Northbound funds | Northbound trading volume was net sold at 1.515 billion yuan, with Qianwen App accessing Alibaba's business ecosystem. Northbound funds aggressively bought nearly 2 billion Hong Kong dollars of Alibaba (09988) shares.

On January 15th, in the Hong Kong stock market, Beishui had a net sell of 1.515 billion Hong Kong dollars. Among them, the Shanghai Stock Connect had a net buy of 1.93 billion Hong Kong dollars, while the Shenzhen Stock Connect had a net sell of 3.446 billion Hong Kong dollars. The stocks with the highest net purchase by Beishui were BABA-W (09988), Tencent (00700), and Semiconductor Manufacturing International Corporation (00981). The stocks with the highest net sell by Beishui were China Mobile Limited (00941) and CNOOC (00883). Active trading stocks for the Shanghai Stock Connect were: Active trading stocks for the Shenzhen Stock Connect were: BABA-W (09988) had a net buy of 1.976 billion Hong Kong dollars. On January 15th, Alibaba held a Thousand Ask App release conference, announcing full access to ecosystems such as Taobao, Alipay, Fliggy, and Gaode, becoming the first in the world to achieve AI shopping functions from takeaway to booking flights. The core of this update is system-level integration based on Agent architecture, rather than simple API calls. Tencent (00700) had a net buy of 642 million Hong Kong dollars. CICC released a research report stating optimism for Tencent's main businesses in gaming, advertising, finance, and enterprise services to maintain high-quality growth. They are also accelerating layout in the AI field, expecting support for gaming revenue growth this year, and advertising revenue growth to outperform the market. Ecosystem products like Video Number and Mini Programs are driving synergy, AI technology is improving operational efficiency, and user loyalty is increasing. They forecast a 10% annual growth in financial technology and enterprise service revenue in the fourth quarter of last year. Beishui increased its holdings in chip stocks. Semiconductor Manufacturing International Corporation (00981) and HUA HONG SEMI (01347) had a net buy of 180 million and 114 million Hong Kong dollars respectively. TSMC reported its fourth-quarter financial results, showing a 35% profit growth, surpassing expectations and reaching a new high due to strong demand for AI chips. This marks the eighth consecutive quarter of profit growth for TSMC. Advanced chips with a size of 7 nanometers or smaller accounted for 77% of TSMC's wafer revenue. TSMC expects capital expenditure of $52-56 billion in 2026 and a total of $40.9 billion in capital expenditure in 2025. MEITUAN-W (03690) had a net buy of 128 million Hong Kong dollars. Previously, Lyon released a research report stating that the State Council launched an anti-monopoly investigation into the food delivery industry, signaling an upgrade in regulatory attitude towards the long-standing "food subsidy war." This could be a key turning point in reversing the competitive ecology of the catering industry and promoting enterprise profitability restoration. CNOOC (00883) had a net sell of 365 million Hong Kong dollars. President Trump's verbal cooling of the situation in Iran led to a plunge in international oil prices. It was reported that President Trump, when speaking to the media at the White House about the situation in Iran, said, "We need to wait and see how the situation develops." He also pointed out that the U.S. government had received "very positive statements" from Iran. However, he did not rule out the possibility of the U.S. taking military action. In addition, China Life Insurance (02628), ALI HEALTH (00241), and SYNAGISTICS (02562) had a net buy of 87.89 million, 2.88 million, and 780,000 Hong Kong dollars respectively. China Mobile Limited (00941) had a net sell of 791 million Hong Kong dollars.