Beishui Trends | Beishui made a net purchase of 5,039 billion yuan, and Beishui continued to grab technology network stocks and big models to sell AI hardware stocks throughout the day

The Zhitong Finance App learned that on July 16, in the Hong Kong stock market, Beishui traded a net purchase of HK$5,039 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$2,001 billion, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$3,038 billion.

The individual stocks that Beishui Net bought the most were Alibaba-W (09988), Zhiguo (02513), and Tencent (00700). The individual stocks sold the most by Beishui Net were Jiantao Laminated Board (01888), Changfei Optical Fiber Cable (06869), and Huahong Hongli (01347).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Alibaba-W (09988) received a net purchase of HK$2,833 billion. According to the Science and Technology Innovation Board Daily, Ali Qianwen will be integrated as an AI capability into Apple Intelligence, and the Bank of China's Apple Intelligence has completed the filing. Fu Rui said that this news has many positive implications for Ali, including affirming Qianwen's model ability, which has comprehensive model choices to meet the needs of different users; increasing the popularity of Qianwen in the international market; Ali has complete cloud infrastructure to provide service experience and cost performance; and with successful cooperation with Apple, the adoption rate and usage of the Qianwen model on the edge and cloud is expected to increase further.

Smart Spectrum (02513) received a net purchase of HK$1.79 billion. Tang Jie, founder of Smart Spectrum, announced a strategic plan called “Touch High” (Touch High) to continue to focus on AGI research rather than short-term commercial monetization. Western Securities believes that recently, large domestic model companies such as DeepSeek, Kimi, Smart Spectrum, and MiniMax have launched financing one after another. As the computing power infrastructure is strengthened after the financing is completed, the iteration speed of domestic big models may accelerate.

Tencent (00700) received a net purchase of HK$1,179 million. On July 6, Tencent Hybrid Hy3 was officially released, improving performance in many ways compared to the preview version. As of July 15, the total call volume of Tencent's hybrid model Hy3 has increased 68 times compared to the previous generation model (Hy2). A week after its release, HY3 ranked first in the OpenRouter global ranking of large model calls.

Kuaishou-W (01024) received a net purchase of HK$649 million. Hong Kong Stock Exchange documents revealed that on July 15, Kuaishou repurchased 445 million shares, with a repurchase amount of HK$1987,600, and it was the third day in a row that the company carried out stock repurchase operations. Kuaishou has carried out a total of 34 repurchases during the year, totaling 42,1946 million shares, with a cumulative repurchase amount of HK$1,920 billion. Furthermore, BlackRock's shareholding ratio increased from 4.71% to 5.29% on July 9.

Meituan-W (03690) received a net purchase of HK$294 million. On July 6, Meituan announced the official open source of all LongCat-2.0 model weights, inference engines and core technical documentation. Citigroup released a research report saying that Meituan officially opened up the trillion parameter model LongCat-2.0. It is believed that this strategic move will further strengthen its leading position in the local lifestyle services market. The model's advanced Agentic architecture will improve internal R&D efficiency and attract external developers. Maintain Meituan's “buy” rating and target price of HK$113.

Lanqi Technology (06809) had a net sale of HK$144 million. On July 15, the South Korean prosecution raided the Korean offices of three semiconductor companies, including Lanqi Technology, to investigate suspected semiconductor component price manipulation. According to a report by the Science and Technology Innovation Board Daily, staff at the board office of Lanqi Technology responded to reporters today that the incident happened yesterday. The company is currently understanding the relevant situation. The company has always operated in compliance and will actively cooperate with the investigation. Currently, the company is operating normally.

Beishui Capital sells AI hardware stocks. SMIC (00981), Huahong Hongli (01347), Changfei Optical Fiber Cable (06869), and Jiantao Laminate (01888) were net sold at HK$173 million, $181 million, $211 million, and HK$1,172 million respectively. On Tuesday, New York Governor Kathy Hawchu signed an executive order prohibiting the construction of large data centers using 50 megawatts or more of electricity within a year. The state was the first in the US to implement such a ban. Shen Wan Hongyuan previously pointed out in a research report that the constraints that AI investment may face include power grid bottlenecks, equipment shortages, and residents' objections to data center construction, which may cause investment projects to be postponed or even cancelled.