HK Stock Connect Daily Report: ALIBABA-W's HKD 80 Billion Placing All-In on AI, Hang Seng Index Loses 26,000 Level - 20260824
I. Market Overview
On August 24, the three major Hong Kong indices came under pressure and declined throughout the day. The Hang Seng Index fell 1.89% to 25,517.33 points, losing the 26,000 level; the Hang Seng TECH Index plunged 3.61%; and the Hang Seng China Enterprises Index fell 1.89%. Full-day turnover was HKD 291.151 billion, significantly higher than the previous trading day.
On the market, large tech and internet stocks came under collective pressure, with ALIBABA-W (09988.HK) announcing a proposed placing of HKD 80 billion in new shares, all to be invested in AI infrastructure, with its shares falling 8.54%. AI hardware stocks including optical communications and memory were the biggest drags, with ZJ INNOLIGHT (03308.HK) down 11.32% and CIG (06166.HK) down 6.79%. With the HSI quarterly review results released, related stocks surged against the tide, with DIAGENS-B (02526.HK) up 37.45% and FAMEGLOW (03774.HK) up 25.27%. Coal stocks rose against the tide, with YANCOAL AUS (03668.HK) up 4.23% and nearly 70% of the sector reporting gains. Robot concept and most pharma stocks came under broad pressure. SMIC (00981.HK) fell 7.93%.
Southbound capital recorded a net buy of HKD 11.6 billion on the day. Within that, Stock Connect (Shanghai) saw a net buy of HKD 8.893 billion and Stock Connect (Shenzhen) a net buy of HKD 2.674 billion.
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 |
00917.HK |
QUNABOX GROUP |
19.11 |
9.41 |
4.47 |
|
Gainer 2 |
02583.HK |
HIPINE |
18.76 |
72.50 |
1.11 |
|
Gainer 3 |
01333.HK |
BRETON |
9.82 |
11.97 |
0.38 |
|
Gainer 4 |
02218.HK |
ANDRE JUICE |
8.41 |
20.76 |
0.93 |
|
Gainer 5 |
02097.HK |
MIXUE GROUP |
7.82 |
250.80 |
3.45 |
|
Loser 5 |
02718.HK |
MININGLAMP-W |
-11.91 |
35.96 |
1.37 |
|
Loser 4 |
02570.HK |
REFIRE |
-13.50 |
13.91 |
0.21 |
|
Loser 3 |
02498.HK |
ROBOSENSE |
-14.52 |
17.90 |
3.07 |
|
Loser 2 |
01513.HK |
LIVZON PHARMA |
-15.73 |
21.00 |
1.63 |
|
Loser 1 |
02255.HK |
HAICHANG HLDG |
-15.87 |
0.27 |
0.40 |
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 |
09988.HK |
ALIBABA-W |
176.96 |
21.84 |
-8.54 |
|
2 |
00981.HK |
SMIC |
71.62 |
-18.95 |
-7.93 |
|
3 |
00700.HK |
TENCENT |
63.71 |
15.43 |
-3.72 |
|
4 |
02800.HK |
Tracker Fund Of Hong Kong |
40.47 |
38.62 |
-1.96 |
|
5 |
02513.HK |
Z.AI |
37.59 |
-0.86 |
-10.81 |
|
6 |
06869.HK |
YOFC |
34.41 |
8.22 |
0.57 |
|
7 |
00100.HK |
MINIMAX-W |
25.47 |
1.96 |
-10.08 |
|
8 |
01888.HK |
KB LAMINATES |
17.83 |
0.49 |
-5.85 |
|
9 |
01810.HK |
XIAOMI-W |
13.92 |
4.72 |
-4.14 |
|
10 |
09992.HK |
POP MART |
13.31 |
-4.26 |
4.03 |
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.
