HK Stock Connect Daily Report: Southbound Capital Posts Net Selling of HKD 2.906 Billion, Property and Memory Chip Concepts Rise Against the Trend - 20260812

NewTimeSpace · 2026/08/12 17:54 · By Zeyu Wu

On 12 August, Hong Kong's three major indices weakened across the board, with the Hang Seng Index down 0.83% at 25,440.17 points, the Hang Seng TECH Index down 0.99%, and turnover of HKD 216.779 billion. Property stocks strengthened, with CHINA JINMAO up 13.92% and YUEXIU PROPERTY up 9.99%, as Beijing's new property policies were implemented. Memory chip and optical communication concepts were active, with MONTAGE TECH up 7.60% and KB LAMINATES up 10.70%. Most tech stocks corrected, with TENCENT MUSIC-SW down 12.55%. Southbound capital recorded net selling of HKD 2.906 billion. MINIMAX-W surged 8.96% against the trend and HUA HONG GRACE rose 7.13%. GALAXY ENT's interim dividend increased nearly 30%, and NSING TECH raised prices of some chips by 10% to 20%.

I. Market Overview

On 12 August, Hong Kong's three major indices weakened across the board, with the Hang Seng Index down 0.83% at 25,440.17 points, the Hang Seng TECH Index down 0.99%, and the Hang Seng China Enterprises Index down 0.96%. Full-day turnover reached HKD 216.779 billion, slightly up from the previous trading day.

On the board, property stocks strengthened, with CHINA JINMAO (00817) up 13.92% and YUEXIU PROPERTY (00123) up 9.99%, as the implementation of Beijing's new property market policies lifted market expectations. The memory chip concept was active, with MONTAGE TECH (06809) up 7.60%, as Temasek plans to make its first direct investment in Korean stocks, including Samsung Electronics and SK Hynix, raising expectations for valuation recovery in the memory supply chain. The optical communication concept rose, with CREALIGHTS (01191) up 12.72% and ZJ INNOLIGHT (03308) up 8.83%, as Lumentum beat expectations. The PCB concept strengthened, with KB LAMINATES (01888) up 10.70%. Most tech stocks corrected, with TENCENT MUSIC-SW (01698) down 12.55% and NETEASE (09999) down 5.08%. Oil stocks weakened, with YANCHANG PETRO (00346) down 2.95%.

Southbound capital recorded net selling of HKD 2.906 billion on the day, of which southbound net selling of HKD 1.882 billion was seen through Stock Connect Shanghai and net selling of HKD 1.024 billion through Stock Connect Shenzhen.

II. HK Stock Connect Stock Rankings

2.1 HK Stock Connect Stock Gainers and Decliners

Category	Stock Code	Stock Name	Change (%)	Close (HKD)	Turnover (HKD 100mn)
Gainer 1	01196.HK	REALORD TECH	13.96	6.74	2.87
Gainer 2	00817.HK	CHINA JINMAO	13.92	1.56	2.75
Gainer 3	01888.HK	KB LAMINATES	10.70	38.70	44.98
Gainer 4	00772.HK	CHINA LIT	10.13	22.84	4.15
Gainer 5	00123.HK	YUEXIU PROPERTY	9.99	3.91	0.82
Loser 5	09999.HK	NETEASE	-5.08	192.50	11.32
Loser 4	02652.HK	CF PHARMTECH	-7.15	16.11	0.88
Loser 3	06651.HK	51WORLD	-7.50	70.95	4.03
Loser 2	01811.HK	CGN NEW ENERGY	-8.65	2.06	1.10
Loser 1	00268.HK	KINGDEE INT'L	-8.68	8.21	5.98

Source: Wind, HKEX. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

2.2 HK Stock Connect Active Stocks (ranked by southbound turnover)

Rank	Stock Code	Stock Name	Southbound Turnover (HKD 100mn)	Southbound Net Buy (HKD 100mn)	Change (%)
1	00700.HK	TENCENT	64.36	6.83	-1.95
2	02513.HK	Z.AI	57.53	4.17	1.34
3	00100.HK	MINIMAX-W	49.37	7.09	8.96
4	09988.HK	ALIBABA-W	46.41	-14.61	-3.01
5	01888.HK	KB LAMINATES	41.10	-9.79	10.70
6	00981.HK	SMIC	35.56	4.57	3.22
7	01347.HK	HUA HONG GRACE	32.28	-4.96	7.13
8	06869.HK	YOFC	28.07	-2.45	7.53
9	03986.HK	GIGADEVICE	18.64	-1.29	5.10
10	01810.HK	XIAOMI-W	15.06	1.77	-1.13

III. HK Stock Connect-related A-share ETF Rankings

3.1 HK Stock Connect-related A-share ETF Gainers and Decliners

Category	Code	Short Name	Change (%)	Turnover (RMB 100mn)
Gainer 1	159196	E Fund CSI HK Equities Information Technology Integration ETF	1.47	2.87
Gainer 2	159198	Fullgoal CSI HK Equities Information Technology Integration ETF	1.31	1.33
Gainer 3	513240	Huaan CSI HK Equities Information Technology Integration ETF	1.28	0.96
Gainer 4	526000	ChinaAMC CSI HK Equities Information Technology Integration ETF	1.27	4.84
Gainer 5	526030	China Universal CSI HK Equities Information Technology Integration ETF	1.27	0.23
Loser 5	513720	Guotai CSI HK Equities Internet ETF	-2.27	0.24
Loser 4	513040	E Fund CSI HK Equities Internet ETF	-2.30	8.23
Loser 3	520650	China Southern CSI HK Equities Internet ETF	-2.33	1.31
Loser 2	159040	Penghua CSI HK Equities Internet ETF	-2.33	0.06
Loser 1	513770	Hwabao CSI HK Equities Internet ETF	-2.36	6.16

