HK Stock Connect Daily Report: HSI falls 0.93% as Stock Connect list adjustment takes effect, 54 stocks added and 15 removed - 20260907

I. Market Overview

On 7 September, Hong Kong's three major indices came under pressure: the Hang Seng Index fell 0.93% to close at 25,413.12 points, the Hang Seng TECH Index fell 0.92% and the Hang Seng China Enterprises Index fell 1.46%. Full-day turnover stood at HK$ 209.673 billion.

On the trading front, optical communication and other computing-power hardware names led gains, with CIG (06166.HK) up 24.37% and ZJ INNOLIGHT (03308.HK) up 19.58%, as OpenAI's release of GPT-6 Astra validated the logic of computing-power expansion. PCB names were among the top gainers, with DELTON (01989.HK) up 14.68% and KB LAMINATES (01888.HK) up 7.82%. HUA HONG GRACE (01347.HK), which officially joined the Hang Seng Index constituents today, rose 4.92%. Chinese banking H-shares broadly corrected, with CM BANK (03968.HK) down 2.72%, while ICBC and ABC disclosed private placement plans on the same day with combined proceeds of no more than RMB 260 billion. AI application names and heavyweight technology stocks weakened, with TENCENT down 0.99% and Alibaba down 0.45%. MANYCORE TECH (00068.HK), newly added to Stock Connect, surged 29.9%, and JINHAI MED TECH (02225.HK) rose 14.05%; among stocks removed from Stock Connect, SYNAGISTICS (02562.HK) plunged 37.04% and REFIRE (02570.HK) fell 29.55%.

Southbound capital recorded net buying of HK$ 1.275 billion on the day, of which Shanghai Connect net bought HK$ 798 million and Shenzhen Connect net bought HK$ 477 million.

II. HK Stock Connect Stock Rankings

2.1 HK Stock Connect Stock Gainers and Decliners

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)

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

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)

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. Shanghai and Shenzhen exchanges adjust the Stock Connect list: 54 securities added, with Baidu, MANYCORE TECH and XIZHI TECH among the new entrants

On 7 September, the Shanghai and Shenzhen stock exchanges announced adjustments to the list of securities eligible for Stock Connect, effective the same day. A total of 54 securities were added to the Stock Connect list, including Baidu Group (09888.HK), MANYCORE TECH (00068.HK), TONGGUAN GOLD (00340.HK), YUNFENG FIN (00376.HK), AXERA (00600.HK), HARBIN ELECTRIC (01133.HK), ASCLETIS-B (01672.HK), XIZHI TECH-P (01879.HK), CSTONE PHARMA-B (02616.HK), HENLIUS (02696.HK), DIAGENS-B (02526.HK), ALEBUND-B (09637.HK), SIGENERGY (06656.HK), INSILICO (03696.HK) and METIS TECHBIO-P (07666.HK). Removed securities included MING YUAN CLOUD (00909.HK), NISSIN FOODS (01475.HK), JS GLOBAL LIFE (01691.HK), TIANLI INT HLDG (01773.HK), YIDU TECH (02158.HK), HAICHANG HLDG (02255.HK) and REFIRE (02570.HK).

2. Baidu Group formally included in Stock Connect; Citi expects about HK$ 47 billion of incremental southbound inflows over 2 to 4 months

On 7 September, Baidu Group (09888.HK) was formally added to the Stock Connect list of eligible securities, effective the same day. Baidu completed its conversion to dual primary listing in Hong Kong on 1 September, becoming Stock Connect-eligible just one weekend later. Based on its internal estimates, Citi expects Baidu could attract net new southbound inflows of about USD 6 billion (approximately HK$ 47 billion) over the next 2 to 4 months. Morgan Stanley previously estimated southbound inflows of USD 3 billion to USD 6.8 billion in the first 6 to 12 months after inclusion. Baidu is now a Stock Connect eligible security.

3. Medcaptain Medical lists on the HKEX today, closing over 42% below its offer price on debut

On 7 September, medical device supplier Medcaptain Medical Technology Co., Ltd. (02041.HK) was formally listed on the Main Board of the Stock Exchange of Hong Kong, with Morgan Stanley and Huatai International as joint sponsors. The final offer price was set at HK$ 15.42 per share, with 38.9106 million H shares offered globally, raising total proceeds of approximately HK$ 600 million. The stock opened at HK$ 10 on its debut day, down 35.1% from the offer price, and closed at HK$ 8.8, down 42.9% from the offer price, on turnover of 12.1585 million shares worth HK$ 128 million. Market analysis attributed the weakness mainly to the absence of cornerstone investor support and volatile sentiment around new listings of Hong Kong-listed medical device companies.

4. INSILICO issues positive profit alert, turning profitable in H1 with expected net profit of USD 33.5 million to USD 39.5 million

On 7 September, INSILICO (03696.HK) issued a positive profit alert, expecting to record a net profit of approximately USD 33.5 million to USD 39.5 million for the first half, versus a net loss of USD 19.2 million in the same period of 2025, turning profitable. The Group stated that the turnaround in revenue and profit was mainly attributable to continued revenue growth, with income from out-licensing, co-development and research collaboration agreements rising substantially year on year, combined with systematic improvements in operating efficiency. INSILICO was formally included in Stock Connect on 7 September.

5. TONGGUAN GOLD posts H1 net profit of HK$ 523 million, up 53% year on year, and joins Stock Connect today

On 7 September, TONGGUAN GOLD (00340.HK) was formally added to the Stock Connect list of eligible securities, effective the same day. The company also announced interim results on the same day, posting revenue of HK$ 1.575 billion for the first half, up 53% year on year; profit attributable to owners of the company of HK$ 523 million, up 52.5% year on year; and basic earnings per share of 9.85 HK cents. Together with interim results that beat expectations on 25 August, capital flows and fundamentals formed a window of resonance. TONGGUAN GOLD is now a Stock Connect eligible security.

V. Market Notes

Eligible securities list adjustment announcement

see the article "New Round of Stock Connect List Adjustment Lands: 54 Stocks Added, 15 Removed" for details.

Trading calendar

No approaching market closure days.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.