North Water Trends | Beishui sold a net purchase of 4.551 billion, and Beishui continued to increase its inventory of Xiaomi (01810) with a net purchase of nearly HK$2.5 billion so far this week

The Zhitong Finance App learned that in the Hong Kong stock market on September 10, Beishui traded a net purchase of HK$4.551 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$4.260 billion, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$291 million.

The individual stocks that Beishui Net bought the most were Tencent Holdings (00700), Changfei Optical Fiber Cable (06869), and CNOOC (00883). The individual stocks sold the most by Beishui Net were SMIC (00981), Cinda Biotech (01801), and Alibaba-W (09988).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Tencent (00700) received a net purchase of HK$721 million, while Alibaba-W (09988) received a net sale of HK$411 million. According to reports, DeepSeek selected CITIC Securities to promote the Science and Technology Innovation Board IPO and plans to launch the listing process within the year. Furthermore, DeepSeek lowered the price of the Flash lightweight model. Morgan Stanley believes that although the price competition for the Flash model may intensify, gross margin is still critical. The bank therefore did not expect an undisciplined price war.

Changfei Optical Fiber Cable (06869) and Cambridge Technology (06166) received net purchases of HK$407 million and HK$130 million respectively. The 27th China International Optoelectronic Expo (CIOE) was held at the Shenzhen International Convention and Exhibition Center. The exhibition will focus on showcasing cutting-edge solutions such as 1.6T high-speed pluggable optical modules, CPO/NPO co-packaged optics, and MPO high-speed optical connectors. Additionally, Corning announced that it has signed a multi-year supply agreement with US telecom giant Verizon that will last until 2032 and is worth several billion dollars.

CNOOC (00883) received a net purchase of HK$227 million. J.P. Morgan said that the Strait of Hormuz is difficult to fully recover, and oil prices still require high risk premiums. J.P. Morgan observed that European oil stocks were clearly bought after the June agreement was reached, but capital inflows have been scattered since then. Investors are worried that if news of a cease-fire or diplomatic breakthrough suddenly appears, oil prices and energy stocks may fall rapidly.

Xiaomi Group-W (01810) received another net purchase of HK$211 million. The cumulative net purchase amount so far this week is close to HK$2.5 billion. Xiaomi recently launched four new models in the Pengcheng series. The number of locked vehicles exceeded 10,000 vehicles within four minutes of release. Yamato released a research report saying that the Pengcheng series will be different from the driver-focused SU7 and YU7 pure electric vehicle series. Yamato currently rates Xiaomi's investment as a “buy.” Furthermore, the Xiaomi 18 Fold uses domestic LPDDR6 memory, which is an important step in the widespread application of domestic semiconductor technology in China.

Cinda Biotech (01801) had a net sale of HK$472 million. The 2026 national talks have concluded on-site negotiations and price negotiations, and the waiting period for the results has officially entered. Whether it is the major variety pattern that has already been negotiated at the basic health insurance level or the commercial insurance catalogue list finalized on the same day, the results will affect the domestic market competition pattern and payment system trend for innovative drugs in the coming year. According to the arrangement, the new version of the National Basic Medical Insurance Drug Catalogue and the Commercial Insurance Innovative Drug Catalogue are expected to be officially announced in November and implemented uniformly from January 1, 2027.

In addition, Jiantao Laminate (01888) and SMIC (00981) received net sales of HK$9.68 million and HK$806 million respectively.