According to the Wisdom Financial app, on December 3rd, the Hong Kong stock market witnessed a net buy of 0.295 billion Hong Kong dollars by Beishui, with a net buy of 0.176 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect and a net buy of 0.119 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect.

The top stocks with the highest net buys by Beishui are Alibaba-W (09988), Galaxy Entertainment (01952), and Shanghai Electric Group (02727). The top stocks with the highest net sells by Beishui are Tracker Fund of Hong Kong (02800), Tencent (00700), and CNOOC (00883).

Active trading stocks in Hong Kong Stock Connect (Shanghai).

Active trading stocks in Hong Kong Stock Connect (Shenzhen).

Alibaba-W (09988) received a net buy of 0.58 billion Hong Kong dollars. On the news front, the South Korean e-commerce platform ABLY stated that its parent company ABLY Group has received Alibaba's investment of 100 billion Korean won, equivalent to about 0.51 billion Chinese yuan. It is reported that by investing in Alibaba, ABLY Group will obtain a 5% stake in ABLY. In addition, there are reports that Alibaba's Turkish e-commerce platform Trendyol will undergo a $1 billion financing. Trendyol is informally soliciting potential investors' interest in a new round of financing, which may start as early as next quarter. Sources added that these negotiations are still in the preliminary stages, and it is uncertain whether an agreement can ultimately be reached.

Galaxy Entertainment Group-B (01952) received a net buy of 93.05 million Hong Kong dollars. On the news front, Galaxy Entertainment Group announced that the new drug VELSIPITY for the treatment of moderate to severe active ulcerative colitis in adult patients has been formally accepted by the Hong Kong Department of Health. In addition, Galaxy Entertainment recently announced that Nucokan has been successfully included in the "National Basic Medical Insurance, Work Injury Insurance and Maternity Insurance Drug Catalog (2024)". The new version of the national medical insurance drug catalog will officially take effect on January 1, 2025. Huafu Securities believes that Nucokan has significant first-mover advantage, precise efficacy, good compliance, and is expected to become a fundamental drug in the field of IgA nephropathy with significant clinical value.

Shanghai Electric Group (02727) received a net buy of 32.9 million Hong Kong dollars. On the news front, Shanghai Electric previously planned to spend 3.082 billion yuan to acquire 50% of the shares of the Siasun Robot&Automation held by its holding platform Ningbo Industrials. Shanghai Electric Chairman Wu Lei stated at a forum earlier that the acquisition of Siasun Robot is in active response to the new 'Nine Articles' strategy to strengthen the main responsibilities and core businesses of state-owned enterprises, and it is an important measure to improve development quality through comprehensive use of mergers, acquisitions, and other methods. It is worth noting that there have been recent market rumors about Shanghai Microelectronics' 'backdoor listing'. It is understood that Shanghai Electric's parent company is Shanghai Electric Group Limited, which is the largest shareholder of Shanghai Microelectronics.

XPeng Inc-W (02015) faced a net sell off of 0.105 billion Hong Kong dollars. On the news front, XPeng announced that it delivered 48,740 vehicles in November, an 18.8% year-on-year increase, but a 5.25% month-on-month decline, marking the second consecutive month of decline in deliveries for XPeng. Guolian Securities pointed out that on November 29, XPeng introduced a 3-year 0-interest plan with a minimum down payment of 0.0698 million yuan, which may further stimulate sales. XPeng is expected to deliver over 160,000 vehicles in the fourth quarter.

CNOOC Limited (00883) faced a net sell off of 0.11 billion Hong Kong dollars. On the news front, Everbright Futures pointed out that last week, Israel and Hezbollah reached a ceasefire agreement, entering a 'period of separation' for 60 days. Due to the current off-peak season for crude oil demand, and with OPEC, EIA, and IEA all forecasting a slowdown in demand outlook, oil prices may come under pressure as geopolitical support wanes. This Thursday, OPEC will hold a meeting to discuss production levels, and if there is no action to cut production beyond expectations, the meeting results may struggle to provide support for oil prices.

Tencent Holdings (00700) faced a net sell off of 0.379 billion Hong Kong dollars. On the news front, recent reports suggest that Tencent Holdings is considering issuing bonds denominated in US dollars and offshore renminbi in the coming weeks, which would be the company's first such issuance in over three years. Tencent is in discussions with some investment banks regarding the related financing and is exploring transaction details including the amount and term. It is reported that in April 2021, Tencent conducted a bond transaction of approximately $4.15 billion. If this bond issuance is successfully priced, it will be Tencent's first offshore bond issuance in over three years.

Tracker Fund of Hong Kong (02800) faced a net sell off of 1.34 billion Hong Kong dollars. On the news front, CICC believes that around 19,000 points is a key resistance level for the Hang Seng Index, with the market bouncing back after reaching this level. In the short term, the Hang Seng Index still has support at around 19,000 points, but external uncertainties persist, limiting the upside potential. The market is currently in a sideways position at this level, with mixed signals. If domestic policies exceed expectations in the short term, the market may intermittently rise. From a long-term perspective constrained by 'reality,' it is suggested that at this time investors partially take profits and shift focus towards structured investments, as overly strong policy expectations are unrealistic.

In addition, China Mobile (00941) and Semiconductor Manufacturing International Corporation (00981) were net sold for 69.51 million and 0.1094 million Hong Kong dollars respectively.