Beishui Trends | Beishui's net purchase of 3.72 billion Baidu (09888) was sought after by domestic investors after entering the market. Beishui raised more than HK$1.7 billion throughout the day

The Zhitong Finance App learned that on September 9, in the Hong Kong stock market, Beishui traded a net purchase of HK$3.72 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$2,817 million, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$904 million.

The individual stocks that Beishui Net bought the most were Baidu Group-W (09888), CNOOC (00883), and Alibaba-W (09988). The individual stocks sold the most by Beishui Net were Cinda Biotech (01801), Shiyao Group (01093), and Jiantao Laminate (01888).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Baidu Group-W (09888) received a net purchase of HK$1,734 billion. Baidu was officially included in the Hong Kong Stock Connect on September 7. Citi previously released a research report saying that if Baidu is approved to be included in the Hong Kong Stock Connect, it may become a key catalyst for attracting significant capital inflows and buying interest. According to a third party forecast, Baidu's net increase in southbound capital over the next 2 to 4 months may reach 6 billion US dollars, or 47 billion Hong Kong dollars.

CNOOC (00883) received a net purchase of HK$451 million. On September 9, Brent crude hit $100 per barrel for the first time since July 24. Bank of America analysts said that if the small-scale conflict limiting oil supply continues until the end of the year, the trading range for Brent crude oil may be between 95 and 120 US dollars per barrel. Meanwhile, if a wider conflict breaks out and major energy infrastructure is damaged, the price of oil could soar to as high as $150 per barrel.

Alibaba-W (09988) and Tencent (00700) received net purchases of HK$437 million and HK$265 million respectively. According to Jefferies, China's CSP capital expenditure in the second quarter was equivalent to 176% of cloud business revenue and 130% of the US industry; however, in the past four quarters, China was 111%, 8 percentage points lower than 119% of its US peers. This means that China's CSP capital expenditure intensity is still far lower than that of the US AI industry.

Xiaomi Group-W (01810) received a net purchase of HK$308 million. Morgan Stanley released a research report saying that the Xiaomi Group officially launched Pengcheng at the fall press conference and recorded a strong flow of new orders. Customer feedback was very strong, and the number of locked orders had exceeded 10,000 units within 4 minutes of release. Pengcheng is very hopeful for success, and it is expected that a strong flow of new orders will drive Xiaomi's electric vehicle shipments in the coming months.

Cinda Biotech (01801) and CSPC Pharmaceutical Group (01093) received net sales of HK$736 million and HK$351 million respectively. According to a report by the Financial Federation, at around 12:00 today, as the last company representative walked out of the National People's Congress Convention Center, on-site negotiations on the 2026 National Health Insurance Catalogue and the price negotiations on the commercial insurance innovative drug catalogue were officially completed. The last day of the national talks, this morning, was a commercial insurance innovative drug catalogue price negotiation. In total, representatives from more than 10 companies entered the venue. The first company only took about half an hour to leave the venue.

In addition, Cambridge Technology (06166) received a net purchase of 209 million yuan, while Changfei Optical Cable (06869), SMIC (00981), and Jiantao Laminate (01888) were net sold at HK$211 million, $225 million, and HK$292 million respectively.