Core Insights - Southbound funds recorded a net purchase of 3.414 billion HKD today [1] - The top three net purchases were Meituan-W, SMIC, and CNOOC, with net purchases of 655 million HKD, 602 million HKD, and 571 million HKD respectively [1] - The top three net sales were Pop Mart, CSPC Pharmaceutical, and UBTECH, with net sales of 629 million HKD, 247 million HKD, and 211 million HKD respectively [1] Group 1 - Southbound funds had a net inflow of 3.414 billion HKD today [1] - Meituan-W led the net purchases with 655 million HKD [1] - SMIC and CNOOC followed with net purchases of 602 million HKD and 571 million HKD respectively [1] Group 2 - Pop Mart experienced the highest net sales at 629 million HKD [1] - CSPC Pharmaceutical and UBTECH had net sales of 247 million HKD and 211 million HKD respectively [1]

Group 1 - Southbound funds recorded a net purchase of 5.345 billion HKD today [1] - The top three net purchases were China National Offshore Oil Corporation (CNOOC) with 980 million HKD, Pop Mart with 793 million HKD, and Meituan-W with 524 million HKD [1] - In terms of net sales, Hua Hong Semiconductor faced a net sell of 1.014 billion HKD, followed by Innovent Biologics with 140 million HKD, and Xiaomi Group-W with 57 million HKD [1]

Group 1 - The core point of the article highlights the trading activities of southbound funds on October 23, with a total transaction amount of 120.19 billion HKD and a net buy of 5.43 billion HKD [1] - The Hang Seng Index increased by 0.72% on the same day, indicating a positive market sentiment [1] - Southbound funds had a total buy transaction of 62.68 billion HKD and a sell transaction of 57.25 billion HKD, resulting in a net buy of 5.43 billion HKD [1] Group 2 - The breakdown of transactions shows that the Shanghai-Hong Kong Stock Connect had a buy transaction of 40.75 billion HKD and a sell transaction of 35.06 billion HKD, leading to a net buy of 4.69 billion HKD [1] - The Shenzhen-Hong Kong Stock Connect recorded a buy transaction of 22.93 billion HKD and a sell transaction of 22.19 billion HKD, resulting in a net buy of 0.74 billion HKD [1] - Overall, the total transaction amount for the southbound funds was 1201.93 billion HKD, with significant activity in both stock connect programs [1]

Core Viewpoint - The Hong Kong stock market's technology and internet sector is experiencing an increase in allocation value driven by multiple favorable factors, including macroeconomic growth, international relations improvements, and positive capital flow signals [1] Macroeconomic Factors - The GDP growth for the first three quarters is 5.2% year-on-year, indicating positive outcomes in high-quality development and creating a favorable market environment [1] - Progress in Sino-U.S. economic and trade dialogues has been made, with both sides agreeing to hold new rounds of consultations, which may help ease trade tensions [1] Capital Flow Signals - Southbound capital shows a "buy on dips" characteristic, with a net inflow of 450.89 billion HKD during the recent market correction, marking the highest level in nearly five weeks [1] - The cumulative net inflow for the year has exceeded 1.1 trillion HKD, reflecting strong enthusiasm for allocation in Hong Kong stocks [1] Institutional Outlook - Institutions are optimistic about the long-term performance of the Hong Kong technology and internet sector. Cathay Pacific Securities believes that short-term disturbances will not alter the mid-term trend, and the bull market in Hong Kong stocks is expected to continue in the fourth quarter due to an upward industry cycle and new capital entering the market [1] - Guoyuan International anticipates that the Hong Kong stock market will maintain resilience, with short-term volatility providing better entry opportunities [1] - Huafu Securities recommends focusing on Hong Kong technology stocks that concentrate on AI core assets to seize structural opportunities [1] Relevant ETFs - Hong Kong Stock Connect Technology ETF (159101) covers the entire technology industry chain [1] - Hang Seng Internet ETF (513330) focuses on leading internet companies [1]