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 |
520990 |
Invesco Great Wall CSI Guoxin HK Equities Central Enterprise Dividends ETF |
1.10 |
1.62 |
|
Gainer 2 |
520900 |
GF CSI Guoxin HK Equities Central Enterprise Dividends ETF |
1.00 |
0.59 |
|
Gainer 3 |
520660 |
China Southern CSI Guoxin HK Equities Central Enterprise Dividends ETF |
0.90 |
0.84 |
|
Gainer 4 |
513690 |
Bosera Hang Seng HK High Dividend Yield ETF |
0.85 |
1.52 |
|
Gainer 5 |
159569 |
Invesco Great Wall CNI HK Equities Dividend Low Volatility Rate ETF |
0.77 |
0.70 |
|
Loser 5 |
159170 |
Maxwealth CNI HK Equities Internet ETF |
-3.77 |
0.13 |
|
Loser 4 |
520980 |
China Universal Hang Seng HK Equities China Technology ETF |
-3.82 |
2.96 |
|
Loser 3 |
159015 |
Guolian Hang Seng HK Technology Theme ETF |
-3.82 |
0.06 |
|
Loser 2 |
159191 |
E Fund CNI HK Equities Technology ETF |
-3.88 |
0.06 |
|
Loser 1 |
159262 |
GF Hang Seng HK Technology Theme ETF |
-3.91 |
2.93 |
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 |
159570 |
China Universal CNI HK Equities Innovative Drugs ETF |
CNI HK Equities Innovative Drugs Index |
17.39 |
7.18 |
-1.82 |
|
2 |
159792 |
Fullgoal CSI HK Equities Internet ETF |
CSI HK Equities Internet Index |
15.01 |
3.90 |
-3.05 |
|
3 |
159131 |
Hwabao CSI HK Equities Information Technology Integration ETF |
CSI HK Equities Information Technology Integration Index (RMB) |
11.16 |
50.62 |
-3.30 |
|
4 |
159567 |
Yinhua CNI HK Equities Innovative Drugs ETF |
CNI HK Equities Innovative Drugs Index |
10.52 |
13.98 |
-1.96 |
|
5 |
159316 |
E Fund Hang Seng HK Innovative Drugs ETF |
Hang Seng HK Innovative Drugs Index |
6.91 |
10.78 |
-2.04 |
|
6 |
159217 |
ICBCCS CNI HK Equities Innovative Drugs ETF |
CNI HK Equities Innovative Drugs Index |
6.42 |
9.07 |
-2.24 |
|
7 |
513780 |
Invesco Great Wall CSI HK Equities Innovative Drugs ETF |
CNI HK Equities Innovative Drugs Index |
6.33 |
20.78 |
-2.80 |
|
8 |
513750 |
GF CSI HK Connect Financials (ex Banks) Thematic ETF |
CSI HK Connect Financials (ex Banks) Thematic Index (RMB) |
5.85 |
4.72 |
0.40 |
|
9 |
159506 |
Fullgoal Hang Seng HK Equities Innovative Drugs And Health Care ETF |
Hang Seng HK Equities Innovative Drugs And Health Care Index |
4.93 |
15.12 |
-2.57 |
|
10 |
520700 |
Wanjia CSI HK Equities Innovative Drugs ETF |
CNI HK Equities Innovative Drugs Index |
4.63 |
66.02 |
-2.60 |
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.
IV. Industry and Corporate Updates
1. ALIBABA-W proposes placing of HKD 80 billion in new shares, all to be invested in AI infrastructure
On August 24, ALIBABA-W (09988.HK) announced it had completed pricing for a placing of HKD 80 billion in new shares, planning to place 710 million new shares at HKD 112.70 per share, a discount of approximately 8.37% to last Friday's closing price. This is ALIBABA-W's first new share placing since its Hong Kong listing in 2019, with the new shares representing approximately 3.57% of the enlarged total issued shares. Net proceeds from the placing amount to approximately HKD 79.7 billion, and will be 100% invested in full-stack AI capabilities to strengthen AI infrastructure construction. ALIBABA-W is a Stock Connect constituent.
2. SINOPEC CORP posts interim net profit of RMB 25.6 billion, up 19.3% year-on-year
On August 23, SINOPEC CORP (00386.HK) released its 2026 interim results, with first-half operating revenue of RMB 1,436.561 billion, up 2% year-on-year; net profit attributable to parent shareholders of RMB 25.627 billion, up 19.3% year-on-year; and basic earnings per share of RMB 0.212. The company declared an interim dividend of 10.5 cents per share. SINOPEC CORP is a Stock Connect constituent.
3. VOICECOMM plans to repurchase H shares for no more than HKD 100 million
On August 24, VOICECOMM (02495.HK) announced that its board resolved to exercise the H-share repurchase mandate granted at the annual general meeting on June 25 2026, intending to repurchase H shares from time to time on the open market with its own funds, for a total amount not exceeding HKD 100 million. The repurchased shares will be held as treasury shares. VOICECOMM is a Stock Connect constituent.
4. STAR SHINE HLDG added to Hang Seng Composite Index; expects swing to profit in first half
On August 21, Hang Seng Indexes Company announced the semi-annual index review results, with STAR SHINE HLDG (01440.HK) added to the Hang Seng Composite Index; the change will be implemented after market close on September 4 and take effect on September 7. STAR SHINE HLDG previously issued a positive profit alert, expecting net profit of no less than approximately RMB 24 million in the first half, swinging to profit year-on-year. Following inclusion in the Hang Seng Composite Index, STAR SHINE HLDG is expected to be potentially included in Stock Connect. STAR SHINE HLDG is a potential Stock Connect constituent.
5. RED AVENUE NEW MATERIALS, QDAMA and Kingzhiwei AI among multiple companies filing with HKEX
On August 21, Red Avenue New Materials Group (603650.SH), Qdama International Holdings, Zhuhai Kingzhiwei Artificial Intelligence and InnoCare Pharma (688382.SH) among others submitted listing applications to the HKEX Main Board. Among them, RED AVENUE NEW MATERIALS is a second filing, appointing Haitong International as sole sponsor; InnoCare Pharma is an A-share STAR Market listed company primarily engaged in innovative drug R&D. If these companies successfully list and meet the conditions, they are expected to enter the Stock Connect candidate pool.
V. Market Notes
Eligible securities list adjustment announcement
No new announcements.
Trading calendar
No approaching market closure days.
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