Soochow Securities Reveals Last Week's Top 10 HK Stocks with Highest Net Buys and Sells from Southbound Funds (Table)
Top Net Buys: The top 10 Hong Kong stocks with the highest net buys by southbound funds include XIAOMI-W, CNOOC, and MEITUAN-W, with significant short selling ratios and varying net inflow amounts.
Top Net Sells: The top 10 Hong Kong stocks with the highest net sells by southbound funds feature SMIC, TENCENT, and HUA HONG SEMI, showing substantial short selling activity and notable net outflow amounts.
Trade with 70% Backtested Accuracy
Analyst Views on 00700
About the author
HKD4.3 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant Southbound Trading net inflows totaling HKD4.3 billion, while other stocks like BABA-W (09988.HK) and POP MART (09992.HK) experienced notable short selling activity.
Market Activity Overview: TENCENT was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, with substantial net inflows, while stocks like XIAOMI-W and AKESO faced the highest net outflows.
Short Selling Statistics: The short selling ratios for TENCENT, BABA-W, and POP MART were 15.248%, 19.556%, and 27.852% respectively, indicating a high level of market speculation.
Overall Market Sentiment: The total Southbound Trading net outflow was HKD0, accounting for 35.67% of the total transaction amount of HKD88.42 billion, reflecting fragile market sentiment according to JPM.
WeChat Halts Qianwen and Yuanbao Red Packet Features, Disrupting Customer Acquisition: Report
WeChat's Restrictions: WeChat has implemented restrictions on sharing AI red packet commands during the Spring Festival, blocking commands from Alibaba's Qianwen and Tencent's Yuanbao AI applications in chats.
User Reactions: Users have reported difficulties in sharing commands for Alibaba's Qianwen on WeChat, leading to discussions about a "business war" between major AI applications.
Short Selling Activity Reaches $47.7B, Representing 22.1% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $47.7 billion, accounting for 22.1% of the eligible securities turnover, slightly down from 23% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W, with CSOP HS TECH leading at $7.79 billion and a short selling ratio of 66.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) experienced a decrease of 0.947%, with a significant short selling turnover of $7.79 billion and a high short selling ratio of 66.7%.
Other Notable Stocks: TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W also showed notable short selling activity, with TENCENT at $2.97 billion and a ratio of 15.2%, while MEITUAN-W had a turnover of $961.98 million and a ratio of 26.6%.
<Full-day Summary> HSI Falls 325 Points; HSTI Declines 59 Points; AIA Drops More Than 5%; ZTO EXPRESS-W, BOC HONG KONG, SHK PPT, REALORD GROUP, SANY INT'L Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 325 points (1.2%) to 26,559, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines, with market turnover reaching $247.87 billion.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Tencent saw significant drops, with Alibaba closing down 2.9% at $155, while Xiaomi and CCB managed slight gains.
Notable Movers: AIA experienced a sharp decline of 5.5%, while Li Auto and Mengniu Dairy saw increases of 3.6% and 3%, respectively, with several stocks hitting new highs.
Short Selling Trends: High short selling ratios were noted for several companies, including Ping An and CCB, indicating increased market speculation and potential bearish sentiment.
G Sachs: 2026 Crucial Year for AI Investments; BABA, TENCENT, and PDD Preferred Choices
Goldman Sachs Report: A research report from Goldman Sachs highlights 2026 as a pivotal year for AI investment and for Chinese internet companies to maintain their market positions amid rising competition in consumer AI applications.
Investment Focus: The report emphasizes the importance of seamless transaction capabilities and social functions for user retention, while predicting significant growth in AI capital expenditure by Chinese hyperscalers during 2026-2027.
Optimistic Sub-segments: Goldman Sachs identifies cloud & data centers, games & entertainment, and AI models as promising areas for investment, with Alibaba and Tencent being the most competitive stocks among Chinese internet giants.
Emerging Competitors: The report suggests that mid-to-large-sized companies, particularly PDD Holdings, may outperform larger giants in 2026 due to favorable valuations and strong user perceptions.
Short Selling Activity Reaches $25.9B, Representing 22.6% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $25.9 billion at midday, accounting for 22.6% of the turnover of eligible securities, slightly down from 23% on the previous trading day.
Top Shorted Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, TRACKER FUND, and XIAOMI-W, with CSOP HS TECH leading at $4.41 billion and a short selling ratio of 67.2%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) saw a decrease of 0.015 (-0.284%) with a significant short selling turnover of $4.41 billion.
