The net sale of A-shares today was 3.138 billion yuan, the second consecutive day of net sales.

Among them, Kweichow Moutai, Changan Automobile, and Ping An of China received net sales of 555 million yuan, 267 million yuan, and 220 million yuan respectively. Wuliangye, Ningde Times, and Zijin Mining received net purchases of 243 million yuan, 2.42 yuan, and 177 million yuan respectively. According to statistics, the capital of the North China Group has increased Wuliangye's holdings for 10 consecutive days, totaling 37.16 billion yuan.

Southbound made a net purchase of HK$14.5 billion in Hong Kong stocks today, making net purchases for the 27th consecutive day.

Among them, net purchases of Prosperity Fund amounted to 3.55 billion yuan, Hang Seng China's 1,307 million yuan, Tencent 1.24 billion, CNOOC 887 million, and China Mobile $759 million; net sales of SMIC were 179 million and Cinda Biotech was 108 million.

According to statistics, Southbound has increased Bank of China's holdings for 4 consecutive days, totaling HK$2,235.45 billion; increased Tencent's holdings for 4 consecutive days, totaling HK$4,0721.1 billion; and China Mobile increased its holdings for 5 consecutive days, totaling HK$1,498.95 billion.

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Changan AutomobileIt fell 1.1%. According to data released by the China Passenger Vehicle Market Information Association, the passenger car retail market in the narrow sense of the word was about 1.65 million units in March, a slight increase of 3.7% year-on-year, which is basically in line with regular seasonal trends. Retail sales of new energy are expected to be around 750,000 vehicles, up 37.1% year-on-year and 93.2% month-on-month, and the penetration rate is expected to reach 45.5%.

Peace in ChinaIt fell 3.5%. Fu Xin, deputy general manager of Ping An of China, said at Ping An's 2023 results conference today that Ping An's stock price is currently undervalued in terms of P/B and P/E, which does not reflect the company's steady fundamentals. In 2023, Ping An's dividend was 2.43 yuan per share, raising the absolute level of dividends for 12 consecutive years. The dividend ratio is quite competitive in the industry. More importantly, the company is in an industry with great prospects. In the long run, Ping An is still the best choice for value investment.

Zijin MiningIt's down 1.47% today. Zijin Mining announced its 2023 annual report. During the reporting period, it achieved operating income of 293.403 billion yuan, up 8.54% year on year; net profit attributable to shareholders of listed companies of 21.119 billion yuan, up 5.38% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 21,617 billion yuan, an increase of 10.68% year on year; and basic earnings per share of 0.80 yuan.

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Yingfu Fund fell 2.28% today.

CNOOCToday it's down 2.74%. CNOOC recently disclosed that as of February 29, 2024, the number of shareholders of the company was 127,500, an increase of 10,800 over December 31, an increase of 9.28%. The number of shares held per household decreased from 25,600 shares in the previous period to 23,500 shares, and the market value of shares held per household was 592,700 yuan.

SMICIt's down 5.5% today. TrendForce Jibang Consulting said that in 2023, due to high supply chain inventories, weak global economy, and slow market recovery, the foundry industry is in a downward cycle. The revenue of the top ten largest foundry companies decreased by about 13.6% per year to reach US$111.54 billion.

Cinda Biotech is 108 million.