Southbound Capital Buys for Fifth Week; Tencent Gets Net Inflow of HK$1.695 Billion
Southbound capital through the Hong Kong Stock Connect program recorded a net buy of HK$23.113 billion for the week of September 21-25, marking the fifth consecutive week of net inflows, despite a decline in major Hong Kong indices. Tencent Holdings led with a net buy of HK$1.695 billion, pushing its Stock Connect holdings to a four-month high of 1.08 billion shares. Alibaba-W also saw net buying. The PCB sector strengthened after multiple manufacturers announced price increases.
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Tencent Holdings, a nearly 4 trillion HKD tech giant, sees large net buying from southbound capital
This article reports on Hong Kong stock market activity for the week of September 21-25, during which major indices fell but southbound capital (funds from mainland China) recorded a net buy of 231.13 billion HKD, marking five consecutive weeks of net buying. Tencent Holdings was the most actively traded stock on the Connect program, with a total turnover of 286.9 billion HKD and net buying of 16.95 billion HKD. Its Hong Kong Stock Connect shareholding reached a four-month high of 1.08 billion shares. Other internet giants like Alibaba-W also saw net buying. The article highlights the PCB (printed circuit board) sector's strength, driven by price increases from manufacturers like Hongruixing and a Shanghai Securities research report predicting long-term demand for high-end PCBs due to AI hardware upgrades. Additionally, 15 stocks saw a more than 10% increase in southbound capital shareholding, led by Tianshu Zhixin, which released a new AI model.
Read sourceSouthbound Capital Buys for Fifth Week; Tencent Gets Net Inflow of 1.695 Billion HKD
Southbound capital through the Stock Connect program recorded a net buy of 23.113 billion HKD for the week of September 21-25, marking the fifth consecutive week of net inflows, despite a decline in Hong Kong's major stock indices. Tencent Holdings led the active stocks with a total turnover of 28.69 billion HKD and a net buy of 1.695 billion HKD, with its Stock Connect holdings reaching a four-month high. Alibaba-W also saw a net buy of 1.24 billion HKD. The article highlights AI-related developments: Tencent's WorkBuddy app integrated into ASUS PCs, Alibaba's DAMO EAGLE AI model for esophageal cancer screening, and Tianshu Zhixin's new Xing4.0 large model. The PCB sector showed strength, driven by price hikes from manufacturers like Hongruixing Technology and a Shanghai Securities forecast that AI server hardware upgrades will sustain long-term demand for high-end PCBs. Additionally, 15 stocks saw southbound capital holdings increase over 10%, led by Tianshu Zhixin with a 217.19% rise.
Read sourceSouthbound Capital Buys for Fifth Week; Tencent Gets HK$1.695 Billion Net Inflow
Southbound capital through the Hong Kong Stock Connect program recorded a net buy of HK$23.113 billion for the week of September 21-25, marking the fifth consecutive week of net inflows, according to data from Securities Times. Despite a broad market decline, with the Hang Seng Index falling 0.97%, Tencent Holdings led the active stocks with a total turnover of HK$28.69 billion and a net buy of HK$1.695 billion. Its Hong Kong Stock Connect shareholding reached a four-month high of 1.08 billion shares. Alibaba-W also saw a net buy of HK$1.24 billion. On the sell side, Kingboard Laminates and Kingboard Group recorded net sells of HK$1.618 billion and HK$352 million respectively. Among individual stocks, 15 saw southbound capital holdings increase over 10% week-on-week, led by Tianshu Zhixin with a 217.19% surge. The PCB sector showed strength, with several stocks rising over 8%, driven by price hike announcements from manufacturers including Jiangxi Hongruixing Technology. Shanghai Securities forecast that hardware architecture innovation, exemplified by Nvidia's Vera Rubin platform, will support long-term demand for high-end PCB markets.
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Tencent Holdings Leads Southbound Capital Inflows as Hong Kong Market Dips
This article from Tonghuashun Finance reports on southbound capital flows into Hong Kong stocks for the week of September 21-25. Despite a decline in major Hong Kong indices (Hang Seng Index down 0.97%, Hang Seng Tech Index down 2.13%), southbound capital recorded a net buy of 231.13 billion HKD, marking five consecutive weeks of net buying. Tencent Holdings (HK0700) was the most actively traded stock with a total turnover of 286.9 billion HKD and received a net buy of 16.95 billion HKD, pushing its southbound shareholding to a four-month high. Other internet giants like Alibaba-W (HK9988) and Xiaomi Group-W (HK1810) also saw net buying. The article highlights 15 stocks with over 10% growth in southbound holdings, led by Tianshu Zhixin (HK9903) with a 217.19% increase. It also notes a strong performance in the PCB sector, driven by price hikes from manufacturers like Jianchao Jicengban (HK1888) and a Shanghai Securities research report forecasting sustained demand for high-end PCBs due to AI server hardware upgrades. Additionally, Alibaba's DAMO Academy released an AI model for esophageal cancer screening, and Tianshu Zhixin launched a new large language model.
