Smartkarma app learned that on November 4 in the Hong Kong stock market, Beishui's net purchase transaction was 3.279 billion Hong Kong dollars, with net purchases of 2.27 billion Hong Kong dollars through the Hong Kong Stock Connect (Shanghai) and 1.009 billion Hong Kong dollars through the Hong Kong Stock Connect (Shenzhen).

The stocks with the most net purchases by Beishui are Xiaomi Corporation-W (01810), Innovent Bio (01801), and Geely Auto (00175). The stocks with the most net sales by Beishui are Tracker Fund of Hong Kong (02800), CNOOC (00883), and Semiconductor Manufacturing International Corporation (00981).

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

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

Innovent Bio (01801) received a net purchase of 0.367 billion Hong Kong dollars. On the news front, Innovent Bio continued to attract market attention due to being deeply involved in the 'asset sale at a low price' public opinion whirlpool. On November 3, Innovent Bio announced the termination with Lostrancos of the subscription agreement announced on October 25, reached after further consideration by both parties. Morgan Stanley stated that the termination of the Fortvita subscription transaction helped restore investor confidence. Citi believes that the strong sales performance of the group and progress in overseas clinical trials will sustainably restore investor confidence.

Geely Auto (00175) received a net purchase of 0.351 billion Hong Kong dollars. On the news front, Geely Auto announced that the group's total sales in October were 0.2267 million units, an increase of approximately 28% compared to the same period last year. Minsheng Securities pointed out that benefiting from the increase in Galaxy E5 sales, recovery in demand after Zeekr's modification, and strong performance in new energy vehicle sales, the company's new energy vehicle sales in October were 108,722 vehicles, a year-on-year increase of 75.1% and a month-on-month increase of 19.3%. As of the end of October, the company had sold a total of 1.716 million vehicles this year, achieving 85.8% of the annual sales target of 2 million vehicles.

Kuaishou-W (01024) received a net buy of 0.235 billion Hong Kong dollars. On the news front, according to media reports, Kuaishou International version Kwai officially announced the launch of an e-commerce platform Kwai Shop in Brazil, further expanding its business scope. Kuaishou's Senior Vice President and Head of International Business, Ma Hongbin, previously revealed that as of July this year, Kwai's user time share in Brazil ranked sixth. In the first half of this year, Kwai's daily active users in Brazil increased by 14% year-on-year, and the daily time spent by active users increased by 5% year-on-year.

Tencent (00700) received a net buy of 0.202 billion Hong Kong dollars. On the news front, UBS released a research report stating that it is expected that Tencent's total revenue and adjusted EBIT in the third quarter will increase significantly by 9% and 18% to 168 billion and 61 billion yuan, respectively, driven mainly by strong gaming performance and advertising growth. The bank believes that with the excellent performance of the mobile games Dungeon & Fighters and Wild Rift, it is estimated that Tencent's third-quarter online game revenue will increase by 12% year-on-year. Advertising revenue is expected to rise by 16% due to advertising technology upgrades and increased advertising placements on Video Number. With the accumulation of deferred income and stability in the game product pipeline, the bank expects further acceleration of Tencent's gaming revenue growth.

Alibaba-W (09988) received a net buy of 0.115 billion Hong Kong dollars. On the news front, UBS stated that it is expected that Alibaba's total revenue in the third quarter will increase by 4.8% year-on-year to 235.5 billion yuan, GMV growth of about 6%, and CMR growth of about 2% year-on-year. International retail is expected to maintain a growth of about 30% year-on-year, while cloud computing is expected to increase by 8% year-on-year. However, due to continued investments, the Group's adjusted EBITDA may decline by 5% year-on-year. The bank expects revenue growth and profitability to improve from the next quarter onwards, core to improving the utilization of non-commercial activities and reducing losses. Share buybacks and inclusion in the Shanghai-Hong Kong Stock Connect are also expected to support the stock price in the short term.

Shanghai Electric Group (02727) received a net buy of 45.08 million Hong Kong dollars. On the news front, recently, Shanghai Electric Power Station Group successfully won the bid for the full set of main equipment orders for the 2×1000MW coal-fired power generation project of Xiangtan Power Energy in Yueyang. The project is planned to be completed and put into operation in the first half of 2027. In addition, Shanghai Electric previously announced its intention to acquire Shanghai Fanuc Robot Co., Ltd. In response to this, the company stated that the purpose of this acquisition, in the overall global strategy of Shanghai Electric in the field of robots, is to enhance Shanghai Electric's layout in the field of robots.

SMIC - Semiconductor Manufacturing International Corporation (00981) suffered a net sell of 0.306 billion Hong Kong dollars. On the news front, on October 28, the U.S. Department of the Treasury announced new investment restrictions on China in the fields of semiconductors, microelectronics, quantum information technology, and artificial intelligence. These restrictions will officially take effect on January 2, 2025. Tianfeng Securities believes that this event catalyzes increased market attention to domestic equipment materials due to potential international political instability; and domestic stimulus policies for the technology industry are expected to effectively drive the sector towards industrial substitution accelerated by domestic demand.

CNOOC Ltd. (00883) suffered a net sell of 0.47 billion Hong Kong dollars. On the news front, OPEC+ has agreed to postpone the planned oil production increase in December by one month. It is noteworthy that in the latest quarterly financial reports, Exxon Mobil's oil and gas production increased by 24% year-on-year, Chevron's production increased by 7%, and Royal Dutch Shell and BP in the UK increased by 4% and 2%, respectively. Macquarie believes that if OPEC resumes production, coupled with additional supply from places like Brazil, Brent crude oil could fall below $70 per barrel.

Tracker Fund of Hong Kong (02800) suffered a net sell of 1.19 billion Hong Kong dollars. On the news front, Zhongtai International pointed out that since the end of September, a series of policy combinations have shown a positive shift in the decision-makers' short-term focus on stabilizing growth. With policy support at the bottom, the likelihood of the Hang Seng Index's forecasted PE ratio returning to below 9 times is not high. China International Capital Corporation, on the other hand, stated that the Hong Kong stock market will continue to be dominated by oscillations and structural movements, while closely monitoring changes in domestic and foreign policies after the general election.

In addition, Xiaomi Corporation-W (01810), China Mobile (00941), and Sunac China (01918) received a net buy of 0.452 billion, 0.323 billion, and 35.07 million Hong Kong dollars respectively. While JL Mag Rare-Earth (06680) suffered a net sell of 1.65 million Hong Kong dollars.