The Zhitong Finance App learned that on September 1, in the Hong Kong stock market, Beishui traded a net purchase of HK$7.757 billion. Among them, Hong Kong Stock Connect (Shanghai) had net purchases of HK$6.219 billion and Hong Kong Stock Connect (Shenzhen) had net purchases of HK$1,537 billion.
The individual stocks that Beishui Net bought the most were Tencent (00700), MINIMAX-W (00100), and Kuaishou-W (01024). The individual stocks sold the most by Beishui Net were China Life Insurance (02628), Huahong Hongli (01347), and China Resources Land (01109).
Hong Kong Stock Connect (Shanghai) active trading stocks
Hong Kong Stock Connect (Shenzhen) active trading stocks
Tencent (00700) received a net purchase of HK$1,124 million. The Tencent Hy4 Preview model was released last Friday. Citi said that due to Hy4 Preview's deeper coordination and co-design with CodeBuddy and WorkBuddy, the bank believes Hy4 has further improved its ability to complete tasks in real work productivity scenarios. The bank expects that after the official version of Hy4 is released in the next few months, the usability and practicality of Hy4 in the Tencent ecosystem and the work productivity environment of external companies will be further enhanced.
MINIMAX-W (00100) received a net purchase of HK$762 million. On August 31, MiniMax officially announced that the H3 Max 768P and 480P will be connected to its open platform and design system. This version is based on MiniMax H3 open weights by Eco Partner FAL for post-training and inference optimization. The core breakthrough was a leapfrog increase in generation speed: a complete audio and video with a resolution of 5 seconds at 768P resolution took less than 3 seconds to generate. Qualitative changes in production speed have directly spawned new product forms. , H3 Max has been successfully connected to the live broadcast by overseas developers.
Kuaishou-W (01024) received a net purchase of HK$402 million. Kuaishou announced that Beijing Keling signed separate participation agreements with the National Artificial Intelligence Fund and Chia Tai Robotics. According to this, the National Artificial Intelligence Fund and Chia Tai Robotics each agreed to become parties to the capital increase agreement as additional investors, and to inject cash capital of RMB 1.4 billion and US$19.29 million (about 131 million yuan) into Beijing Keling, respectively.
Zhongji Innox (03308) received a net purchase of HK$268 million. Zhongji Xuchuang announced on August 31 that it plans to repurchase some A shares. The total repurchase capital is not less than 4 billion yuan, not more than 8 billion yuan. The repurchase price is no more than 1,200 yuan/share. Shares will be repurchased for equity incentives or employee stock ownership plans. Based on the maximum repurchase amount, it is estimated that approximately 6.6667 million shares will be repurchased, accounting for 0.57% of the total share capital.
Alibaba-W (09988) received a net purchase of HK$222 million. Goldman Sachs believes that Alibaba's AI investment is gradually entering a payback period. Behind the three-year payback forecast, there is a positive cycle formed by the release of AI demand, accelerated growth in cloud business, and continuous improvement in profit margins. Core e-commerce provides abundant cash flow, and the cloud business undertakes AI commercialization, combined with overseas expansion and Qwen's smart layout. AI investment is expected to gradually transform from cost to a new growth engine.
Jiantao Laminate (01888) received a net purchase of HK$186 million. The leading copper-clad board company Jiantao Laminate issued the latest price increase notice, the seventh price increase in the year. Citi published a report to begin an upward catalytic observation on Jiantao laminates on the 30th. It is expected that the price of electronic grade glass fiber cloth will increase again in early September. Jiantao laminates may then announce an increase in the price of copper clad plate (CCL) in early October.
China Resources Land (01109) had a net sale of HK$165 million. China Resources Land announced interim results. In the first half of the year, it achieved operating income of 67.87 billion yuan, down 28.5% year on year; net profit to mother was 9.84 billion yuan, down 17.2% year on year. Citi said that China Resources Land's mid-term core profit increased 1.6% year over year to RMB 10.16 billion. It was the only developer in the industry that achieved profits of over RMB 10 billion in the first half of the year and that its performance was basically flat, reflecting its platform advantages and cross-business synergy.
In addition, Changfei Optical Fiber Cable (06869) received a net purchase of HK$112 million, while SMIC (00981), Huahong Hongli (01347), and China Life Insurance (02628) were net sold at HK$59.45 million, 274 million, and HK$379 million respectively.