Read sourceSouthbound Capital Inflows Continue for Five Weeks; Tech Giant Tencent Sees Major Net Buying
According to a report by Securities Times citing data from DataBao, southbound capital through the Hong Kong Stock Connect has maintained net inflows for five consecutive weeks, with a total net purchase of 23.113 billion HKD for the week of September 21-25. This occurred despite a decline in major Hong Kong stock indices, with the Hang Seng Index falling 0.97% and the Hang Seng Tech Index dropping 2.13%. Tencent Holdings was the top stock by total trading volume on the active stock list, reaching 28.69 billion HKD, and received a net purchase of 1.695 billion HKD from southbound funds. Its Hong Kong Stock Connect shareholding reached 1.08 billion shares, the highest since May. Other internet tech giants like Alibaba-W and Xiaomi-W also saw net buying. In contrast, Kingboard Laminates and Kingboard Group saw net selling. The PCB sector showed strength, with several stocks rising significantly after multiple companies, including Jiangxi Hongruixing Technology, announced price increases for copper-clad laminates and prepreg. Shanghai Securities research report forecasts that hardware architecture innovation, driven by new platforms like Nvidia Vera Rubin, will expand the high-end PCB market, supported by increased capital expenditure from overseas cloud providers. Additionally, 15 stocks saw a sequential increase of over 10% in southbound fund holdings, led by Tianshu Zhixin with a 217.19% increase.
Read sourceTencent Holdings Sees Record Southbound Fund Inflows, Market Cap Nears 4 Trillion HKD
This article reports on Southbound capital flows into Hong Kong-listed stocks during the week of September 21-25. Despite a broad market decline, Southbound funds recorded a net buy of 231.13 billion HKD, marking five consecutive weeks of net buying. Tencent Holdings was the top stock by trading volume and net buy, receiving 16.95 billion HKD in net purchases, pushing its Hong Kong Stock Connect holdings to a four-month high. Its market capitalization is nearly 4 trillion HKD. Other major internet tech stocks like Alibaba and Xiaomi also saw net buying. The article also highlights strong performance in the PCB sector, driven by price increases from manufacturers like Hongruixing and Jian Tao. A Shanghai Securities research report forecasts that hardware architecture innovations, such as Nvidia's Vera Rubin platform, will support long-term demand for high-end PCBs. Additionally, the article notes significant increases in Southbound fund holdings for stocks like Tianshu Zhixin, which released a new AI model, and Yihuatong, a fuel cell company.
Read sourceTencent Holdings Net Bought by Southbound Capital, Hong Kong Stock Connect Holdings Hit 4-Month High
This article reports on Hong Kong stock market activity for the week of September 21-25, during which major indices fell but southbound capital (funds flowing from mainland China into Hong Kong) recorded a net buy of 231.13 billion HKD, marking five consecutive weeks of net buying. Tencent Holdings was the most actively traded stock on the Hong Kong Stock Connect list, with a total turnover of 286.9 billion HKD and a net buy of 16.95 billion HKD. Its Hong Kong Stock Connect holdings reached 1.08 billion shares, the highest since May. The stock rose over 4% for the week, with a market value near 4 trillion HKD. Other internet giants like Alibaba-W and Xiaomi-W also saw net buying. Separately, PCB-related stocks rose sharply after several manufacturers, including Hongruixing Technology, announced price increases for copper-clad laminates and prepreg. A Shanghai Securities research report attributed the strength to hardware architecture innovations driven by new AI server platforms like Nvidia's Vera Rubin, which are expected to sustain demand for high-end PCBs. The article also highlights 15 stocks with over 10% growth in southbound capital holdings, led by Tianshu Zhixin, and notes that Yihuatong's fuel cell system sales grew 32.83% year-on-year in the first half of 2026.
Southbound capital flows into Hong Kong stocks for five consecutive weeks; Tencent receives large net purchases
According to a report by Securities Times·Data Treasure, southbound capital (funds flowing from mainland China into Hong Kong via the Stock Connect program) recorded a net purchase of 23.113 billion HKD for the week of September 21-25, marking the fifth consecutive week of net inflows. This occurred despite a decline in major Hong Kong stock indices, with the Hang Seng Index falling 0.97% and the Hang Seng Tech Index dropping 2.13%. Among actively traded stocks, Tencent Holdings received the highest net purchase of 1.695 billion HKD, with its Hong Kong Stock Connect shareholding reaching a four-month high. Alibaba-W also saw a net purchase of 1.24 billion HKD. The article notes that several PCB (printed circuit board) stocks rose significantly during the week, driven by price increases from覆铜板 (copper-clad laminate) manufacturers and a Shanghai Securities research report forecasting that hardware architecture innovation, exemplified by Nvidia's Vera Rubin platform, will open incremental space for the high-end PCB market, supported by increased computing investment from major cloud providers. Additionally, 15 stocks saw a sequential increase of over 10% in southbound capital shareholding, led by Tianshu Zhixin (up 217.19%).
