to the US stock market, especially regarding regulatory pressures on Chinese concept stocks related to information disclosure and audit compliance [1] - This perception has led to a certain valuation premium expectation for stocks listed in Hong Kong [1] - Major technology stocks have seen increased net purchases from southbound funds, with Alibaba-W receiving the highest net inflow of 3.339 billion HKD, marking four consecutive weeks of increased holdings [1] Group 3 - The latest holding amount for Alibaba-W is 1.579 billion shares, accounting for 8.26% of the total shares in the Hong Kong stock market [1] - Other companies such as Tencent Holdings, Xiaomi Group-W, and SMIC also experienced net inflows exceeding 1 billion HKD [1]

Summary of Key Points Core Viewpoint - On August 8, the southbound capital recorded a total transaction amount of 123.57 billion HKD, with a net buy of 6.27 billion HKD, indicating strong investor interest in Hong Kong stocks despite a slight decline in the Hang Seng Index by 0.89% [1]. Transaction Overview - The total buy transaction for southbound capital was 64.92 billion HKD, while the total sell transaction was 58.65 billion HKD, leading to a net buy of 6.27 billion HKD [1]. - Breakdown of transactions: - **Hong Kong Stock Connect (Shanghai)**: - Buy: 39.81 billion HKD - Sell: 36.53 billion HKD - Net Buy: 3.28 billion HKD - **Hong Kong Stock Connect (Shenzhen)**: - Buy: 25.11 billion HKD - Sell: 22.12 billion HKD - Net Buy: 2.99 billion HKD [1].

(本文来自第一财经) 南向资金今日净买入62.71亿港元。其中阿里巴巴-W、盈富基金、小米集团-W净买入额位列前三，分别 获净买入7.3亿港元、6.84亿港元、4.73亿港元。净卖出方面，中芯国际、华虹半导体、和黄医药分别遭 净卖出4.27亿港元、3.36亿港元、1.58亿港元。 ...

每经AI快讯，8月8日，截至目前，南向资金净买入额达50亿港元。 （文章来源：每日经济新闻） ...

数据来源： Wind 上证报中国证券网讯 截至8月8日10时10分，南向资金净买入超10亿港元。 来源：上海证券报·中国证券网 ...

（原标题：今日南向资金ETF买入及卖出成交额为67.69亿港元） 今日（8月7日）南向资金ETF买入及卖出成交额为67.69亿港元，较前一日增加55.32亿港元，占南向资 金今日成交额的4.81%。 具体来看，港股通（沪）ETF买入及卖出成交额57.59亿港元，港股通（深）ETF买入及卖出成交额 10.10亿港元。（数据宝） | 港股通（沪）（亿港元） | 57.59 | | --- | --- | | 港股通（深）（亿港元） | 10.10 | | 港股通合计（亿港元） | 67.69 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 南向资金ETF买入及卖出成交额 ...