Source: Wind. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

3.2 HK Stock Connect-related A-share ETF Active Rankings (ranked by turnover)

Rank	Code	Short Name	Tracking Index	Turnover (RMB 100mn)	Turnover Rate (%)	Change (%)
1	159792	Fullgoal CSI HK Equities Internet ETF	CSI HK Equities Internet Index	23.40	5.41	-1.94
2	159570	China Universal CNI HK Equities Innovative Drugs ETF	CNI HK Equities Innovative Drugs Index	19.37	7.58	-0.95
3	159131	Hwabao CSI HK Equities Information Technology Integration ETF	CSI HK Equities Information Technology Integration Index (CNY)	14.34	59.50	1.15
4	159567	Yinhua CNI HK Equities Innovative Drugs ETF	CNI HK Equities Innovative Drugs Index	9.15	11.88	-0.56
5	513750	GF CSI HK Connect Financials (ex Banks) Thematic ETF	CSI HK Connect Financials (ex Banks) Thematic Index (CNY)	8.57	6.26	-0.54
6	159316	E Fund Hang Seng HK Innovative Drugs ETF	Hang Seng HK Innovative Drugs Index	8.42	12.56	-1.02
7	513040	E Fund CSI HK Equities Internet ETF	CSI HK Equities Internet Index	8.23	12.12	-2.30
8	513770	Hwabao CSI HK Equities Internet ETF	CSI HK Equities Internet Index	6.16	11.02	-2.36
9	159217	ICBCCS CNI HK Equities Innovative Drugs ETF	CNI HK Equities Innovative Drugs Index	6.12	8.29	-0.75
10	513980	Invesco Great Wall CSI HK Equities Technology ETF	CNI HK Equities Technology Index	5.85	5.29	-0.64

IV. Industry and Corporate Updates

1. GALAXY ENT Posts H1 Net Profit of HKD 5.3 Billion, Interim Dividend Up Nearly 29% YoY

On 12 August, GALAXY ENT (00027.HK) released its 2026 interim results, with net revenue of HKD 24.2 billion in H1, up 4% year on year; adjusted EBITDA of HKD 7 billion, up 1% year on year; profit attributable to shareholders of HKD 5.3 billion, up 1% year on year; and an interim dividend of HKD 0.90 per share, up nearly 29% year on year. GALAXY ENT is a southbound Stock Connect eligible stock.

2. GBA AI COMP Accelerates AI Computing Power Expansion, New Orders Exceed RMB 15 Billion in H1

According to the announcement of GBA AI COMP (01396.HK), in the first half of 2026 the Group recorded cumulative new intention orders for AI computing power cloud services of over RMB 15 billion, corresponding to an AI computing power scale of approximately 35,000 PFLOPS (FP16 dense); as of 30 June 2026, newly delivered order value exceeded RMB 2 billion, corresponding to newly delivered and operating computing power of approximately 6,000 PFLOPS. With over RMB 15 billion of orders previously entered into stable billing, the company's total orders in hand have reached the RMB 30 billion level. GBA AI COMP is a southbound Stock Connect eligible stock.

3. NSING TECH to Raise Prices of Some Chip Products by 10% to 20%, AI Demand Intensifies MCU Supply-Demand Tension

On the evening of 11 August, NSING TECH (02701.HK) issued a product price adjustment notice, deciding to raise prices of some of its products by 10% to 20% effective 1 October 2026. The company stated that, driven by the continued heating-up of the AI industry this year, the imbalance between demand growth and supply of MCU products has become prominent. NSING TECH was added to the southbound Stock Connect eligible list on 23 March 2026.

4. PATEO Wins Project Nomination from Leading Domestic NEV Maker, First Pure-Domestic Cockpit-Driving Integrated AI Cockpit Nomination in the Industry

On 11 August, PATEO (02889.HK) announced that it recently received a project nomination notice from a leading domestic new energy vehicle manufacturer, becoming a supplier for the customer's new model platform. The project adopts Horizon Starry Sky chip solutions and marks the industry's first high-end AI cockpit nomination with a pure-domestic cockpit-driving integrated chip. PATEO was officially included in the southbound Stock Connect eligible list on 9 March 2026.

5. NOVOSENSE's A+H Share Incentive Plan Implemented, Repurchased Shares Intended for Employee Incentives

On 12 August, NOVOSENSE (02676.HK) announced that its A+H share incentive plan has been formally implemented. The shareholders' meeting approved the plan on 23 July, and on 24 July the company granted A-share restricted shares (grant price RMB 139.87 per share) to 528 employees, and H-share awards (subscription price HKD 72.60) to 72 grantees. NOVOSENSE was added to the southbound Stock Connect eligible list on 5 January 2026.

V. Market Notes

Eligible securities list adjustment announcement

No new announcements.

Trading calendar

No approaching market closure days.

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HK Stock Connect Daily Report REALORD TECH Tencent E Fund CSI HK Equities Information Technology Integration ETF Fullgoal CSI HK Equities Internet ETF