According to the Economic Information Daily APP, on July 5th, the Northbound traded a net purchase of 0.35 billion Hong Kong dollars, of which the Shanghai-Hong Kong Stock Connect traded a net purchase of 1.157 billion Hong Kong dollars, and the Shenzhen-Hong Kong Stock Connect traded a net sell of 0.807 billion Hong Kong dollars.

The top three stocks with the most net purchases by the Northbound are Industrial and Commercial Bank of China (01398), Tencent Holdings (00700), and China Petroleum & Chemical Corp (00386). The top three stocks with the most net sells by the Northbound are Tracker Fund of Hong Kong (02800), Hang Seng H-Share Index ETF (02828), and China Mobile Ltd (00941).

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

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

Industrial and Commercial Bank of China (01398) and China Construction Bank Corporation (00939) received a net purchase of 0.332 billion and 11.72 million Hong Kong dollars respectively. In terms of news, the four state-owned banks, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Bank of Communications, will distribute dividends this month, with a total dividend amount exceeding CNY 30 billion. A research report by CITIC Securities pointed out that the policies of various parties in the early stage helped improve the bank's risk expectations, and the bank's valuation was further supported by its fundamentals, which further strengthened the certainty of dividend income opportunities. Guosen Securities (Hong Kong) pointed out that in the long term, China has sufficient policy space, and economic endogeneity is gradually recovering. The listed banks are likely to usher in a performance turning point in 2025.

Tencent Holdings (00700) received a net purchase of 0.218 billion Hong Kong dollars. In terms of news, Morgan Stanley released a research report stating that it remains optimistic about the upcoming higher-quality games, which may become a key catalyst to further promote the company's growth and profit visibility. The bank believes that the more mature industry will accelerate market consolidation and will naturally benefit the leading industry participants. The bank stated that the forecast for the game "Dungeon and Warrior" for the fiscal year was significantly increased from CNY 6 billion to CNY 18-20 billion, driving the forecast of Tencent game revenue to increase by 5%.

China Petroleum & Chemical Corp (00386) and China National Offshore Oil Corp (00883) received a net purchase of 0.193 billion and 52.68 million Hong Kong dollars respectively. In terms of news, UBS released a report, raising its oil price forecast for the second half of the year. Its oil price forecast for the third quarter was raised from $84 a barrel to $86 a barrel, and its forecast for the fourth quarter was raised from $81 a barrel to $83 a barrel. UBS still prefers the "three barrels of oil" and continues to recommend CNOOC Ltd, PetroChina Co Ltd, and Sinopec.

SenseTime Group Limited-W (00020) received a net purchase of 0.168 billion Hong Kong dollars. In terms of news, on July 5th, at the 2024 World Artificial Intelligence Conference, SenseTime Technology released the WYSIWYG model "DailyNew 50", which has an interactive experience comparable to OpenAI's latest released GPT-4, and can achieve real-time streaming multimodal interaction. In addition, Galaxy Securities pointed out that the release rhythm of "DailyNew SenseNova" exceeded expectations, with a significant increase in comprehensive capabilities. It is at the leading level in the domestic industry, and it will promote domestic large-scale model manufacturers to accelerate iteration, reduce application end costs and thresholds, further expand application scenarios, and accelerate the commercialization of AI.

Hong Kong Exchanges and Clearing Ltd (00388) suffered a net sell of 0.189 billion Hong Kong dollars. In terms of news, Deloitte previously released a report stating that it is expected that there will be approximately 80 new stocks in Hong Kong this year, with a total financing amount of about HKD 60-80 billion, which is up to 40% less than the maximum of HKD 100 billion predicted in April. It is expected that four new stocks with a financing amount of up to USD 1 billion will be listed throughout the year. Nomura previously stated that it is expected that HKEX's second-quarter revenue will reach HKD 5.5 billion, an increase of 9% year-on-year and an increase of 5% month-on-month; net profit is expected to increase by 10% year-on-year to HKD 3.2 billion, an increase of 8% month-on-month.

Hong Kong stocks ETFs were sold by Northbound funds, with Tracker Fund of Hong Kong (02800) and Hang Seng H-Share Index ETF (02828) receiving a net sell of 0.949 billion and 0.601 billion Hong Kong dollars respectively. In terms of news, BOC International released a research report, stating that Hong Kong stocks are expected to continue to fluctuate significantly in the second half of this year, but it is cautiously optimistic about the trend of Hong Kong stocks in the second half. Zheshang Securities pointed out that the market fundamentals have not improved significantly, and the uncertainty of the fund situation is relatively high; the policy fronts lack major policy incentives in the near future.

In addition, China Mobile Ltd (00941) suffered a net sell of 0.213 billion Hong Kong dollars.