The Zhitong Finance App learned that on April 25, the Hong Kong Stock Exchange had a net purchase of HK$1.88 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$1.705 billion and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$175 million.

The individual stocks that Beishui Net bought the most were Bank of China (03988), Hong Kong Stock Exchange (00388), and Tencent (00700). The individual stocks sold the most by Beishui Net were HSBC Holdings (00005) and China Mobile (00941).

Hong Kong Stock Connect (Shanghai) actively traded stocks

Hong Kong Stock Connect (Shenzhen) actively traded stocks

Beishui Capital continues to increase its domestic bank stock positions. Bank of China (03988) and China Construction Bank (00939) received net purchases of HK$523 million and HK$117 million respectively. According to the news, CITIC Securities pointed out that looking ahead, based on the pace of economic recovery and macrofinancial performance, it is expected that the short-term market style will still favor dividend strategies, and banking sector holdings are expected to continue to recover. CICC, on the other hand, said that although the profit growth rate of listed banks is expected to weaken, the stability of dividends and the ability to operate sustainably have provided some support for stock price performance.

The Hong Kong Stock Exchange (00388) received a net purchase of HK$407 million. According to the news, the Hong Kong Stock Exchange held an annual shareholders' meeting to announce that Tang Jiacheng will succeed Smith as the new chairman of the Hong Kong Stock Exchange. Furthermore, the Hong Kong Stock Exchange's net profit for the first quarter was HK$2.97 billion, down 12.9% year on year and up 14% month on month. Shen Wan Hongyuan said that the China Securities Regulatory Commission issued the “5 Capital Market Cooperation Measures with Hong Kong”, which is conducive to further broadening the interconnection mechanism and promoting the collaborative development of capital markets between the two places. We look forward to a steady recovery in the Mainland economy and a boost in liquidity in the Hong Kong stock market driven by favorable policies.

Tencent (00700) received a net purchase of HK$221 million. According to the news, Tencent announced that the mobile game version of “Dungeons and Warriors” is scheduled to be released on May 21. Damo said that this is one of Tencent's largest game releases in recent years and should be one of the key catalysts driving the inflection point of the domestic game business in the second quarter. The game's total revenue for the first year is expected to reach 10 billion yuan.

Shangtang-W (00020) received a net purchase of HK$182 million. According to the news, Shang Tang announced that on April 23, 2024, the company held a technical exchange day event at AIDC in Lingang, Shanghai. Among them, the company launched a 600 billion parameter model”, which greatly improved knowledge, mathematics, reasoning and coding capabilities, and comprehensively benchmarked GPT-4 Turbo. At the same time, the company launched an industry-large all-in-one version and a mobile-side large model SDK version. Shang Tang claimed that Ririxin 5.0 uses a hybrid expert architecture (MoE), over 10TB tokens training, covering a large amount of synthetic data, and a context window of about 200K during inference.

CNOOC (00883) received a net purchase of HK$44.48 million. According to the news, CNOOC announced its results for the first quarter of 2024 after the market. Revenue for the period was 111,468 billion yuan, up 14.1% year on year; net profit attributable to shareholders of the parent company was 39.719 billion yuan, up 23.7% year on year; and non-net profit attributable to shareholders of the parent company was 39.475 billion yuan, up 25.5% year on year. During the period, the company achieved a total net output of 180 million barrels of oil equivalent, an increase of 9.9% over the previous year.

Great Wall Motor (02333) received a net purchase of HK$24.3 million. According to the news, Great Wall Motor announced that in the first quarter of 2024, it achieved operating income of 42.86 billion yuan, an increase of 47.6% year on year; net profit of 3,228 billion yuan, an increase of 1752.55% year on year. According to calculations, Q1 net profit increased 59.26% month-on-month in 2024. Morgan Stanley released a research report, citing Great Wall Motor's management as saying that if it continues to receive domestic and foreign tax benefits, 50% of its 1.2 billion yuan non-operating income may become recurring income.

HSBC Holdings (00005) had a net sale of HK$421 million. According to the news, HSBC announced that it will hold a committee meeting under the board of directors on the 30th of this month to review the results for the first quarter of 2024 and whether it will pay the first 2024 common stock dividend and special common stock dividend. Goldman Sachs previously published a report. On the 30th of this month, it is expected that HSBC's basic pre-tax profit for the first quarter will be 8.9 billion US dollars, down 5% from year to year. Revenue is roughly flat, but costs have risen.

Additionally, Xiaomi Group-W (01810) received a net purchase of HK$2.3 million. Meanwhile, China Mobile (00941) had a net sale of HK$80.66 million.