Northbound funds | Northbound trading recorded a net buy of 9.35 billion yuan. Northbound funds continued to increase positions in Tencent (00700) and aggressively invested over 1 billion Hong Kong dollars in Semiconductor Manufacturing International Corporation (00981).

On January 15th, in the Hong Kong stock market, the net purchase of Northbound funds was 9.35 billion Hong Kong dollars, with the Shanghai-Hong Kong Stock Connect seeing a net purchase of 6.121 billion Hong Kong dollars and the Shenzhen-Hong Kong Stock Connect seeing a net purchase of 3.29 billion Hong Kong dollars. The top three stocks with the highest net purchases by Northbound funds were Tencent (00700), Semiconductor Manufacturing International Corporation (00981), and Zijin Mining Group (02899). Active trading stocks in the Shanghai-Hong Kong Stock Connect were Tencent (00700) with a net purchase of 1.907 billion Hong Kong dollars. Active trading stocks in the Shenzhen-Hong Kong Stock Connect were Semiconductor Manufacturing International Corporation (00981) with a net purchase of 1.017 billion Hong Kong dollars. During the day, Zijin Mining Group (02899) fell by more than 8%, with Northbound funds picking up 748 million Hong Kong dollars. Morgan Stanley released a report indicating ongoing negotiations between Cangge and Zijin Mining Group regarding equity transactions. Cangge Capital and the second largest shareholder, New Sha Hongyun Investment Management, collectively held about 40% stake in Zangge Mining. If the acquisition deal is finalized, it is estimated to involve 2 to 2.2 billion US dollars (approximately 15.58 to 17.13 billion Hong Kong dollars). Morgan Stanley pointed out that Zangge Mining's main projects are potassium and lithium mines located in Tibet and Laos. Cangjin expressed interest in exploring opportunities in minerals other than gold and copper at a recent management summit held by the bank. BABA-W (09988) saw a net purchase of 659 million Hong Kong dollars. According to a report by Macquarie, Alibaba has sold two of its largest non-core retail businesses, Intime and Hangzhou Shing, and has once again appointed Jiang Fan to lead the newly established e-commerce business group covering local and international e-commerce. The bank believes this is a positive sign of the company focusing on its core e-commerce business and seeking further leverage and synergies with the supply chain. ZTE Corporation (00763) saw a net purchase of 116 million Hong Kong dollars. Minsheng Securities pointed out in their report that Byte AI is making initial efforts in the side, collaborating with ZTE Corporation on smartphone business. ZTE is a domestic semiconductor design company second only to Huawei HiSilicon, with chip products continuously raising the company's gross profit margin. The bank expects that ASIC chips will also have the potential to breakthrough in the near future. UBTECH ROBOTICS (09880) saw a net purchase of 67.89 million Hong Kong dollars. On January 15th, Foxconn and UBTECH ROBOTICS announced a strategic partnership in the field of intelligent manufacturing for humanoid Siasun Robot & Automation. By conducting testing and verification of humanoid Siasun Robot & Automation in real manufacturing scenarios and technological innovation, they aim to promote the practical application of UBTECH ROBOTICS humanoid Siasun Robot & Automation in Foxconn's intelligent manufacturing scenarios. WEIMOB INC (02013) saw a net purchase of 62.35 million Hong Kong dollars. WEIMOB INC recently launched the "WeiMeng X WeChat Store" series of solutions to help businesses achieve efficient integration and business growth in the WeChat Store ecosystem. The five solutions launched aim to enhance operational efficiency and business capabilities for businesses based on the WeChat Store ecosystem through integrated operations, intelligent effectiveness, organizational node management, and the WeChat Store CRM membership operations system. In addition, China Mobile Limited (00941), XIAOMI-W (01810), and CNOOC Limited (00883) saw net purchases of 532 million, 340 million, and 107 million Hong Kong dollars respectively.