Beishui Trends | Beishui's net purchase of 82 million Xiaopeng (09868) was approved for L3 autonomous driving road test license, and Beishui increased its position by more than HK$300 million throughout the day

The Zhitong Finance App learned that on December 16, the Hong Kong Stock Exchange had a net purchase of HK$82 million, of which the Hong Kong Stock Connect (Shanghai) transaction had a net sale of HK$1,106 billion, and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$1,188 million.

The individual stocks that Beishui Net bought the most were Xiaomi Group-W (01810), Xiaopeng Automobile-W (09868), and Tencent (00700). The individual stocks sold the most by Beishui Net were Alibaba-W (09988), China Mobile (00941), and SMIC (00981).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Xiaomi Group-W (01810) received a net purchase of HK$633 million. According to the news, the first phase of the Wuhan Xiaomi Smart Home Appliance Factory, the first phase of Xiaomi's major appliance factory, was officially completed and put into operation. The factory is another key milestone in Xiaomi's home appliance strategy. It is the third large-scale intelligent manufacturing base under Xiaomi's “Full Ecosystem for People and Cars” strategy after Xiaomi's smart phone factory and automobile gigafactory.

Xiaopeng Motor-W (09868) received a net purchase of HK$3.45. According to the news, according to First Financial Report, Xiaopeng Motor has obtained an L3 autonomous road test license in Guangzhou and has begun normalized L3 road tests. The license is mainly used to test conditional autonomous driving on the Guangzhou Intelligent Connected Vehicle Test Expressway. Xiaopeng Motors Vice President @托马斯电火车今日在微博发文透露: “Looking forward to the surprises of the first quarter of next year. Get on the bus in full. In fact, some people can officially experience this version even earlier.”

Technet stocks were clearly divided, with Tencent (00700) and Meituan-W (03690) receiving net purchases of HK$195 million and HK$177 million respectively. Meanwhile, Alibaba-W (09988) had a net sale of HK$631 million. According to the news, according to a report by brokerage China, in the afternoon, a message “involving the tax determination of relevant high-tech companies” was circulating among brokerage researchers, causing market fluctuations. Although this rumor has yet to receive official endorsement, the market has begun to price it. However, the market often prices such events on a one-off basis, and the corresponding factors are also variable. If things were to reverse, it would inevitably trigger a major counterattack. Some brokerage researchers said that they are only becoming stricter, not one-size-fits-all.

Changfei Optical Fiber Cable (06869) had a net sale of HK$102 million. According to the news, the market was previously concerned that Oracle was rumored to be delaying the OpenAI data center construction project. Although the company has recently clarified that the project will proceed according to plan, the sentiment of the relevant individual stocks is still affected. Changfei Optical Fiber Cable previously announced that the company will issue 70 million new H shares. The estimated net proceeds are about HK$2,229 billion, and about 80% will be used to develop the company's overseas business.

Petroleum stocks were sold off, and CNOOC (00883) and CNPC (00857) had net sales of HK$332 million and HK$330 million respectively. According to the news, US President Trump said that he had very successful conversations with European leaders and is now closer than ever to reaching peace between Russia and Ukraine, and the market is beginning to weigh changes in oil supply after the Russian-Ukrainian conflict ended. Brent crude oil fell below the $60 mark in the intraday period, the first time since May.

SMIC (00981) had a net sale of HK$459 million. According to the news, Trump recently announced that he will allow Nvidia to export its H200 artificial intelligence chips to “approved customers”, including China, on the condition that the US government will receive a 25% share of these sales. Donghai Securities said that this move may speed up the AI model training process in China. On the other hand, it may put pressure on domestic AI chip manufacturers to expand the market and build an ecosystem in the short term.

In addition, China Life Insurance (02628) and China Mobile (00941) received net sales of HK$123 million and HK$460 million respectively.