Group 1 - The Hang Seng Index rose by 1.55% on November 10, with total southbound trading amounting to HKD 103.94 billion, including buy transactions of HKD 55.30 billion and sell transactions of HKD 48.64 billion, resulting in a net buy of HKD 6.65 billion [1] - The southbound trading through Stock Connect (Shenzhen) totaled HKD 40.91 billion, with buy transactions of HKD 23.20 billion and sell transactions of HKD 17.70 billion, leading to a net buy of HKD 5.50 billion [1] - The southbound trading through Stock Connect (Shanghai) reached HKD 63.04 billion, with buy transactions of HKD 32.09 billion and sell transactions of HKD 30.94 billion, resulting in a net buy of HKD 1.15 billion [1] Group 2 - Among the actively traded stocks, Alibaba-W had the highest transaction amount at HKD 53.02 billion, followed by SMIC and Tencent Holdings with transaction amounts of HKD 43.04 billion and HKD 40.19 billion, respectively [1] - The stock with the highest net buy was China National Offshore Oil Corporation, with a net buy of HKD 13.13 billion, closing with a price increase of 5.95% [1] - Other notable net buys included Pop Mart with HKD 5.19 billion and Xiaomi Group-W with HKD 1.73 billion [1] Group 3 - Continuous net buying was observed for Xiaomi Group-W and XPeng Motors, with net buying days of 9 and 3 days, respectively, and total net buying amounts of HKD 53.68 billion and HKD 16.80 billion [2] - The stocks with the highest net sell amounts included Alibaba-W and Meituan-W, with net sell amounts of HKD 13.23 billion and HKD 2.45 billion, respectively [2] - The trading data for November 10 shows that China National Offshore Oil Corporation, Pop Mart, and Xiaomi Group-W were among the top stocks in terms of net buy and price increase [2]

今日港股表现强势，消费板块领涨，医药股午后发力，截至收盘，中证港股通消费主题指数上涨3.0%，中证港股通互联网指数上涨2.2%，恒生港股通新经 济指数上涨1.6%，中证港股通医药卫生综合指数上涨1.4%，恒生科技指数上涨1.3%。 港股市场迎来又一里程碑，今日南向资金通过港股通净买入66.54亿港元，使得年内净买入额突破1.3万亿港元，自港股通开通以来的累计净流入规模也突破5 万亿港元，刷新互联互通机制开通以来的最高纪录。 1. 3 港股通医药ETF 跟踪中证港股通医药卫生综合指数 该指数由港股通范围内医疗卫 生行业中50只流动性较好、市 值较大的股票组成,医疗保健 行业权重占比超90% �日 该指数消 1. 4' 技主题高度相关的、市值最大 的30只股票组成,信息技术及 可选消费行业合计占比超90% 该指数泪 港股通互联网ETF 跟踪中证港股通互联网指数 该指数由港股通范围内30家互 联网龙头公司的股票组成,主 要包括信息技术、可选消费行 令日 该指数污 每日经济新闻 ...

每经AI快讯，南向资金今日净买入约66.54亿港元。中国海洋石油、泡泡玛特分别获净买入约13.13亿港 元、5.19亿港元；阿里巴巴-W遭净卖出6.53亿港元。注：南向资金已连续14个交易日保持净流入，期间 累计买入927.72亿港元。 ...

买入成交额 （亿港元） 卖出成交额 （亿港元） 成交净买入 （亿港元） 港股通（深） 232.04 177.02 55.02 港股通（沪） 320.93 309.42 11.51 合计 552.97 486.44 66.53 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。 11月10日南向资金全天成交额1039.41亿港元，成交净买入66.53亿港元。 证券时报•数据宝统计显示，11月10日恒生指数上涨1.55%，南向资金合计买入成交552.97亿港元，卖出 成交486.44亿港元，合计成交额1039.41亿港元，全天成交净买入66.53亿港元，连续14日净买入。 具体看，港股通（沪）买入成交320.93亿港元，卖出成交309.42亿港元，合计成交额630.35亿港元，成 交净买入11.51亿港元；港股通（深）买入成交232.04亿港元，卖出成交177.02亿港元，合计成交409.06 亿港元，成交净买入55.02亿港元。（数据宝） 南向资金今日成交概况 ...

Core Insights - Southbound funds through the Hong Kong Stock Connect recorded a net purchase of HKD 66.54 billion on November 10, marking a year-to-date net inflow exceeding HKD 1.3 trillion, and the cumulative net inflow since the launch of the Stock Connect has surpassed HKD 5 trillion, setting a new record since the interconnection mechanism was established [1] Summary by Categories Monthly and Yearly Performance - Total net purchases for the month reached HKD 453.32 billion, with HKD 160.53 billion from the Shanghai Stock Connect and HKD 292.79 billion from the Shenzhen Stock Connect [2] - Year-to-date total net purchases stand at HKD 13,053.49 billion, with HKD 7,735.22 billion from the Shanghai Stock Connect and HKD 5,318.27 billion from the Shenzhen Stock Connect [2] Recent Trends - In the last three months, net purchases amounted to HKD 4,045.50 billion, with HKD 1,754.66 billion from the Shanghai Stock Connect and HKD 2,290.83 billion from the Shenzhen Stock Connect [2] - Over the past six months, total net purchases reached HKD 6,927.56 billion, with HKD 3,549.36 billion from the Shanghai Stock Connect and HKD 3,378.20 billion from the Shenzhen Stock Connect [2] Historical Data - Since the launch of the Stock Connect, cumulative net inflows have reached HKD 50,031.41 billion, with HKD 27,927.31 billion from the Shanghai Stock Connect and HKD 22,104.10 billion from the Shenzhen Stock Connect [2]

