Northbound funds | Northbound trading recorded a net purchase of 0.94 billion yuan, with chip stocks receiving additional positions. Northbound funds aggressively acquired Semiconductor Manufacturing International Corporation (00981) shares worth over 1 billion Hong Kong dollars.

On January 16th, in the Hong Kong stock market, the northbound capital net bought 0.94 billion Hong Kong dollars. Among them, the Shanghai-Hong Kong Stock Connect had a net buying of 10.06 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect had a net selling of 9.13 billion Hong Kong dollars. The stocks with the highest net buying from the northbound capital were Semiconductor Manufacturing International Corporation (00981), XIAOMI-W (01810), and HUA HONG SEMI (01347). The stocks with the highest net selling from the northbound capital were China Mobile Limited (00941), ALI HEALTH (00241), and CNOOC Limited (00883). The most active stocks in the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect were the chip stocks that the northbound capital was aggressively buying, with Semiconductor Manufacturing International Corporation (00981) and HUA HONG SEMI (01347) receiving a net buying of 10.84 billion and 5.85 billion Hong Kong dollars respectively. On the news front, the US relaxed regulations on the export of NVIDIA H200 chips to China. XIAOMI-W (01810) received a net buying of 8.67 billion Hong Kong dollars. On the news side, Xiaomi Chairman Lei Jun officially announced during a live broadcast that for their popular car model Xiaomi YU7, they are introducing a limited-time car purchase new benefit, including long-term low-interest financial plans and high-value configurations for the entire series. Lei Jun revealed earlier this month that Xiaomi YU7 had surpassed 150,000 deliveries in just 6 months, with a delivery speed 2.3 times that of Xiaomi SU7 during the same period. POP MART (09992) received a net buying of 1.41 billion Hong Kong dollars. On the news side, Bank of America Securities released a research report stating that looking ahead to 2026, POP MART has several growth drivers, including significant potential for existing IPs, such as further monetization of the Monsters series, promoting global IP such as Skullpanda/Hirono, and launching new variants of popular IP (such as Molly). In addition, new IP launches may return to track this year, including local IPs facing overseas markets. There was a differentiation in Alibaba concept stocks, with BABA-W (09988) receiving a net buying of 39.59 million Hong Kong dollars, SYNAGISTICS (02562) and ALI HEALTH (00241) experiencing net selling of 42 million and 4.61 billion Hong Kong dollars respectively. On the news side, on January 15th, the Alibaba Qianwen APP announced full integration with Alibaba's ecosystem businesses such as Taobao, Alipay, Taobao Flash Sale, Fliggy, and Gaode, launching over 400 service functions, achieving multiple AI shopping functions for the first time globally. Alibaba explained that Qianwen APP is the world's first AI assistant that can complete complex tasks in daily life. CNOOC Limited (00883) experienced a net selling of 1.08 billion Hong Kong dollars. On the news side, due to reduced risks of US military action against Iran, international crude oil prices recorded the largest drop since June 2025. Goldman Sachs previously believed that Brent crude oil has risen by nearly $6 to over $66 per barrel this year, equivalent to the market already pricing in a 700,000 barrels per day supply disruption from Iran for the next 12 months. Additionally, Zhejiang Sanhua Intelligent Controls (02050) and Tencent (00700) received a net buying of 1.29 billion and 342.8 million Hong Kong dollars respectively, while China Mobile Limited (00941) experienced a net selling of 10.74 billion Hong Kong dollars.