The Zhitong Finance App learned that on November 13, in the Hong Kong stock market, Beishui traded a net purchase of HK$2,333 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$3,663 billion, and Hong Kong Stock Connect (Shenzhen) had a net sale of HK$1,330 billion.
The individual stocks that Beishui Net bought the most were Tencent (00700), Zhiguo (02513), and Bijiao Technology (06082). The individual stocks sold the most by Beishui Net were Alibaba-W (09988), SMIC (00981), and Zhongji Xuchuang (03308).
Hong Kong Stock Connect (Shanghai) active trading stocks
Hong Kong Stock Connect (Shenzhen) active trading stocks
Tencent (00700) received a net purchase of HK$680 million. In response to external claims about “Tencent's 50% layoff,” Interface News learned from people close to Tencent that during Tencent's 28th anniversary Linktime live broadcast, Tencent management took the initiative to express their determination to speed up organizational change. At the same time, it was specifically mentioned that this is not the same as “reducing costs and increasing efficiency” a few years ago. Tencent plans to disclose its three-quarter report on November 18.
Smart Spectrum (02513) received a net purchase of HK$569 million. On November 10, Zhipu issued an announcement stating that after receiving Chairman Liu Debing's share repurchase proposal, the board of directors plans to repurchase H shares on the open market from time to time in accordance with the general authorization granted by the annual shareholders' meeting. The total amount is expected to be up to HK$4 billion. The total number of repurchases will not exceed 1% of the total number of shares issued on the announcement date.
Beishui added domestic GPU concept stocks, and Bizao Technology (06082) and Tianshu Zhixin (09903) received net purchases of HK$294 million and HK$164 million respectively. Nvidia announced that Huang Renxun will resign as president, CEO and board member with immediate effect. Colette Kress was appointed as interim CEO. There are opinions in the market that Nvidia's falling into a management vacuum may affect the pace of its product delivery. This is just a window for replacing domestic computing power to accelerate the fulfillment of expectations.
Huahong Hongli (01347) received a net purchase of HK$81.9 million, while SMIC (00981) received a net sale of HK$184 million. According to SDIC Securities, from 2026 to 2030, global wafer manufacturing capacity will enter a new structural long-term boom cycle. The storage sector is driven by the demand for high bandwidth and high-capacity storage of AI servers and end-side devices. The compound growth rate of DRAM and NAND production capacity is expected to be 15.72% and 11.46%, respectively; the compound growth rate of production capacity in the logic foundry sector is about 5.87%. TSMC relies on advanced manufacturing processes to maintain a leading position, and local foundries such as SMIC continue to consolidate the production capacity base in mature processes.
AI hardware stocks diverged. Cambridge Technology (06166) received a net purchase of HK$134 million, while Jiantao Laminate (01888), Changfei Optical Cable (06869), and Zhongji Xuchuang (03308) were net sold for 9.81 million, 137 million, and HK$183 million respectively. Nvidia announced on Thursday that Wong In-hoon will resign as president, CEO and board member, with immediate effect. There are voices that believe that this personnel turmoil will affect computing power hardware vendors such as optical modules, high-speed connectors, servers, and PCBs that are deeply bound to Nvidia.
Alibaba-W (09988) had a net sale of HK$1,889 billion. New York shorting agency Culper Research said earlier that Singapore-based Megaspeed used Southeast Asian intermediaries to obtain advanced Nvidia chips to circumvent US trade restrictions, and that Alibaba suspected that it had provided Megaspeed with billions of dollars to purchase these chips. UBS indicated that the short-term sentiment of the market towards Alibaba is negative, but the bank believes that the relevant impact may be overestimated.
Additionally, China Mobile (00941) had a net sale of HK$71.82 million.