According to the Cnstock Finance app, on October 31st in the Hong Kong stock market, Beishui's net purchase amounted to 2.683 billion Hong Kong dollars, with a net purchase of 2.117 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect and 0.566 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect.

The stocks with the highest net purchases by Beishui are Xiaomi Corporation-W (01810), Tencent (00700), and GCL Tech (03800). The stocks with the highest net sales by Beishui are CNOOC Limited (00883) and Li Auto Inc-W (02015).

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

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

Tencent (00700) received a net buy of 0.534 billion Hong Kong dollars. On the news front, Tianfeng Securities stated that it is expected that Tencent's third-quarter revenue will increase by 8% year-on-year and 4% quarter-on-quarter. The bank pointed out that the short-term game revenue growth is driven by the product cycle of the gaming business, and the inventory of video number advertising may support the resilience of mid-term advertising revenue growth. The growth of financial technology and enterprise service business revenue is expected to gradually recover with the macro environment, and the incremental business with high gross profit margin has laid the foundation for continued improvement in mid-term gross profit margin. The relatively stable competitive landscape coupled with cautious cost control can maintain significant profit growth.

GCL Tech (03800) received a net buy of 0.237 billion Hong Kong dollars. On the news front, the National Development and Reform Commission and other departments issued the "Guiding Opinions on Vigorously Implementing the Action of Renewable Energy Replacement", proposing to comprehensively enhance the renewable energy supply capacity. Accelerate the construction of large-scale wind power and photovoltaic bases focusing on deserts, Gobi, and barren areas, and promote the development of offshore wind power clusters. Minsheng Securities released a research report stating that the recent rebound in the photovoltaic sector is due to the rise in component prices and the expectation of energy consumption control on the supply side of silicon materials. If subsequent top-down design introduces relevant supply-side reform policies, the profitability of the photovoltaic main chain is expected to turn around at the bottom.

Alibaba-W (09988) received a net buy of 0.147 billion Hong Kong dollars. On the news front, CNI Xiangmi Lake Fintech Index published a report stating that Alibaba has recently taken a series of measures to protect merchant rights, reduce merchant thresholds, and operating costs. By loosening the policy of only refunds, introducing Return Treasure, and reducing the cost of merchant returns and refunds. By replacing DSR rating system with experience scores, integrating WeChat Pay brings new volume to merchants, encouraging merchants to serve users well. The bank maintained its unchanged revenue and EBITA forecasts for Alibaba, raised Alibaba's 2025 fiscal year non-GAAP net income by 3% to 160.5 billion yuan, mainly due to the base effect of one-time expenses in the same period last year fading.

SMIC (00981) received a net buy of 93.64 million Hong Kong dollars. On the news front, new US regulations restricting technology investment in China will take effect next year. Tianfeng Securities believes that this event catalyzes potential increase in international political instability and is expected to increase the market's focus on domestic production of equipment materials; stimuli policies for the technology industry domestically are expected to effectively drive the sector towards accelerated domestic substitution. In addition, TSMC will increase prices by up to 10% for processes below 5nm, with 2nm prices potentially exceeding 0.03 million US dollars. Analysts point out that TSMC's "over-expected" price increase may indicate that demand in the global semiconductor industry chain is still very strong.

Fourth Paradigm (06682) received a net buy of 53.77 million Hong Kong dollars. On the news front, data from Choice shows that as of October 30, southbound funds held 46.5147 million shares of Fourth Paradigm, with a shareholding value of 1.109 billion Hong Kong dollars, an increase of 62.0868 million Hong Kong dollars from the previous trading day, accounting for 17.41% of the total issued shares. It is worth noting that as of the end of September, southbound funds held less than 1% of Fourth Paradigm, indicating that domestic funds have recently significantly increased their holdings of Fourth Paradigm. In addition, at the end of September, Fourth Paradigm announced that Dr. Dai Wenyuan, the controlling shareholder, voluntarily promised to extend the lock-up period by 12 months.

Shanghai Electric Group (02727) received a net buy of 42.74 million Hong Kong dollars. On the news front, Shanghai Electric recently announced plans to acquire 100% equity of Ning Sheng Industrial from its controlling shareholder, Shanghai Electric Group, in cash for 3.082 billion yuan. And the core asset of Ning Sheng Industrial is Shanghai Fanuc Robotics Co., Ltd. The company stated that the acquisition of Shanghai Fanuc Robotics is to improve Shanghai Electric's layout in the robotics field, build an entire industry chain from components, controllers to the main body of robots, from industrial robots, professional robots to smart robots, and realize full-lifecycle services for equipment.

CNOOC (00883) suffered a net sell-off of 0.247 billion Hong Kong dollars. On the news front, China International Capital Corporation (CICC) indicated that CNOOC's third-quarter profit fell 8% quarter-on-quarter to 36.9 billion yuan, exceeding the bank's expectations by 3%. Despite a slight decrease in oil prices and production, the company successfully managed its impact on profitability. Looking ahead to the fourth quarter, CNOOC's profit is expected to decline by 37% quarter-on-quarter, mainly due to the downward trend in oil prices. DBS released a report stating that CNOOC's third-quarter profit exceeded expectations by 10%, but the stance of OPEC and geopolitical tensions remain unpredictable.

In addition, Xiaomi Corporation-W (01810) and Sunac China (01918) received net purchases of 0.66 billion and 58.51 million Hong Kong dollars, respectively. Whereas li auto inc-W (02015) suffered a net sell-off of 66.1 million Hong Kong dollars.