According to the Zhitong Finance app, on June 19th, in the Hong Kong stock market, the net purchase of Beishui was HKD 2.368 billion, of which the northbound Hong Kong stock connect had a net purchase of HKD 0.834 billion, and the southbound Hong Kong stock connect had a net purchase of HKD 1.534 billion.

The stocks that received the most net buy from Beishui were Bank of China (03988), Industrial and Commercial Bank of China (01398), and Zijin Mining Group (02899). The stocks that received the most net sell from Beishui were Hong Kong Stock Exchange (00388) and Semiconductor Manufacturing International Corporation (00981).

Active trading stocks for Hong Kong stock connect (Shanghai).

Active trading stocks for Hong Kong stock connect (Shenzhen).

Beishui funds continued to increase their position in China mainland banking stocks. Bank of China (03988), Industrial and Commercial Bank of China (01398), and China Construction Bank Corporation (00939) received net buy of HKD 0.577 billion, HKD 0.351 billion, and HKD 0.19 billion, respectively. In terms of news, Guoxin Investment under China Reform Holdings subscribed to the first issue of CSI Central State-Owned Enterprises Dividend Index ETF via the Hong Kong Stock Connect. Huafu Securities stated that there were three driving factors for the bank sector's performance this year. Firstly, the dividend yield stock selection logic spreads in the sector, and high dividend strategies extend from state-owned banks to small and medium-sized banks. The second is the relaxation of real estate policies. Lastly, the market anticipates that the downward slope of the bank net interest margin will slow down and the fundamentals will soon bottom out. Looking ahead, the bank sector needs to further verify the effects of previous policies and the trend of future fundamentals.

Zijin Mining Group (02899) received a net buy of HKD 0.313 billion. In terms of news, Zijin Mining Group announced a plan to issue up to USD 2 billion in bonds and a discount of approximately 5.02% for maximum net fundraising of approximately HKD 3.871 billion. HSBC stated that the company's fund-raising will help reduce the annual interest expense by CNY 1 billion; in addition, the fund-raising action will increase CNY 17.9 billion in capital, providing strong financial support for potential future expansion.

CNOOC Limited (00883) received a net buy of HKD 58.07 million. In terms of news, Guoxin Investment subscribed to the first issue of CSI Central State-Owned Enterprises Dividend Index ETF via the Hong Kong Stock Connect. Changjiang Securities pointed out that the oil price center is expected to operate at medium to high levels. As China's largest offshore crude oil and natural gas producer, CNOOC Limited will fully benefit from high oil prices and its own growth potential. Compared with American enterprises represented by Occidental Petroleum, CNOOC Limited's valuation is currently relatively low. As the company's profit advantage gradually becomes evident, there are still great prospects for the company's valuation to increase in the future.

China Mobile Limited (00941) received a net buy of HKD 54.91 million. In terms of news, Goldman Sachs released a report stating that the company's outlook for the second half of the year remains positive and believes that the stock is suitable for long-term value evaluation using the stock dividend discount model. Based on clear dividend rate targets, stable business and profit growth portfolios, the predicted free cash flow from this year to 2026 exceeds the pure profit distribution target. In addition, the company's performance indicators showed that the company is willing to promote shareholder returns and manage market value.

Tencent Holdings Limited (00700) received a net buy of HKD 17.82 million. In terms of news, Fubon Securities stated that the mobile game version of "Dungeon Fighter Online" under Tencent has maintained its position as the top-ranking game since its launch on May 21st, and its performance has been better than expected. The bank raised the revenue forecast for the first 12 months of the game and expects it to exceed the market's forecast of CNY 9 billion to CNY 10 billion. In addition, Tencent's C-end app "Tencent Yuanbao" based on the Hunyuan Great Model was recently launched. Guosen Securities pointed out that the depth of the Yuanbao's answers is high and that it is essentially a high-quality content accumulation behind the public account. In the future, Tencent Yuanbao is expected to integrate more rich Tencent business formats.

Tracker Fund of Hong Kong (02800) received a net sell of HKD 0.336 billion. In terms of news, China International Capital Corporation stated that under the benchmark scenario, policies are expected to continue to be introduced, but "strong stimulation" is unrealistic, so the market may show more shock consolidation in the short term. The bank pointed out that after the market gradually returns to reality and fundamentals, it may consolidate around 18,000 points of the Hang Seng Index, waiting for more new catalysts, but believes that the Hong Kong stock market still has a comparative advantage over the A-share market.

In addition, Xiaomi Corporation-W (01810) received a net buy of HKD 0.21 billion, while Semiconductor Manufacturing International Corporation (00981) received a net sell of HKD 11.61 million.