Beishui Trends | Beishui Transactions made a net purchase of 2,879 billion yuan in domestic capital to raise large financial sectors, and China Ping An (02318) surpassed HK$1.8 billion throughout the day

The Zhitong Finance App learned that on January 6, the Hong Kong Stock Exchange had a net purchase of HK$2,879 million, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$975 million and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$1,903 million.

The individual stocks that Beishui Net bought the most were Ping An of China (02318), Alibaba-W (09988), and China Life Insurance (02628). The individual stocks sold the most by Beishui Net were China Mobile (00941), Tencent (00700), and Huahong Semiconductor (01347).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Beishui is rushing to raise large financial sectors. Ping An of China (02318), China Life (02628), and CICC (03908) received net purchases of $1.84 billion, HK$588 million, and HK$185 million respectively. According to the news, Guojin Securities released a research report stating that the continuation of a good start in 2026 is an important support for the continuation of this round of insurance market. Judging from the debt side outlook, deposit moving is expected to drive positive double-digit growth in new orders and NBV. Interest spreads will continue to improve, and dividend insurance transformation will further increase the market share of the industry. The bank also said that it is recommended to continue to focus on opportunities for undervalued brokerage firms to make up for growth under the volatile market in spring, strongly recommend high-quality brokerage firms with a high degree of mismatch in valuation and performance, and recommend focusing on brokerage firms with high AH premium rates and mergers and acquisitions themes.

Alibaba-W (09988) received a net purchase of HK$1,619 billion. According to the news, it is reported that Gaode, a subsidiary of Ali, has laid out a world model and plans to launch a new product application based on the world model. Zheshang Securities pointed out that Alibaba, as the leading cloud platform company with a full stack of card AI in China, is booming in the cloud business+high certainty of increasing profit margins in the medium term, which will lead to an increase in valuation.

Xiaomi Group-W (01810) received a net purchase of HK$496 million. According to the news, Xiaomi Group Chairman Lei Jun revealed during the first live broadcast of the new year that Xiaomi's annual delivery target for 2026 is 550,000 vehicles, and the delivery volume in 2025 exceeds 410,000 vehicles, exceeding the original plan of 300,000 vehicles. According to Lei Jun, the Xiaomi car factory has delivered 500,000 vehicles in about 20 months since it was put into operation; in December alone, it delivered the first 50,000 vehicles in a single month.

Kuaishou-W (01024) received a net purchase of HK$234 million. Komo released a research report saying that in January of this year, the average daily revenue of Keling AI on mobile platforms had increased by 102% compared to the previous month. Although the bank expects Keling AI's actual revenue growth in the first quarter of this year to be less significant, since most of its revenue still comes from PC platforms, that is, enterprises and professional users, it has proven that AI video generation is still a key vertical field in generative AI development. It also reflects that industry leaders such as Keling AI have a lot of room for monetization not only on the enterprise side but also on the consumer side.

Goldwind Technology (02208) received a net purchase of HK$170 million. According to the news, recently, the Blue Rocket Aerospace Science and Technology Innovation Board's IPO review status was changed to “accepted”. The company plans to finance 7.5 billion yuan, which is expected to become the “first commercial aerospace stock.” Goldwind Technology said on the interactive platform that the company holds 14.9084 million shares of Blue Rocket Aerospace through its wholly-owned subsidiary, corresponding to 4.1412% of the shares.

Chip stocks diverged. SMIC (00981) received a net purchase of HK$22.4 million, while Huahong Semiconductor (01347) received a net sale of HK$208 million. According to the news, Galaxy Securities pointed out that in December, semiconductors emerged from a round of structured markets, driven by a wave of price increases in the industrial chain, continued demand for AI, and the strengthening of domestic substitution logic. In the context of the external environment, supply chain security and autonomy are long-term trends. Upstream equipment and materials may have the hardest logic under domestic replacement top-level design.

In addition, Cathay Pacific Junan International (01788) and Meituan-W (03690) received net purchases of HK$209 million and HK$70.55 million respectively. Meanwhile, China Mobile (00941), Tencent (00700), and CNOOC (00883) received net sales of 884 million, 803 million, and HK$40.78 million respectively.