Zhitong Stock Connect Active Trading | August 7
Stock Connect Active Trading | August 7, 2026
Southbound Capital Flows | Southbound capital recorded a net sell-off of HK$778 million; continued accumulation of MINIMAX (00100) with combined purchases over two days exceeding HK$4.9 billion
On August 7, southbound capital recorded a net selling of HK$778 million in the Hong Kong stock market. Of this, Stock Connect (Shanghai) reported a net buying of HK$571 million, while Stock Connect (Shenzhen) reported a net selling of HK$1.349 billion.
Semiconductor Manufacturing International Stock Climbs 2.4% in Hong Kong
Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up 0.78%; large-model-related stocks performed strongly, Zhipu AI surged nearly 15%, and MINIMAX gained almost 10%; PCB-related stocks advanced, with T.T. Board Holdings rising
Technology and internet stocks declined across the board, with SenseTime Group down 3.95% and NetEase up 1.08%; pharmaceutical stocks rose collectively, led by Pharmaron advancing 12.07% and Insilico Medicine up 10.88%; semiconductor stocks gained, with GigaDevice rising 6.80% and Tianshu Zhixin up 6.31%;
Cyclical Review: What Enables Domestic Chinese Semiconductor Design Firms to Compete with Global Giants?
The semiconductor memory market continues to heat up, with surging AI computing demand driving a significant rise in memory chip prices, intensifying market discussions about whether a bubble exists in the memory sector. However, reviewing the decades-long development pattern of the semiconductor industry, cyclical fluctuations are an inherent and unavoidable characteristic. Even the current high-flying memory segment, enjoying exceptional momentum and sustained price increases, cannot escape the recurring cycle of booms and busts. These cyclical tides—ebbing and flowing—have persisted throughout the evolution of the semiconductor industry and have profoundly shaped the competitive landscape and strategic trajectories of global chipmakers. A retrospective analysis of the global semiconductor supercycle from 2020 to 2023 shows that foundry pricing remained
Earnings Preview: SMIC to Report Financial Results on August 13
$SMIC(00981.HK)$ is scheduled to release its financial results on August 13 BJT. Earnings PreviewAnalysts estimate $SMIC(00981.HK)$ to post revenue of USD2.82B for 2026Q2, up 27.85% YOY; EPS is