Core Insights - The total trading volume of southbound funds in ETFs reached 35.33 billion HKD on October 22, marking an increase of 0.17 billion HKD from the previous day, accounting for 3.32% of the total trading volume of southbound funds today [1] Summary by Category - **Southbound Funds Trading Volume** - The trading volume for southbound funds in ETFs was 35.33 billion HKD, with a daily increase of 0.17 billion HKD [1] - **Breakdown of Trading Volume** - The trading volume for Hong Kong Stock Connect (Shanghai) ETFs was 25.93 billion HKD [1] - The trading volume for Hong Kong Stock Connect (Shenzhen) ETFs was 9.40 billion HKD [1]

Market Overview - On October 22, the Hang Seng Index fell by 0.94%, with southbound trading totaling HKD 1,065.82 billion, comprising HKD 583.00 billion in buying and HKD 482.82 billion in selling, resulting in a net buying amount of HKD 100.18 billion [1][2]. Southbound Trading Details - Southbound trading through the Stock Connect (Shenzhen) recorded a total transaction amount of HKD 398.87 billion, with net buying of HKD 33.25 billion [1]. - Southbound trading through the Stock Connect (Shanghai) had a total transaction amount of HKD 666.95 billion, with net buying of HKD 66.93 billion [1]. Active Stocks - Alibaba-W had the highest transaction amount among southbound stocks, totaling HKD 65.80 billion, followed by Innovent Biologics and SMIC with HKD 59.23 billion and HKD 52.64 billion, respectively [1][2]. - The top net buying stocks included the Tracker Fund of Hong Kong with a net buying amount of HKD 19.94 billion, China National Offshore Oil Corporation with HKD 14.25 billion, and SMIC with HKD 6.42 billion [1]. Stock Performance - The Tracker Fund of Hong Kong closed down by 1.05%, while China National Offshore Oil Corporation increased by 0.93% and SMIC rose by 1.08% [3]. - The largest net selling stock was Hua Hong Semiconductor, with a net selling amount of HKD 2.98 billion, closing down by 2.25%. Xiaomi Group-W and Alibaba-W also faced net selling of HKD 2.22 billion and HKD 859.17 million, respectively [1][3].

Core Insights - The net buying amount of southbound funds reached 3 billion HKD on October 22 [1] Group 1 - Southbound funds have shown a significant inflow, indicating strong investor interest in the Hong Kong market [1]

Core Insights - The total trading volume of southbound funds in ETFs reached 3.516 billion HKD on October 21, marking an increase of 755.6 million HKD from the previous day, accounting for 2.78% of the total trading volume of southbound funds today [1] Summary by Category - **Southbound Funds Trading Volume** - The trading volume for southbound funds in ETFs was 3.516 billion HKD, which is an increase of 755.6 million HKD compared to the previous day [1] - **Breakdown of Trading Volume** - The trading volume for Hong Kong Stock Connect (Shanghai) ETFs was 1.855 billion HKD [1] - The trading volume for Hong Kong Stock Connect (Shenzhen) ETFs was 1.662 billion HKD [1]

Group 1 - Southbound funds recorded a net purchase of 1.171 billion yuan today [1] - In the Hong Kong Stock Connect (Shanghai), Pop Mart and Xiaomi Group-W received net purchases of 683 million HKD and 652 million HKD respectively [1] - Alibaba-W had the highest net sell amount, totaling 133 million HKD [1] Group 2 - In the Hong Kong Stock Connect (Shenzhen), Pop Mart and SMIC received net purchases of 438 million HKD and 180 million HKD respectively [1] - The Yingfu Fund had the highest net sell amount, reaching 1.102 billion HKD [1]

(本文来自第一财经) 南向资金今日净买入11.71亿港元。其中泡泡玛特、小米集团-W、华虹半导体净买入额位列前三，分别 获净买入11.21亿港元、4.81亿港元、4.41亿港元。净卖出方面，盈富基金、阿里巴巴-W、信达生物分别 遭净卖出11.02亿港元、4.3亿港元、0.78亿港元。 ...