According to the China Fortune APP, on November 5th, in the Hong Kong stock market, Beishui's net purchase amounted to 9.425 billion Hong Kong dollars, of which the net purchase via the Shanghai-Hong Kong Stock Connect was 4.654 billion Hong Kong dollars, and the net purchase via the Shenzhen-Hong Kong Stock Connect was 4.771 billion Hong Kong dollars.

The stocks with the highest net purchases by Beishui are Tracker Fund of Hong Kong (02800), Tencent (00700), Alibaba-W (09988). The stocks with the highest net sales by Beishui are Semiconductor Manufacturing International Corporation (00981), Li Auto Inc-W (02015), Sunac (01918).

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

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

Tracker Fund of Hong Kong (02800) received a net purchase of 2.024 billion Hong Kong dollars. In terms of news, China International Capital Corporation estimates that the scale of central incrementally policy after the U.S. election "landing with boots", and the recent significant surge in U.S. bond yields also has a chance to rebound after the election, which is conducive to the year-end stock market rally in Hong Kong. China International Capital Corporation released research reports stating that the Hong Kong stock market is still dominated by fluctuations and structural trends, while closely monitoring policy changes at home and abroad after the election. Greater volatility may bring more stimulating support, while less impact corresponds to maintaining the status quo.

Beishui funds aggressively acquired network technology stocks, with Tencent (00700), Alibaba-W (09988), Meituan-W (03690), Kuaishou-W (01024) receiving net purchases of 0.662 billion, 0.653 billion, 0.274 billion, 0.2 billion Hong Kong dollars respectively. In terms of news, UBS Group's Head of China Internet Research, Jincong Fang, previously stated that the competition in China's internet industry has moderated, platforms are moving towards collaboration, which will help increase monetization rates, thus driving revenue growth and margin improvement. The current mainland China internet industry's price-earnings to growth ratio (PEG) is about 1.1 times, at historical average levels, but considering factors such as the implementation of stimulus economic policies in mainland China and easing competition, it is believed that the valuation of internet sector is still undervalued, with upside potential, and a PEG rising to 1.3 times would be a reasonably expected level.

Hong Kong Exchanges and Clearing Limited (00388) received a net buy of 0.59 billion Hong Kong dollars. On the news front, Huachuang Securities previously pointed out that the ROE of the Hong Kong Exchanges and Clearing Limited leads the industry, continuing to focus on shareholder returns. At present, the core driving factor of the company's performance is the trading activity in the Hong Kong stock market. The start of the Fed's interest rate cut cycle has boosted market risk appetite, and the liquidity pressure in the Hong Kong stock market may see substantial improvement. Meanwhile, the positive policy signals from mainland China are still active, with the Hong Kong Exchanges and Clearing Limited as an important link between China and the world, expected to benefit first. The investment heat in the Hong Kong stock market in October remains high, bullish on the elasticity of Q4 company performance.

CNOOC Limited (00883) suffered a net sell-off of 0.123 billion Hong Kong dollars. On the news front, OPEC+ has agreed to postpone its planned oil production increase by one month scheduled for December. It is worth noting that in the latest quarterly financial report, Exxon Mobil saw a 24% year-on-year increase in oil and gas production, Chevron's production increased by 7%, while 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 Brazil and other places, Brent oil may fall below the $70 level.

Sunac China Holdings Limited (01918) suffered a net sell-off of 0.139 billion Hong Kong dollars. According to reports today, Sunac China is currently in discussions with some domestic bond investors, conducting in-depth communications on the secondary restructuring plan and exploring possible solutions. Currently, both parties are still in the preliminary stage of communicating the initial proposal, and the final version is expected to be released by the end of this month. The core topic of this meeting is Sunac China's approximately 15.5 billion yuan domestic debt. Sunac China has provided four flexible options to creditors, including discounted repurchase, debt-for-equity swaps, debt-to-equity swaps, and debt extension.

Li Auto Inc-W (02015) suffered a net sell-off of 0.175 billion Hong Kong dollars. China International Capital Corporation previously stated that Li Auto provided guidance for the fourth quarter of 2024, with deliveries expected to be 0.16-0.17 million vehicles, a slight increase from the third quarter of 0.153 million vehicles, revenue guidance of 43.2 billion-45.9 billion yuan, year-on-year growth of +3.5% to +10.0%, resulting in revenue per vehicle of 0.26 million yuan, a slight decrease from 0.2702 million yuan. The fourth-quarter performance is expected to be flat. In October, Li Auto launched a new dual-system intelligent driving solution end-to-end+VLM (Vision, Language Model), marking the official entry of Li Auto's smart driving into the AI big model era.

Semiconductor Manufacturing International Corporation (00981) suffered a net sell-off of 1.016 billion Hong Kong dollars. On the news front, on October 28, the US Treasury Department announced new investment restrictions on China in the areas of semiconductors and microelectronics, quantum information technology, and artificial intelligence. These restrictions will officially take effect on January 2, 2025. It is worth noting that Semiconductor Manufacturing International Corporation announced that the company plans to hold a board meeting on November 7, 2024 (Thursday) to approve the publication of the unaudited performance announcement for the three months ended September 30, 2024.

In addition, Xiaomi Corporation-W (01810) received a net buy of 44.68 million Hong Kong dollars. Meanwhile, Shanghai Electric Group (02727) suffered a net sell-off of 7.18 million Hong Kong dollars.