Northbound funds | Northbound trading netted a total buying of 1.067 billion, Alibaba (09988) increased its investment in large-scale C-end layout, and domestic funds rushed to raise funds with more than 1.6 billion Hong Kong dollars throughout the day.

On February 7th, in the Hong Kong stock market, Beishui's net buying amounted to 1.067 billion Hong Kong dollars. Among them, the net buying in the Hong Kong Stock Connect (Shanghai) was 2.3 billion Hong Kong dollars, while the net selling in the Hong Kong Stock Connect (Shenzhen) was 1.233 billion Hong Kong dollars. The top three stocks with the highest net buying by Beishui were BABA-W (09988), LENOVO GROUP (00992), and XIAOMI-W (01810). The top three stocks with the highest net selling by Beishui were Tencent (00700), China Mobile Limited (00941), and CNOOC (00883). The most active traded stocks in the Hong Kong Stock Connect (Shanghai) were BABA-W (09988), LENOVO GROUP (00992), and XIAOMI-W (01810). BABA-W (09988) saw a net buying of 1.677 billion Hong Kong dollars. In terms of news, Alibaba Cloud announced the launch of the Qwen2.5-Max flagship model of its cloud-based question-answering platform, which has pre-training data of over 200 trillion tokens. In addition, it was reported that Professor Xu Zhuhong, a top global AI scientist, has officially joined Alibaba as the Vice President of AI Technology, responsible for the company's multimodal base models and agent-related research and application solutions. LENOVO GROUP (00992) saw a net buying of 3.77 billion Hong Kong dollars. In terms of news, Lenovo announced that its personal AI assistant Xiaotian has been integrated with DeepSeek. Besides being accessible in Lenovos AI Space, Lenovo mentioned that they are exploring further cooperation possibilities with DeepSeek. Huatai pointed out that the emergence of DeepSeek has significantly increased the demand for edge deployment of computing power, with a potential boost in demand for high-performance laptops with computational capabilities. In the long run, this development could benefit downstream AI applications and commercialization, potentially driving a wave of PC upgrades. ROBOSENSE (02498) saw a net buying of 1.94 billion Hong Kong dollars. In terms of news, the creative dance program YangBOT at the Spring Festival Gala sparked attention. ROBOSENSE stated that the Siasun Robot & Automation, featuring its self-developed Helios LiDAR in its head, performed precise positioning and movements on stage. Additionally, BYD Company Limited announced the upcoming Intelligentization Strategy Conference, with Soochow believing that ROBOSENSE has successfully executed a strategy to reduce the cost of LiDAR in vehicle factories to accelerate mass production. Semiconductor Manufacturing International Corporation (00981) experienced a drop in share price today, prompting Beishui to increase its position by 188 million Hong Kong dollars. In terms of news, HSBC downgraded Semiconductor Manufacturing International Corporation's H-shares from hold to reduce, with a target price raised to 35 Hong Kong dollars. The bank believes that the current stock price does not reflect pricing pressure, tariff impacts, or weak visibility of short-term demand. HSBC expects slight price adjustments in Chinese wafer foundries to maintain their pricing advantages and improve capacity utilization. The bank forecasts further price reductions of 5 to 15% by the second half of 2025 and a decrease in profits by 7 to 20% compared to its base forecast. Automobile stocks received increased investments from Beishui, with LI AUTO-W (02015) and XPENG-W (09868) seeing net buying of 1.87 billion and 1.27 billion Hong Kong dollars, respectively. In terms of news, Orient predicted that from 2025 onwards, the mainstream trend will be towards equal access to intelligent driving and upgrades in smart driving functions. The penetration rate of high-level intelligent driving is expected to increase, leading to higher penetration rates of smart driving-related hardware such as sensors and domain controllers. Companies in the intelligent driving industry chain are likely to benefit. Additionally, the China Automobile Association predicted that car sales in February are expected to stabilize and rebound after the end of the Spring Festival holiday. KINGSOFT CLOUD (03896) saw net buying of 86.03 million Hong Kong dollars. According to reports in the Sci-Tech Board Daily, there are talks between Beijing Kingsoft Office Software, Inc and DeepSeek about potential integration. EB SECURITIES pointed out that KINGSOFT CLOUD is the sole strategic cloud platform within the Xiaomi and Kingsoft ecosystem, with expectations for continuous revenue growth from the ecosystem. CNOOC (00883) saw net selling of 2.69 billion Hong Kong dollars. In terms of news, U.S. President Trump announced that Interior Secretary Doug Burgum will work with Energy Secretary Chris Wright to increase oil production and lower prices. Trump's actions have already caused disruptions in the oil market in less than a month in office. The National Development and Reform Commission Price Monitoring Center expects international oil prices to continue trending weakly due to uncertainties in the global trade environment and geopolitical situations, further intensifying fluctuations in the global oil market and prices. Furthermore, XIAOMI-W (01810) saw net buying of 257 million Hong Kong dollars, while Tencent (00700), China Mobile Limited (00941), and ZTE Corporation (00763) saw net selling of 1.018 billion, 413 million, and 77.53 million Hong Kong dollars, respectively.