Core Insights - The net inflow of southbound funds reached HKD 36.851 billion during the week of September 15 to 19, marking a 39.41% decrease compared to the previous week, but it has been a continuous net inflow for 18 weeks [1] Group 1: Market Activity - A total of 22 stocks appeared in the top ten active stocks for the week, with Alibaba-W having the highest trading volume on the Hong Kong Stock Connect, totaling HKD 69.847 billion [1] - Other notable stocks with trading volumes exceeding HKD 20 billion include SMIC, Meituan-W, Tencent Holdings, and Xiaomi Group-W [1] Group 2: Shareholding Changes - Eleven stocks experienced a more than 100% increase in shareholding from southbound funds, with Baize Medical leading at a remarkable 2252.16% increase [1] - Other significant increases in shareholding include Nanshan Aluminum International, Hushang Ayi, Brainstorm Aurora-B, and Jin Jing New Energy, all showing over 500% growth [1]

Group 1 - The Hong Kong stock market has attracted significant attention from global investors, with net inflows from mainland investors reaching a record high of 10057.3 billion HKD as of September 3, 2023, marking 27 consecutive months of net inflows [1] - The Hang Seng Index and the Hang Seng Tech Index have both seen year-to-date increases of over 25%, ranking among the top global indices [1] - The influx of southbound funds is driven by a global capital "rebalancing" logic, with new consumer stocks in beauty, leisure, and technology sectors appealing to mainland investors [1] Group 2 - Individual investors are the primary contributors to southbound fund inflows, with institutional investors also showing interest in scarce Hong Kong assets [2] - In the current environment of declining interest rates in mainland China, growth-oriented tech stocks and dividend-paying stocks are recommended for long-term investment [2] Group 3 - Financial and technology sectors are the main focus for southbound fund allocations, with bank sector holdings increasing by nearly 3000 billion HKD since the end of last year [3] - The media industry has seen an increase of nearly 2800 billion HKD in holdings, while the pharmaceutical sector has gained over 4000 billion HKD, benefiting from breakthroughs in innovative drug development [3] Group 4 - Four industries have experienced net inflows exceeding 1000 billion HKD this year, with the banking sector leading at over 2100 billion HKD, followed by retail at over 1800 billion HKD [4] - The pharmaceutical and non-bank financial sectors also saw net inflows exceeding 1000 billion HKD, while traditional industries like steel and agriculture faced net outflows [4] Group 5 - Nearly 60% of Hong Kong Stock Connect stocks have seen an increase in holdings this year, with significant increases in bank stocks [5] - A total of 61 stocks have been continuously accumulated by southbound funds for five months, primarily in social services, pharmaceuticals, food and beverage, and non-bank financial sectors [5] Group 6 - Notable companies such as Yiyang Medical and Delin Holdings have seen substantial increases in holdings, with Yiyang Medical's holding ratio approaching 40% and Delin Holdings increasing by over 20 percentage points [6] - Yiyang Medical reported a revenue growth of 12.9% year-on-year, while Delin Holdings announced a significant investment in digital asset ecosystems [6]

Core Insights - Southbound capital recorded a net inflow of 17.904 billion HKD this week, a decrease of 53.03% compared to the previous week, marking 14 consecutive weeks of net inflow, with a total year-to-date net inflow of 956.825 billion HKD [1] Group 1: Market Activity - A total of 21 stocks made it to the list of the top ten most active stocks this week, with SMIC leading in trading volume at 29.659 billion HKD [1] - Major technology stocks saw increased southbound capital accumulation, with Tencent Holdings receiving the highest net buy amount of 4.626 billion HKD this week, continuing a four-week growth in shareholding [1] Group 2: Stock Performance - Tencent Holdings' latest shareholding reached 998 million shares, accounting for 10.87% of the total shares in the Hong Kong stock market [1] - Other notable stocks with net buy amounts exceeding 1 billion HKD include Meituan-W, Xiaomi Group-W, and Kuaishou-W [1]