The Zhitong Finance App learned that in the Hong Kong stock market on September 11, Beishui traded a net purchase of HK$4.431 billion. Among them, Hong Kong Stock Connect (Shanghai) had net purchases of HK$3.192 billion and Hong Kong Stock Connect (Shenzhen) had net purchases of HK$1,239 billion.
The individual stocks that Beishui Net bought the most were Southern Hang Seng Technology (03033), Zhongji Xuchuang (03308), and Alibaba-W (09988). The individual stocks sold the most by Beishui Net were SMIC (00981) and CNOOC (00883).
Hong Kong Stock Connect (Shanghai) active trading stocks
Hong Kong Stock Connect (Shenzhen) active trading stocks
Southern Hang Seng Technology (03033) received a net purchase of HK$936 million. Although the overall recent Internet earnings report did not significantly exceed expectations, the fundamentals still showed some resilience. Some analysts believe that the current adjustment of Hong Kong stocks comes more from the concentrated impact of overseas liquidity and risk appetite. After experiencing continuous valuation compression, the sector's risk-return ratio has improved markedly; if expectations for subsequent interest rate hikes are not further revised, technology assets that were suppressed by rising interest rates in the early stages have some flexibility in valuation repair.
Zhongji Xuchuang (03308), Changfei Optical Fiber Cable (06869), and Cambridge Technology (06166) received net purchases of HK$648 million, $421 million, and HK$51.55 million respectively. The relevant final rules of the US Federal Communications Commission (FCC) have officially been implemented. Companies in the Chinese optical communications industry chain, such as Zhongji Xuchuang, Xinyisheng, Dongshan Precision, and Tianfu Communications, are not directly included in the FCC restricted list. The analysis points out that for the current sector, this means that the extreme pessimistic assumptions surrounding the FCC have basically not been implemented. In particular, the passive sector's policy certainty is higher, and the overall risk appetite for optical communication is positive.
Alibaba-W (09988) received a net purchase of HK$514 million. On September 11, at the 2026 Bund Conference, Ant announced the upgrade of GPASS to “Spirit”, positioning the agent's native operating system and open platform for new terminals such as AI glasses, providing interaction, operation, multi-terminal collaboration, and secure trustworthiness. At the Bund conference, Alipay announced that it will launch an AI wallet smart device and launch the three major “AI collection” capabilities of VibePay, SkillPay, and MachinePay, as well as new scenarios such as AI cyclical purchases, AI to help you grab, and AI to help you book.
Smart Spectrum (02513) received a net purchase of HK$457 million. DeepSeek announced a price reduction for DSV4 Flash, effective September 10. Morgan Stanley released a research report saying that after the price reduction, the price of the DS V4 Flash is still higher than when it was released in April, and is also more expensive than QWEN3.8-Flash and GLM5.3-Flash. Although price competition for Flash models is likely to increase, gross margins are still critical. The bank therefore did not expect an undisciplined price war.
Jiantao Laminate (01888) received a net purchase of HK$290 million. According to institutional research reports, the price of 7628 electronic cloth dealers sold at 15 yuan/meter in August, and increased by 10-20% in September; currently, the price of 7628 electronic cloth from electronic cloth manufacturers is 11-12 yuan/meter, and the price increase has been accelerating for three consecutive months. Cathay Pacific Haitong Securities pointed out that in the second quarter of this year, traditional electronic cloth+FR-4 copper-clad sheets entered the channel of accelerated price increase. As a scarce cloth to board integrated target, the company is more flexible.
CNOOC (00883) had a net sale of HK$17.15 million. The foreign ministers of the six GCC countries are scheduled to meet with Iranian foreign ministers on September 14 to seek a temporary agreement on the passage of merchant ships; at the same time, the Houthis announced a cease-fire on the west coast of the Red Sea. The tension in the two major strategic waterways loosened up, and international oil prices fell in response.
In addition, Tencent (00700) and Quantifier (02685) received net purchases of HK$206 million and HK$7.97 million respectively, while SMIC (00981) had a net sale of HK$170 million.