According to the Zhitong Finance and Economics APP, on October 16th, in the Hong Kong stock market, Beishui had a net selling of HKD 1.546 billion. Among them, the Shanghai-Hong Kong Stock Connect had a net selling of HKD 2.298 billion, while the Shenzhen-Hong Kong Stock Connect had a net buying of HKD 0.752 billion.
The top stocks with the most net buying by Beishui were Alibaba-W (09988), CNOOC (00883), and SMIC (00981). The top stocks with the most net selling by Beishui were Yingfu Fund (02800) and China Mobile (00941).
Active trading stocks in the Shanghai-Hong Kong Stock Connect
Active trading stocks in the Shenzhen-Hong Kong Stock Connect
Alibaba-W (09988) saw a significant increase in holdings, with a net buying of HKD 0.507 billion throughout the day. In terms of news, Gaoxin Retail announced that on September 27, 2024, the board of directors received a letter of intent from a potential acquirer, expressing interest in making a voluntary conditional offer for all of the company's issued shares. Additionally, it was reported that Alibaba may receive $1.6 billion from selling 73.66% of Gaoxin Retail's shares.
CNOOC (00883) saw a net buying of HKD 0.27 billion. In terms of news, Huachuang Securities previously pointed out that oil prices in 2024 are expected to remain high. With energy security in the background, energy supply is expected to be concentrated in state-owned enterprises. The three major oil companies are actively promoting increased reserves and production, expected to benefit from the high oil prices; refining and chemical control is expected to boost production, and the continuous improvement in profits; the State-owned Assets Supervision and Administration Commission has initiated mobilization and deployment of world-class enterprise value creation actions for state-owned enterprises to benchmark against, with the support of industry policies, the valuation of the three major oil companies is expected to return to a rational level.
SMIC (00981) saw a net buying of HKD 0.16 billion. In terms of news, on the evening of October 11th, SMIC announced that E Fund SSE STAR Market 50 ETF increased its holdings of the company's domestic shares by 9.6162 million shares, with an increase ratio of 0.48%. After this increase, E Fund SSE STAR Market 50 ETF holds approximately 108.7 million shares of SMIC's domestic shares, accounting for 5.47% of the company's domestic total share capital and 1.36% of the company's total share capital. The announcement stated that SMIC is a constituent stock of the STAR 50 Index, and the fund's holding of the company's shares or changes in holdings are based on the fund's investment strategy
Tencent (00700) received a net purchase of HKD 121 million. On the news front, CICC released a report stating that Tencent's domestic game revenue is expected to increase by 29% in the third quarter, compared to 32% in the second quarter, still mainly driven by the incremental contribution of the new game &#34;Dungeon &amp; Warriors: Origin&#34;. Overseas game revenue is expected to increase by 27% annually, still driven by Supercell's &#34;Brawl Stars&#34;, with monthly revenue maintained at a high level of 600-800 million yuan. The bank estimates that Tencent's game revenue in the third quarter will increase by 11% year-on-year, which is basically in line with previous expectations.
Beishui Fund increased its holdings in real estate stocks, with Sunac China (01918) and Vanke Enterprise (02202) receiving net purchases of HKD 97.63 million and 69.25 million respectively. On the news front, the State Council Information Office will hold a press conference at 10:00 am on October 17th, where Minister of Housing and Urban-Rural Development Ni Hong, as well as officials from the Ministry of Finance, Ministry of Natural Resources, People's Bank of China, and China Banking and Insurance Regulatory Commission will introduce the relevant situation of promoting the stable and healthy development of the real estate market and answer questions from reporters. Morgan Stanley pointed out that the survey results for September showed a slight improvement in residents' outlook on housing prices, but the sustainability of sales recovery still needs to be observed.
China Construction Bank (00939) received a net purchase of HKD 95.34 million. Recently, there have been rumors in the market that banks are about to lower deposit rates again, with the earliest announcement expected this week. UBS stated that although loan growth has further slowed down, they believe that the net interest income of domestic banks will narrow due to the stabilization of net interest margins at the industry level. At the same time, trading and investment income are expected to maintain steady growth in the third quarter, with an average annual growth of 30.4%. They anticipate that the profit outlook for domestic banks in the second half of the year can improve.
GF Fund (02800) suffered a net sale of HKD 4.722 billion. Huatai Securities pointed out that after the adjustment, the Hang Seng Index is now close to the support level. The most important factor is that the current comprehensive environment, in terms of policy expectations, corporate profit expectations, and USD liquidity expectations, is significantly better than in mid-July. Quantitatively, the risk premium of the Hang Seng Index is close to the level at that time. Looking ahead, the bank believes that in early November, the Hang Seng Index is likely to fluctuate in the current support level area. Timing factors such as the U.S. election, third-quarter reports, and policy validation will still cause disturbances, but the emotional release may have already been largely completed.
In addition, Xiaomi Corporation-W (01810) and Meituan-W (03690) received net purchases of HKD 78.41 million and 6.02 million respectively. Meanwhile, China Mobile (00941) suffered a net sale of HKD 110 million

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On October 16, the net selling of Northbound funds in the Hong Kong stock market was HKD 1.546 billion. Among them, the Shanghai-Hong Kong Stock Connect had a net selling of HKD 2.298 billion, while the Shenzhen-Hong Kong Stock Connect had a net buying of HKD 0.752 billion. Alibaba-W, CNOOC, and SMIC were net buying stocks, while GF Fund and China Mobile were net selling stocks. Alibaba saw a significant increase in holdings, with a net buying of HKD 0.507 billion. The board of directors of Gaoxin Retail received a contact letter from a potential acquirer, and Alibaba may profit $1.6 billion from selling 73.66% of its stake in Gaoxin Retail

- On October 16, the Hong Kong stock market saw a net sell-off of 1.546 billion HKD from northbound trading, with significant movements in stocks like Alibaba and CNOOC.  
- Notably, Alibaba received a net buy of 507 million HKD, while the Yingfu Fund faced a net sell of 4.722 billion HKD.  
- The market is influenced by various factors, including anticipated policy changes and corporate earnings, with analysts suggesting a potential stabilization in the Hong Kong stock environment.

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Beishui Movement | Beishui net sold 1.546 billion yuan, domestic funds increased their positions in domestic real estate stocks, and sold more than 4.7 billion Hong Kong dollars of Yingfu Fund