According to the Intelligent Finance app, Northbound investors bought 3.78 billion Hong Kong dollars in the Hong Kong stock market on June 17th, of which the Shanghai–Hong Kong Stock Connect saw a net buying of 1.833 billion Hong Kong dollars and the Shenzhen–Hong Kong Stock Connect saw a net buying of 1.947 billion Hong Kong dollars.

The individual stocks with the highest net buying by Northbound investors were Tencent (00700), Bank of China (03988), and China National Offshore Oil (00883), while the individual stocks with the highest net selling were Brilliance China Automotive (01114), China Mobile (00941), and China Shenhua Energy (01088).

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

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

Tencent (00700) and Kuaishou Technology-W (01024) both received net buying of HKD 440 million and HKD 24.46 million, respectively. On the news front, Open Source Securities pointed out that the launch of Apple's AI smartphone is expected to accelerate the replacement of smartphones, driving the growth of AI application installations and opening up commercial space for AI applications in various fields such as agents, films and TV, music, education, and marketing. It is recommended to continue the layout of AI applications. In the field of AI agents, Tencent Holdings is highly recommended; in the field of AI films and TV, Kuaishou-W is highly recommended.

Northbound investors increased their holdings of mainland China banks, with Bank of China (03988) and China Construction Bank (00939) each receiving net buying of HKD 342 million and HKD 13.36 million, respectively. On the news front, Citic Securities stated that the bank sector experienced a correction last week, reflecting the market's cautious expectations of May's financial data and the real economy. We believe that under the background of strengthening financial empty transfer supervision, financial data may fluctuate, and the impact is expected to continue to June. Looking ahead, optimizing the matching degree between finance and entities will improve the stability of the financial system, and financial support for entities will be more sustainable. We believe that the previous policies of the multiple parties are helpful to improve the risk expectation of bank stocks, and the valuation of bank stocks has more fundamental support for dividend income space.

China National Offshore Oil (00883) received net buying of HKD 284 million. On the news front, BOC International pointed out that international oil prices are expected to maintain a medium-to-high level, and the prosperity of the oil and gas exploration and production industry will continue. China National Offshore Oil is a leading enterprise in China's offshore oil and gas exploration and production industry, with excellent resource endowments and outstanding cost advantages. Its performance is stable and good. The company has intensified its efforts to increase reserves and production, and its oil and gas production is expected to continue to increase. At the same time, it is prudently promoting low-carbon transformation, increasing the proportion of natural gas business, and deepening the integration of offshore wind power and oil and gas exploration and development business.

BYD Electronics (00285) received net buying of HKD 106 million. On the news front, there are reports that Apple is developing a thinner iPhone model that matches the previous rumors of a new iPhone 17 Slim model. It is reported that the iPhone 17 Slim will adopt a completely new design and will also be thinner than other iPhone models. Huachuang Securities pointed out that BYD Electronics is a leading global platform-type manufacturing enterprise, and its new business AI computing power/robotics business is advancing smoothly. Its traditional consumer electronics business is benefiting from the iPad's new product cycle + AI phone, and its automotive electronics business is continuing to accelerate the expansion of its products and customers, and is still in a high-speed growth stage.

Semiconductor Manufacturing International Corporation (00981) received net buying of HKD 97.19 million. On the news front, according to media reports, Taiwan Semiconductor Manufacturing Co. plans to raise its prices. The price increase for 3nm outsourcing may exceed 5%, and advanced packaging annual prices are expected to rise by about 10%-20%. TSMC's 3nm has all the production capacity for seven major customers, such as Apple and Nvidia, which is in short supply, and orders are expected to be full until 2026. In addition, some practitioners in the semiconductor industry have said that the production capacity of wafer fabs such as SMIC and Hua Hong is full, and there is no longer any intention to negotiate price reductions.

China Shenhua Energy (01088) received net selling of HKD 77.37 million. On the news front, China Shenhua announced that in May, the production of commercial coal reached 27.4 million tons, an increase of 1.9% year-on-year, and coal sales totaled 36.4 million tons, a slight decrease of 0.8% year-on-year. In the first five months of this year, commercial coal production reached 136 million tons, an increase of 2.3% year-on-year, and coal sales reached 191 million tons, an increase of 5.3% year-on-year. China Securities believes that the price of coal remains in a volatile state, and the expectation of peak summer demand has not yet been realized.

Brilliance Chi (01114) skyrocketed 25% during trading hours and closed up 18%. Some northern capital sold on highs and net sold 239 million Hong Kong dollars throughout the day. On the news, Brilliance Chi announced a special dividend of HKD 4.3 per share. Citigroup said the special dividend was higher than the market's expected level of HKD 3.5. Daiwa Securities stated that the company's two special dividends amounted to RMB 27.2 billion, which had already spent most of the company's cash, and believed that this would be the last special dividend, and this stock price uptrend would be one-time.

In addition, Xiaomi Group-W (01810) received a net buy of 65.19 million Hong Kong dollars, while China Mobile (00941) and China Longyuan (00916) suffered a net sell of 162 million and 74.75 million Hong Kong dollars respectively.