Beishui Trends | Beishui Transactions made a net purchase of 1.48 billion yuan to raise Yingfu Fund (02,800) over HK$2.6 billion

The Zhitong Finance App learned that on December 4, the Hong Kong Stock Exchange had a net purchase of HK$1.48 billion, of which the Hong Kong Stock Connect (Shanghai) transaction had net sales of HK$1 billion and the Hong Kong Stock Connect (Shenzhen) transaction had a net purchase of HK$2,481 billion.

The individual stocks that Beishui Net bought the most were Yingfu Fund (02800), Pharmaceutical Biotech (02269), and Xiaomi Group-W (01810). The individual stocks sold the most by Beishui Net were Tencent (00700), SMIC (00981), and Sanhua Intelligent Control (02050).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Yingfu Fund (02800) received a net purchase of HK$2,655 billion. According to the news, CICC believes that before the major meeting between China and the US, whether US easing expectations continue to ferment or China's incremental policy expectations rise, it may support risk asset performance. It suggests maintaining an overallocation of Chinese stocks before the meeting, a more balanced style, and choosing the style sector according to the policy situation after the meeting.

Pharmaceutical Biotech (02269) received a net purchase of HK$315 million. According to the news, SPDB International stated that it is optimistic about the CXO sector in 2026, mainly because the overseas biomedical investment and financing boom is expected to increase significantly in the new round of interest rate cuts, leading CXO companies in 2025 showed an excellent growth rate of new orders, and the continued decline in the viability of biosafety laws, making it difficult to implement.

Xiaomi Group-W (01810) received a net purchase of HK$231 million. According to the news, Xiaomi Group President Lu Weibing recently said, “We have already begun to invest heavily in the AI field in the first few quarters. Although not much can be revealed right now, progress in AI models and applications has far exceeded expectations.” Furthermore, according to Xiaomi's announcement, the company has repurchased 4 consecutive days since November 28, with a total repurchase of 27 million shares, with a cumulative repurchase amount of HK$1,093 billion.

Chip stocks diverged again. Huahong Semiconductor (01347) received a net purchase of HK$53.63 million, while SMIC (00981) received a net sale of HK$458 million. According to the news, Shanghai Securities released a research report saying that the global foundry industry's revenue is expected to increase by 22.1% year on year in 2025, and AI and electric vehicles may continue to help the market grow in 2026. CITIC Securities, on the other hand, said that the localization rate of AI chips in China is expected to rise from 30-40% in 2025 to 60-70% in 2030.

CNOOC (00883) received a net purchase of HK$3.07 million. According to the news, CNOOC said that the 11-4 oil field adjustment and surrounding area development project in the Beibu Gulf Basin of the South China Sea is expected to produce a peak production of about 16,900 barrels of oil equivalent per day in 2026. Furthermore, Everbright Securities pointed out that OPEC+'s suspension of production increases is expected to improve the excess supply and demand of crude oil, and is concerned about changes in demand expectations in 2026.

Preferred Choice (09880) received a net purchase of HK$9.54 million. According to the news, Preferred Choice announced that it has recently signed a strategic cooperation framework agreement with Zhuoshi Technology. The two sides will focus on the core direction of “industry model+embodied intelligence”, plan to deploy 10,000 robots within the next 5 years, and jointly expand the execution of multi-billion commercial orders to jointly promote the application of large-scale industry model+humanoid robots in various fields.

Additionally, Xiaopeng Automobile-W (09868) and Meituan-W (03690) received net purchases of HK$102 million and HK$8.56 million respectively. Meanwhile, Tencent (00700) and Sanhua Intelligent Control (02050) were net sold at HK$1,345 billion and HK$56.57 million respectively.