Northbound funds sold over 7 billion Hong Kong dollars worth of Hong Kong stocks! Sold Tencent for nearly 1.5 billion Hong Kong dollars, increased holdings in Meituan by over 0.7 billion Hong Kong dollars.

On April 25th (Friday), the southbound funds today had a net Sell of 7.019 billion HKD in Hong Kong stocks, with TENCENT, Alibaba-W, and POP MART experiencing net Sell of 1.489 billion HKD, 0.895 billion HKD, and 0.652 billion HKD respectively.

Futu NewsApr 25 17:40

HKBN (01310.HK) CEO: Business is expected to be less affected by geopolitical issues and tariffs.

The managing director, executive vice chairman, and CEO of HKBN, Yang Zhuguang, stated that the group has resilience against recession, and its industry is less affected by global geopolitical and tariff war instability factors. The impact on business customers is also minimal; currently, about 5% of the company's customers are engaged in import and export business, with exports to the USA accounting for only 6.5%, so the actual potential impact percentage is only around 0.3%. He also mentioned that the group's business is resilient and can continuously generate recurring income, with an EBITDA growth of 5% in the first half of the fiscal year, which is one of the better growth rates in the industry, and there is confidence that future performance will continue to improve.

AASTOCKSApr 25 17:37

Hong Kong stock Concept Tracking | Bullish catalysts continue! Shanghai's four ministries jointly support commercial aerospace, and the Industry Chain will enter a period of high prosperity (including concept stocks).

Sealand stated that with multiple factors accelerating the launch process of low Earth orbit Satellites in China, it is expected that China's commercial space Industry Chain will enter a high prosperity cycle.

Zhitong FinanceApr 25 07:21

The net Inflow for Alibaba through the Hong Kong Stock Connect is 1.61 billion Hong Kong dollars.

Northbound capital flow from the South had a net inflow into Alibaba (09988.HK), Meituan (03690.HK), and Xpeng Autos (09868.HK), reaching 1.61 billion HKD, 1.313 billion HKD, and 0.257 billion HKD respectively. The net outflow from Northbound capital flow included China Mobile (00941.HK), CNOOC (00883.HK), and Tencent (00700.HK), reaching 0.357 billion HKD, 0.335 billion HKD, and 0.283 billion HKD respectively. The maximum net inflow of capital via SH->HK Connect was into Alibaba (09988.HK) with 1.445 billion HKD.

AASTOCKSApr 24 18:25

Northbound capital increased its holdings in Hong Kong stocks by nearly 3.4 billion HKD! It aggressively purchased over 1.6 billion HKD in Alibaba and over 1.3 billion HKD in Meituan.

On April 24 (Thursday), CHINA MOBILE, CNOOC, and TENCENT were respectively faced with net Sell of 0.357 billion HKD, 0.335 billion HKD, and 0.283 billion HKD.

Futu NewsApr 24 17:35

Express News | Southbound funds had a net Buy of 3.387 billion HKD today, with MEITUAN-W receiving the highest amount.

BreakingsApr 24 17:32