Since the beginning of this year, the Hong Kong stock market has been very active. This week (from June 9 to June 13), the main stock indices initially rose and then retracted. $Hang Seng Index (800000.HK)$ It slightly increased by 0.42%. $Hang Seng TECH Index (800700.HK)$ down 0.89%.
According to news from the People's Bank of China website on June 13, with the approval of the State Council, the People's Bank of China has recently renewed its bilateral local currency swap agreement with the Central Bank of Turkey, with a swap scale of 35 billion yuan / 189 billion Turkish lira. The agreement is valid for three years and can be extended by mutual consent. At the same time, a memorandum of cooperation was also signed to establish a RMB clearing arrangement in Turkey.
The above arrangement marks a new level of financial cooperation between China and Turkey, which will benefit enterprises and financial institutions in both countries to use local currencies for cross-border settlements, further promoting the facilitation of bilateral trade and investment.
On June 10, the People's Bank of China website published the signing of the bilateral local currency swap agreement. As of May 31, 2025, the People's Bank of China has signed bilateral local currency swap agreements with central banks or monetary authorities from 32 countries and regions, with the outstanding balance of RMB utilized by foreign central banks or monetary authorities amounting to 81.8 billion yuan.
The turnover of southbound funds reached a new high in nearly nine weeks.
Southbound funds have been actively trading, with an increasing participation in the Hong Kong stock market. According to statistics from Securities Times·Data Bao, the total turnover of southbound funds this week reached 640.38 billion HKD, setting a new high in nearly nine weeks, which is an increase of 56.36% compared to last week. The net purchase totaled 15.457 billion HKD, reflecting a 3.55% increase from the previous week.
In terms of active stocks this week, a total of 21 stocks have been listed. $XIAOMI-W (01810.HK)$ 、 $BABA-W (09988.HK)$ 、 $MEITUAN-W (03690.HK)$ 、 $POP MART (09992.HK)$ This week, the total trading volume of Hong Kong Stock Connect exceeded 20 billion Hong Kong dollars, with 10 listings (calculated separately for Shanghai Stock Connect and Shenzhen Stock Connect), and there are others. $TENCENT (00700.HK)$ The total trading volume amounted to 18.834 billion Hong Kong dollars, with 10 listings.
In terms of net buying amount, $MEITUAN-W (03690.HK)$ This week, the net buying amount from southbound funds was the highest, reaching 3.605 billion Hong Kong dollars, and MEITUAN-W fell by 2.47% this week. According to the data, as of June 13, MEITUAN-W has seen a Shareholding increase on the Hong Kong Stock Connect for 18 consecutive trading days, with the latest shareholding reaching 0.869 billion shares, a new high since May 2024.
INNOVENT BIO received a net buy of 1.903 billion HKD from southbound funds this week, with an increase of 10.32% for the week. $INNOVENT BIO (01801.HK)$ Recently, multiple Institutions have upgraded their ratings, including Goldman Sachs, JPMorgan, and China International Capital Corporation. On the news front, last week INNOVENT BIO announced that the new drug application for the combination therapy of Sintilimab and Fuzuloparin has been formally accepted by the National Medical Products Administration, which is expected to provide more effective second-line treatment options for patients with advanced kidney cancer.
In terms of market activity, among the active stocks, $SHANDONG MOLONG (00568.HK)$ the highest increase this week, with a cumulative increase of 71.19%. $XTALPI (02228.HK)$ 、 $SINOPEC SSC (01033.HK)$ 、 $AKESO (09926.HK)$ Following closely, they reached 28.21%, 26.98%, and 16.53% respectively.
On Friday, Shandong Molong Petroleum Machinery's stock rose by as much as 160.87% during the session, closing with a gain of 75.65%, reaching its daily limit. It is noteworthy that after a surge in Shandong Molong's H-shares, its A-shares still have a premium rate of 17.75% compared to H-shares. Affected by geopolitical factors, international oil prices soared on Friday, and the Hong Kong stock market's Oil & Gas Sector followed suit. Previously, Shandong Molong stated on an investor Q&A platform that its main products involve the drilling and transportation of Oil & Gas, widely used in major oil and gas production regions around the world, with some products already promoted and sold in the Far East region.
Three stocks received significant shareholding increases this week.
From the change in holdings, this week, 22 stocks saw a month-on-month increase of over 10% in holdings from southbound funds. $RIMAG GROUP (02522.HK)$ 、 $BYD COMPANY (01211.HK)$ 、 $CENTRAL NEW EGY (01735.HK)$ The Shareholding has increased significantly, at 116.02%, 40.38%, and 37.05%, respectively, with substantial accumulation by southbound funds.
Yimai Sunshine's latest Shareholding has reached 40.776 million shares, doubling from last week, while the stock fell 17.21% this week, with southbound funds continuing to accumulate despite the correction. The company announced on Monday that its subsidiary acquired 100% equity of Zhongya Diagnostics, which will be consolidated into the group's financial statements after the transaction is completed. The targeted company holds a medical practice license as a third-party imaging center, serving over 0.04 million patients annually.
BYD's latest Shareholding for southbound funds has reached 70.1799 million shares this week, an increase of 20.1881 million shares, marking the highest weekly increase since the company opened access to the Hong Kong Stock Connect. In terms of news, BYD Auto's official WeChat released information early on June 11 to support the healthy development of small and medium-sized enterprises by standardizing supplier payment terms to within 60 days.
From the perspective of industry distribution, among the 22 stocks that saw an increase in holdings by over 10% from southbound funds this week, the consumer industry had the highest number of individual stocks, totaling 7. $CHABAIDAO (02555.HK)$ 、 $CR BEVERAGE (02460.HK)$ 、 $MAO GEPING (01318.HK)$ And; the Medical Industry and Industry sectors closely follow, each containing 5 stocks.
Editor/rice