Read sourceSouthbound Funds Net Buy for Fifth Week; Tencent Holdings Gets 1.695 Billion HKD Inflow
According to a report by Securities Times Data Treasure on September 27, southbound funds recorded a net buy of 23.113 billion HKD for the week of September 21-25, marking the fifth consecutive week of net inflows. During this period, 18 stocks appeared on the active trading list. Tencent Holdings had the highest total turnover on the Hong Kong Stock Connect, reaching 28.69 billion HKD, followed by Zhipu with 21.141 billion HKD. Other stocks with turnover exceeding 10 billion HKD included Alibaba-W, Yangtze Optical Fibre and Cable, and Kingboard Laminates. In terms of net buying, Tencent Holdings received a net inflow of 1.695 billion HKD from southbound funds. The report indicates that southbound funds focused on buying internet technology giants, with Alibaba-W net bought 1.24 billion HKD and Xiaomi Group-W net bought 64 million HKD. Conversely, Kingboard Laminates and Kingboard Group saw net selling of 1.618 billion HKD and 352 million HKD, respectively. Regarding shareholding changes, 15 stocks saw a sequential increase of over 10% in southbound fund holdings (excluding stocks newly added to the Stock Connect in September). Tianshu Zhixin led with a 217.19% increase, followed by Health 160, Dajin Heavy Industry, and Jin Fang Yi Yao-B with increases of 121.38%, 30.21%, and 26.36%, respectively.
Tencent Shares See Heavy Southbound Net Buying, Hong Kong Stock Connect Holdings Hit 4-Month High
This article reports that during the week of September 21-25, Hong Kong stock indices fell, with the Hang Seng Index down 0.97% and the Hang Seng Tech Index down 2.13%. Despite the market decline, southbound capital (investors from mainland China via the Stock Connect program) recorded a net buy of 231.13 billion Hong Kong dollars for the fifth consecutive week. Tencent Holdings was the most actively traded stock, with a total turnover of 286.9 billion Hong Kong dollars via the Stock Connect, and received a net buy of 16.95 billion Hong Kong dollars. Tencent's Hong Kong Stock Connect holdings reached 1.08 billion shares, the highest since May. Other internet giants like Alibaba-W and Xiaomi-W also saw net buying. The article also notes that PCB-related stocks rose sharply after price hike announcements by several copper-clad laminate manufacturers. A Shanghai Securities research report forecasts that hardware architecture innovation will expand the high-end PCB market, supported by AI server demand. Additionally, 15 stocks saw a more than 10% increase in southbound capital holdings, led by Tianshu Zhixin, which released a new AI model.
Read sourceSouthbound Funds Net Buy 231 Billion HKD; Tencent Holdings Hits 4-Month High in Holdings
This article from Tonghuashun Finance reports on southbound capital flows into Hong Kong stocks for the week of September 21-25. Despite a decline in major Hong Kong indices, southbound funds recorded a net buy of 231.13 billion HKD, marking five consecutive weeks of net buying. Tencent Holdings (HK0700) saw the highest trading volume at 286.9 billion HKD and a net buy of 16.95 billion HKD, with its stock holdings reaching a 4-month high. Other internet giants like Alibaba-W (HK9988) and Xiaomi Group-W (HK1810) also saw net buying. The article highlights 15 stocks with over 10% growth in southbound holdings, led by Tianshu Zhixin (HK9903) with a 217.19% increase. The PCB sector showed strength, with stocks like Kingboard Laminates (HK1888) rising 10.93% after multiple companies raised product prices. A Shanghai Securities research report attributes the PCB market's long-term support to AI server hardware upgrades driven by new platforms like Nvidia's Vera Rubin. The article also notes Alibaba's AI model for esophageal cancer screening and Tianshu Zhixin's new large language model.
Read sourceSouthbound Capital Buys for Fifth Week; Tencent Gets Net Inflow of HK$1.695 Billion
According to a report by Securities Times citing data from Data Bao, southbound capital through the Stock Connect program recorded a net buy of HK$23.113 billion for the week of September 21-25, marking the fifth consecutive week of net buying. Among the 18 stocks on the active trading list, Tencent Holdings had the highest total turnover on the Hong Kong Stock Connect at HK$28.69 billion, followed by Zhipu at HK$21.141 billion. Alibaba-W, Yangtze Optical Fibre and Cable, and Kingboard Laminates each saw turnover exceeding HK$10 billion. In terms of net buying, Tencent Holdings received a net inflow of HK$1.695 billion from southbound capital. The report notes that southbound funds focused on buying internet technology giants, with Alibaba-W net bought HK$1.24 billion and Xiaomi Group-W net bought HK$64 million. Conversely, Kingboard Laminates and Kingboard Group saw net selling of HK$1.618 billion and HK$352 million, respectively. Additionally, 15 stocks saw a more than 10% increase in southbound capital holdings week-over-week, with Tianshu Zhixin leading at a 217.19% increase.
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