Beishui Trends | Beishui's net purchase was 18.723 billion, and the game broke the circle overseas, and Beishui rushed to raise funds (01024) over HK$1.5 billion

The Zhitong Finance App learned that on January 5, the Hong Kong Stock Exchange had a net purchase of HK$18.723 billion, of which the Hong Kong Stock Connect (Shanghai) transaction made a net purchase of HK$9.809 billion and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$8.914 billion.

The individual stocks that Beishui Net bought the most were Yingfu Fund (02800), Kuaishou-W (01024), and Xiaomi Group-W (01810). The individual stocks sold the most by Beishui Net were Tencent (00700) and China Mobile (00941).

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$6.825 billion. According to the news, the League of Nations Minsheng Securities believes that in 2026, especially in the first half of the year, the weak recovery of the domestic economy, unfinished easing by the Federal Reserve, and the continuation of industrial catalysis will still be beneficial to Hong Kong stocks. At the capital level, southbound capital still has incremental room of HK$630 billion to HK$105 billion in 2026. Among them, passive index funds and insurance capital have relatively more room; in terms of foreign investment, as economic recovery continues and corporate profit expectations improve, the structural return of foreign capital may continue in 2026.

Kuaishou-W (01024) received a net purchase of HK$1,555 billion. According to the news, according to Everbright Securities, thanks to the widespread spread of the “Motion Control” gameplay on social media in South Korea, Russia, etc., and the promotion of member promotions, Keling's daily flow rate reached 2.5 times the average in mid-December 2025 on January 3, 2026. Huafu Securities released a research report saying that the iteration of Keling's AI functions has further improved the commercial space.

Xiaomi Group-W (01810) received a net purchase of HK$1,018 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. As the first SUV model, the YU7 performed well, delivering more than 150,000 units in half a year, which is 2.3 times the amount delivered by the SU7 during the same period.

Beishui added to chip stocks, and SMIC (00981) and Huahong Semiconductor (01347) received net purchases of HK$360 million and HK$322 million respectively. According to the news, according to a report by the Shanghai Securities News, SMIC and others have recently issued price increase notices to downstream customers. This price increase is mainly focused on the 8-inch BCD process platform, and the price increase is around 10%. Galaxy Securities pointed out that in December, semiconductors entered 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.

CNOOC (00883) received a net purchase of HK$328 million. According to the news, Bank of China International published a research report saying that the US military quickly captured Venezuelan President Nicolas Maduro, and Trump urged American oil companies to increase investment in the Venezuelan oil industry. The bank believes that Trump's remarks have a negative impact on oil prices. Since Venezuela's oil production may double to 2 million barrels per day due to investment and time, oil prices may fall as a result in the near future, but it believes that the price of WTI crude oil will not fall below 50 US dollars per barrel for a long time.

Nanjing Panda Electronics Co., Ltd. (00553) received a net purchase of HK$105 million. According to reports, Musk recently stated on social media that his brain-computer interface company Neuralink will begin “large-scale production” of brain-computer interface devices in 2026. Open Source Securities emphasized in its latest research report that the brain-computer interface industry is currently preparing for high growth where the three major driving forces of technological breakthroughs, policy support, and robot ecosystem collaboration resonate.

China Life (02628) received a net purchase of HK$245 million. According to the news, data from the State Financial Supervisory Administration shows that in the first 11 months of 2025, the insurance industry achieved a total premium income of 5762.9 billion yuan, an increase of 7.6% over the previous year. Among them, personal insurance companies achieved premium income of 4147.2 billion yuan, an increase of 9.1% over the previous year; financial insurance companies achieved premium income of 1615.7 billion yuan, an increase of 3.9% over the previous year. Dongwu Securities stated that it is optimistic about a “good start” in 2026. Insurance operations have significant procyclical characteristics. In the future, as the economy recovers, both the debt side and the investment side will improve significantly.

Additionally, Meituan-W (03690) and Alibaba-W (09988) received net purchases of HK$279 million and HK$272 million respectively. Meanwhile, Tencent (00700) and China Mobile (00941) had net sales of HK$918 million and HK$406 million respectively.