Beishui Trends | Beishui Trading's net purchase of 11.031 billion, Beishui added Hong Kong stock ETFs and Technet stocks to raise Yingfu Fund (02,800) over HK$4.7 billion

The Zhitong Finance App learned that on August 3, in the Hong Kong stock market, Beishui traded a net purchase of HK$11.031 billion. Among them, Hong Kong Stock Connect (Shanghai) had a net purchase of HK$6.428 billion, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$4.603 billion.

The individual stocks that Beishui Net bought the most were Yingfu Fund (02800), Alibaba-W (09988), and Tencent (00700). The individual stocks sold the most by Beishui Net were SMIC (00981), Huahong Hongli (01347), and Jiantao Laminate (01888).

Hong Kong Stock Connect (Shanghai) active trading stocks

Hong Kong Stock Connect (Shenzhen) active trading stocks

Yingfu Fund (02800) and Southern Hang Seng Technology (03033) received net purchases of HK$4.749 billion and HK$317 million respectively. BOC International pointed out that the Hong Kong stock Hang Seng Index and Hang Seng Technology Index both bottomed out and rebounded in July after being adjusted in June. Benefiting from improved liquidity, valuation repairs, and profit improvements, there may be a basis for further upward movement in the future. The recommended configuration is a dumbbell structure with catalysts at both ends. One end is a highly elastic technology growth asset, and the other end is an asset benefiting from further inflation and steady cash flow.

Alibaba-W (09988) received a net purchase of HK$4.168 billion. Alibaba officially released the Qianwen 3.8-Max, with a total number of 2.4 trillion yuan and an activation parameter of 95B. It is the largest and most capable model of the Qianwen family so far. This is also the first time that Qianwen has open sourced a Max level model. Benchmarks showed that its programming and general intelligence capabilities were comparable to Anthropic Fable 5, surpassed some indicators, and showed remarkable autonomous execution capabilities in long-range tasks such as chip design, quantitative research, and e-commerce simulation.

Tencent (00700) received a net purchase of HK$2,432 billion. Huayuan Securities believes that Tencent's long-term ecological barriers are deep. Currently, in the narrative of entering a new round of AI investment cycles, the mixed element series model may initially prove that the company does not significantly lag behind major domestic participants in terms of model capabilities. WorkBuddy and WeChat AI Agent are gradually proving that the company's To B and To C AI products are gradually running smoothly.

Xiaomi Group-W (01810) received a net purchase of HK$293 million. Recently, Xiaomi's second product series, Xiaomi Pengcheng, was officially released, complementing the previous SU7 and YU7 series. The two models are expected to be officially launched in September this year. CICC released a research report saying that looking ahead to 3Q26, it is optimistic that the joint delivery of the SU7, YU7 and Pengcheng series will drive continued growth in the company's automobile sales and a recovery in profitability.

GigaYi Innovation (03986) was sold at a net sale of HK$173 million. On the evening of July 29, GigaYi Innovation issued several announcements in a row. Chairman Zhu Yiming will not reduce his holdings for the next 12 months, and plans to increase the company's shares by no less than 1 billion yuan. Zhu Yiming also proposed that the company buy back the company's shares for no less than 1 billion yuan and no more than 2 billion yuan. Notably, the company also issued an announcement on the implementation of Zhu Yiming's holdings reduction plan. From May 6 to June 12, 2026, Zhu Yiming cashed out a total of 4.4 billion yuan through holdings reduction.

SMIC (00981) and Huahong Hongli (01347) were net sold at HK$1,063 million and HK$402 million respectively. Bank of China International ranked the industry as TSMC > Huahong Hongli > SMIC. Huahong received a higher valuation multiple due to its higher exposure in the field of AI power simulation, better profit expansion trajectory, and the potential value of Huali's micro asset injection; SMIC downgraded it to a “holding” rating due to moderate growth trends and continuous increases in production expansion and mergers and acquisitions.

In addition, Meituan-W (03690) received a net purchase of HK$580 million, while Changfei Optical Cable (06869) and Jiantao laminated board (01888) were net sold at HK$33.24 million or HK$310 million.