Other Notable Stocks: TENCENT (00700.HK) and BABA-W (09988.HK) also experienced notable short selling, with turnovers of $1.74 billion and $1.42 billion, respectively, and short selling ratios of 15.5% and 21.1%.
HKD4.3 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant Southbound Trading net inflows totaling HKD4.3 billion, while other stocks like BABA-W (09988.HK) and POP MART (09992.HK) experienced notable short selling activity.
Market Activity Overview: TENCENT was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, with substantial net inflows, while stocks like XIAOMI-W and AKESO faced the highest net outflows.
Short Selling Statistics: The short selling ratios for TENCENT, BABA-W, and POP MART were 15.248%, 19.556%, and 27.852% respectively, indicating a high level of market speculation.
Overall Market Sentiment: The total Southbound Trading net outflow was HKD0, accounting for 35.67% of the total transaction amount of HKD88.42 billion, reflecting fragile market sentiment according to JPM.
WeChat Halts Qianwen and Yuanbao Red Packet Features, Disrupting Customer Acquisition: Report
WeChat's Restrictions: WeChat has implemented restrictions on sharing AI red packet commands during the Spring Festival, blocking commands from Alibaba's Qianwen and Tencent's Yuanbao AI applications in chats.
User Reactions: Users have reported difficulties in sharing commands for Alibaba's Qianwen on WeChat, leading to discussions about a "business war" between major AI applications.
Short Selling Activity Reaches $47.7B, Representing 22.1% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $47.7 billion, accounting for 22.1% of the eligible securities turnover, slightly down from 23% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W, with CSOP HS TECH leading at $7.79 billion and a short selling ratio of 66.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) experienced a decrease of 0.947%, with a significant short selling turnover of $7.79 billion and a high short selling ratio of 66.7%.
Other Notable Stocks: TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W also showed notable short selling activity, with TENCENT at $2.97 billion and a ratio of 15.2%, while MEITUAN-W had a turnover of $961.98 million and a ratio of 26.6%.
<Full-day Summary> HSI Falls 325 Points; HSTI Declines 59 Points; AIA Drops More Than 5%; ZTO EXPRESS-W, BOC HONG KONG, SHK PPT, REALORD GROUP, SANY INT'L Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 325 points (1.2%) to 26,559, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines, with market turnover reaching $247.87 billion.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Tencent saw significant drops, with Alibaba closing down 2.9% at $155, while Xiaomi and CCB managed slight gains.
Notable Movers: AIA experienced a sharp decline of 5.5%, while Li Auto and Mengniu Dairy saw increases of 3.6% and 3%, respectively, with several stocks hitting new highs.
Short Selling Trends: High short selling ratios were noted for several companies, including Ping An and CCB, indicating increased market speculation and potential bearish sentiment.
G Sachs: 2026 Crucial Year for AI Investments; BABA, TENCENT, and PDD Preferred Choices
Goldman Sachs Report: A research report from Goldman Sachs highlights 2026 as a pivotal year for AI investment and for Chinese internet companies to maintain their market positions amid rising competition in consumer AI applications.
Investment Focus: The report emphasizes the importance of seamless transaction capabilities and social functions for user retention, while predicting significant growth in AI capital expenditure by Chinese hyperscalers during 2026-2027.
Optimistic Sub-segments: Goldman Sachs identifies cloud & data centers, games & entertainment, and AI models as promising areas for investment, with Alibaba and Tencent being the most competitive stocks among Chinese internet giants.
Emerging Competitors: The report suggests that mid-to-large-sized companies, particularly PDD Holdings, may outperform larger giants in 2026 due to favorable valuations and strong user perceptions.
Short Selling Activity Reaches $25.9B, Representing 22.6% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $25.9 billion at midday, accounting for 22.6% of the turnover of eligible securities, slightly down from 23% on the previous trading day.
Top Shorted Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, TRACKER FUND, and XIAOMI-W, with CSOP HS TECH leading at $4.41 billion and a short selling ratio of 67.2%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) saw a decrease of 0.015 (-0.284%) with a significant short selling turnover of $4.41 billion.
Other Notable Stocks: TENCENT (00700.HK) and BABA-W (09988.HK) also experienced notable short selling, with turnovers of $1.74 billion and $1.42 billion, respectively, and short selling ratios of 15.5% and 21.1%.
