Express News | The Ministry of Industry and Information Technology (MIIT) convened a symposium with major automobile manufacturers, urging them to firmly resist irrational competition and enhance product testing, validation, and safety assessment.
Kimi K3 debuts amid great anticipation; Morgan Stanley: China's cutting-edge large language models have achieved comprehensive catch-up, with breakthroughs simultaneously in scale, performance, and pricing.
On July 17, Yue zhi Anmian launched its flagship large model K3, which ranked among the top three globally in benchmark tests, drawing significant market attention.
Fund Flows | Southbound capital recorded a net outflow of HK$1.457 billion from Hong Kong-listed stocks, reducing positions in Alibaba, Meituan, and Huahong Hongli.
Track the latest developments of southbound capital flows.
董事會會議召開日期
Zhito Hong Kong Stock Connect Active Trading | July 17
Stock Connect Active Trading | July 17, 2026
Alibaba saw a net outflow of HK$2.451 billion via Stock Connect.
Southbound capital recorded a net inflow of HK$322 million into Xiaomi Group (01810.HK). Net outflows from Alibaba (09988.HK), Meituan (03690.HK), and Huahong Hongli (01347.HK) amounted to HK$24.51 billion, HK$20.36 billion, and HK$19.39 billion, respectively. Under the Shanghai-Hong Kong Stock Connect, the most actively traded stock with the highest net inflow was Zhipu AI (02513.HK) at HK$11.3 billion, while Meituan (03690.HK) saw the largest net outflow of HK$9.66 billion. Under the Shenzhen-Hong Kong Stock Connect, the most actively traded stock with the highest net inflow was Tracker Fund of Hong Kong.
Express News | Xiaomi Group: Repurchased 3.8 million shares on July 17 at a cost of approximately HK$102 million
Express News | Xiaomi Legal Department: A blogger on a certain platform damaged the reputation of Xiaomi's automotive products and was sentenced to one year and eight months in prison in the first-instance ruling.
Hong Kong Market Midday Review | All three major indices declined, with the Hang Seng Tech Index down over 4%; AI application and memory stocks fell collectively, with Zhipu AI plunging nearly 22%, MiniMax dropping close to 14%, and CSOP Daily Leveraged 2
Tech and internet stocks declined, with Meituan-W falling 6.08% and Kuaishou-W dropping 5.80%; semiconductor stocks weakened, with Innoscience falling 10.17% and GigaDevice declining 8.67%; pharmaceutical stocks fell, with Insilico Intelligence down 12.12% and 3SBio dropping 10.61%;
World's third most powerful, with 'fable-level immersion'! Kimi K3 with 2.8 trillion parameters sets a new open-source record
In evaluations, Kimi K3's overall intelligence level is close to that of the world's leading closed-source models. According to GDPval-AA v2 data on knowledge work benchmarks, Kimi K3 scored higher than Claude Opus 4.8 Max, ranking just behind Claude Fable 5 Max and GPT-5.6 Sol Max. Prior to the model's official release under an open-weights license, reports indicated that Moonshot AI internally regarded it as a key product targeting Anthropic's latest flagship model, Claude Opus 4.8.
Hong Kong Market Compass | Tech stocks drive continued rebound; institutions see opportunities in AI-themed equities following adjustments
① With internet stocks driving a sustained rebound, how do institutional investors view the shift in market style? ② Institutions remain optimistic about opportunities in the AI theme following its recent correction—what signals should investors watch for?
These Chinese Tech Stocks Are on the Rise. Thank Apple and Its AI. -- Barrons.com
Zhitoong Hong Kong Connect Active Trading | July 16
Stock Connect Active Trading | July 16, 2026
Fund Flows | Southbound capital has been accumulating Alibaba for nine consecutive days, while AI hardware stocks faced concentrated selling pressure.
Track the latest developments of southbound capital flows.
Alibaba saw a net inflow of HK$2.833 billion via Stock Connect.
Southbound capital recorded net inflows into Alibaba (09988.HK), Zhipu AI (02513.HK), and Tencent (00700.HK) of HK$2.833 billion, HK$1.79 billion, and HK$1.179 billion, respectively. Net outflows were observed from Xiaomi Group (01810.HK), Kingboard Laminates (01888.HK), and Hua Hong Hongli (01347.HK), amounting to HK$1.372 billion, HK$1.173 billion, and HK$181 million, respectively. The most active stock by net southbound capital inflow via Stock Connect (Shanghai) was Zhipu AI (02513.HK) at HK$1.84 billion, while the highest
Express News | Southbound funds recorded net purchases exceeding HK$5 billion today, with Alibaba leading in net buying.
Express News | Southbound funds recorded a substantial net purchase of RMB 5.039 billion today. Via the Shanghai-Hong Kong Stock Connect, Zhipu and Alibaba-W saw net purchases of HKD 1.84 billion and HKD 1.191 billion, respectively; Xiaomi Group-W led in net sales, amou
UBS Group significantly raised its target price for AAC Technologies (02018.HK) to HK$48, citing optimism on its optical module and memory thermal management businesses, which stand to benefit from AI hardware upgrades by OpenAI and Apple.
Recently, UBS Group published a research report on China's smartphone industry, providing a comprehensive assessment of the current end-market environment and diverging trends across the supply chain. UBS Group expressed a positive outlook on AAC Technologies, an Apple supplier, noting that its rising per-unit content value and market share gains are offsetting weak demand, while its entry into AI-enabled devices presents long-term growth potential. UBS Group upgraded AAC Technologies (2018.HK) from a Neutral to a Buy rating and raised its price target to HK$48. UBS estimates global smartphone shipments will decline by 10% year-over-year in 2026, while revising Apple’s shipment growth forecast upward to +9% year-over-year, thereby mitigating downside risks for companies in Apple’s supply chain.
Hong Kong Market Midday Commentary | All three major indices rose, with the Hang Seng Tech Index gaining over 3%; tech and internet stocks advanced, Xiaomi and Kuaishou up more than 6%, and Meituan climbing over 5%; new energy vehicle and new consumption
Technology and internet stocks rose across the board, with Xiaomi Group-W up 6.26% and Kuaishou-W up 6.26%; semiconductor stocks declined, with Montage Technology down 17.15% and OmniVision Technologies up 8.35%; gold mining stocks rose uniformly, with Zhufeng Gold up 13.10% and Zijin Mining International up 5.65%;
Hong Kong Market Midday Report | Hang Seng Index Rises 1.93% at Midday; Xiaomi Group-W Up Over 6%
Xiaomi Group-W (01810) rose more than 6% after its MiMo on-device model received regulatory approval, and the company launched its embodied generative large model U0.