Core Insights - The Hong Kong stock market has reached a new milestone with southbound funds net buying 66.54 billion HKD on November 10, leading to a total net purchase exceeding 1.3 trillion HKD for the year [1] - Cumulative net inflow since the launch of the Stock Connect program has surpassed 5 trillion HKD, setting a new record since the inception of the mutual market access mechanism [1]

Core Insights - The Hong Kong stock market has reached a new milestone with southbound funds net buying 66.54 billion HKD on November 10, 2023, pushing the year-to-date net buying amount over 1.3 trillion HKD [1] - Cumulative net inflow since the launch of the Stock Connect program has surpassed 5 trillion HKD, setting a new record since the inception of the mutual market access mechanism [1] Summary by Categories - **Market Performance** - Southbound funds net buying reached 66.54 billion HKD on November 10, 2023 [1] - Year-to-date net buying amount has exceeded 1.3 trillion HKD [1] - **Cumulative Inflows** - Cumulative net inflow since the launch of the Stock Connect program has surpassed 5 trillion HKD [1] - This marks the highest record since the mutual market access mechanism was established [1]

Core Insights - The net inflow of southbound capital into Hong Kong stocks has reached 12,600 billion HKD this year, marking the fastest inflow since the launch of the Stock Connect, significantly surpassing the total inflow for the entire previous year [1] - Since the end of May, there has been a sustained high rate of inflow, with an average daily net inflow of 6.1 billion HKD by the end of September [1] - September recorded a net purchase of 188.5 billion HKD, making it the month with the highest net inflow this year, second only to January 2021 in historical terms [1] - In October, the net inflow exceeded 92 billion HKD [1] Industry Impact - The reduction in tariffs has alleviated significant uncertainties, aiding in stabilizing trade relations and improving external circulation, which in turn enhances market risk appetite [1] - The direct tax rate reduction benefits cross-border e-commerce, while trade improvements lead to macroeconomic recovery and increased consumer demand, positively impacting internet advertising and domestic e-commerce [1] Related ETFs - The Hong Kong Stock Connect Technology ETF (159101) covers the entire technology industry chain [1] - The Hang Seng Internet ETF (513330) focuses on leading internet companies [1]

Core Insights - The Hong Kong stock market is undergoing a fundamental value reassessment driven by changes in capital structure, asset quality, foreign capital trends, and market expectations [1][2] - Domestic capital has significantly increased its presence in the Hong Kong market, capturing a substantial share of quality assets and gradually gaining pricing power [1][2] Investment Landscape Changes - The investor structure in the Hong Kong market is shifting, with domestic funds increasingly participating and now accounting for a significant portion of trading volume [2][3] - Historically, the Hong Kong market was heavily influenced by offshore capital, which primarily focused on core assets, leaving many other assets under-researched and illiquid [2] - Domestic institutional investors, particularly public funds, have expanded their investment scope to include Hong Kong stocks, with nearly half of the public funds now able to invest in this market [2] Market Valuation and Opportunities - Despite recent fluctuations, the Hong Kong market has not shown signs of a bubble, with valuations merely returning to normal levels [4][5] - The core assets in the Hong Kong market, particularly internet companies, are expected to see a recovery in their traditional revenue streams, while AI-related business segments are still developing [5] - The banking sector in Hong Kong is viewed as undervalued, with price-to-book ratios significantly lower than global averages, indicating potential for long-term investment [5] Asset Allocation Perspective - The current asset allocation structure in China shows a low proportion of overseas investments, with public fund QDII products accounting for less than 4% [6] - A more balanced approach to asset allocation, including a reasonable increase in overseas investments, is suggested to enhance risk diversification and returns [6][7] - The Hong Kong market remains a crucial component for residents seeking to diversify risks and enhance their sources of returns [7] Investment Strategy and Product Development - The company emphasizes a bottom-up investment approach, focusing on fundamental research to uncover value in the Hong Kong market [8] - The investment team has developed capabilities in covering various sectors within the Hong Kong market, aiming for long-term returns while managing risk [8][9] - The company is expanding its product offerings to include passive index funds and thematic funds, targeting sectors such as dividends, consumption, innovative pharmaceuticals, and the internet [9]

| 港股通（沪）（亿港元） | 6.46 | | --- | --- | | 港股通（深）（亿港元） | 1.29 | | 港股通合计（亿港元） | 7.75 | 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。 具体来看，港股通（沪）ETF买入及卖出成交额6.46亿港元，港股通（深）ETF买入及卖出成交额1.29 亿港元。（数据宝） 南向资金ETF买入及卖出成交额 （原标题：今日南向资金ETF买入及卖出成交额为7.75亿港元） 今日（11月7日）南向资金ETF买入及卖出成交额为7.75亿港元，较前一日减少30.58亿港元，占南向资 金今日成交额的0.79%。 ...