HK Stock Connect Daily Report: PATEO Rises 14.48% as Shareholders Voluntarily Extend Lock-up Periods - 20261014
- The HSTECH rose 0.91%, the HSI fell 0.13% and the HSCEI rose 0.10%; full-day HSI turnover reached HKD 193.5 billion, up from the previous session, with southbound net selling of HK$135 million, comprising HK$81 million via Shanghai and HK$54 million via Shenzhen.
- LIULIUMEI led Stock Connect gainers with a 21.84% rise, PATEO rose 14.48% and ILUVATAR COREX rose 8.83%; GON TECHNOLOGY fell 28.46%, TH MEDICAL-B fell 22.63% and HQVT fell 19.57%. ETF turnover was led by Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF at RMB 8.871 billion.
- PATEO shareholders voluntarily extended their lock-up periods; ALIBABA-W drew HK$1.190 billion of southbound net buying; innovative drug names pulled back, with HK Stock Connect innovative drug ETFs falling together; among HK Stock Connect-related ETFs, internet and oil and gas themes rose while the semiconductor theme fell.
I. Market Overview
On October 14, 2026, the three major Hong Kong indices opened lower and rallied before paring gains in the afternoon, with the Hang Seng TECH Index up 0.91%, the Hang Seng China Enterprises Index up 0.10% and the Hang Seng Index down 0.13%. Full-day turnover on the Hang Seng Index reached HKD 193.5 billion, up from HKD 187.6 billion a day earlier.
On the board, among Stock Connect constituent stocks, LIULIUMEI rose 21.84%, PATEO rose 14.48%, ILUVATAR COREX rose 8.83%, IMPACT THERAP-B rose 8.47% and CR BLDG MAT TEC rose 7.81%; on the downside, GON TECHNOLOGY fell 28.46%, TH MEDICAL-B fell 22.63%, HQVT fell 19.57%, HIPINE fell 14.97% and MICOT PHARMA-B fell 14.65%. Internet and consumer names strengthened, while innovative drug and semiconductor names weakened.
Southbound capital recorded net selling of HK$135 million on the day, comprising net selling of HK$81 million via Stock Connect (Shanghai) and net selling of HK$54 million via Stock Connect (Shenzhen), with both channels selling on a net basis.
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) |
|
Gainers No. 1 |
06658 |
LIULIUMEI |
21.84 |
155.100 |
1.43 |
|
Gainers No. 2 |
02889 |
PATEO |
14.48 |
62.050 |
0.98 |
|
Gainers No. 3 |
09903 |
ILUVATAR COREX |
8.83 |
92.400 |
8.98 |
|
Gainers No. 4 |
07630 |
IMPACT THERAP-B |
8.47 |
13.320 |
0.65 |
|
Gainers No. 5 |
01313 |
CR BLDG MAT TEC |
7.81 |
1.035 |
0.45 |
|
Decliners No. 5 |
02335 |
MICOT PHARMA-B |
-14.65 |
16.250 |
0.05 |
|
Decliners No. 4 |
02583 |
HIPINE |
-14.97 |
44.640 |
0.92 |
|
Decliners No. 3 |
01392 |
HQVT |
-19.57 |
20.140 |
1.75 |
|
Decliners No. 2 |
02697 |
TH MEDICAL-B |
-22.63 |
65.650 |
1.87 |
|
Decliners No. 1 |
02768 |
GON TECHNOLOGY |
-28.46 |
26.840 |
1.93 |
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 |
ALIBABA-W |
53.88 |
11.90 |
3.08 |
|
2 |
00700 |
TENCENT |
37.50 |
1.93 |
-0.42 |
|
3 |
01810 |
XIAOMI-W |
33.71 |
-4.87 |
5.35 |
|
4 |
00883 |
CNOOC |
24.48 |
-0.68 |
1.81 |
|
5 |
00981 |
SMIC |
23.84 |
-7.85 |
-2.25 |
|
6 |
01888 |
KB LAMINATES |
22.98 |
-3.38 |
-5.23 |
|
7 |
03690 |
MEITUAN-W |
21.07 |
2.78 |
6.64 |
|
8 |
06869 |
YOFC |
19.53 |
-4.93 |
-6.24 |
|
9 |
09926 |
AKESO |
15.65 |
7.72 |
-9.62 |
|
10 |
02513 |
Z.AI |
11.98 |
-0.64 |
-4.83 |
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) |
|
Gainers No. 1 |
159509 |
Invesco Great Wall NASDAQ Technology Market Capitalization Weighting ETF(QDII) |
3.87 |
28.49 |
|
Gainers No. 2 |
513350 |
Fullgoal S&P Oil & Gas Exploration and Production Selected Industry ETF(QDII) |
3.64 |
18.50 |
|
Gainers No. 3 |
159280 |
China Universal CNI HK Equities Internet ETF |
3.00 |
0.58 |
|
Gainers No. 4 |
159518 |
Harvest S&P Oil & Gas Exploration and Production Selected Industry ETF(QDII) |
2.95 |
8.06 |
|
Gainers No. 5 |
159607 |
Harvest CSI Overseas China Internet 30 ETF(QDII) |
2.86 |
1.61 |
|
Decliners No. 5 |
159217 |
ICBCCS CNI HK Equities Innovative Drugs ETF |
-3.12 |
3.14 |
|
Decliners No. 4 |
159297 |
China Southern CNI HK Equities Innovative Drugs ETF |
-3.14 |
1.53 |
|
Decliners No. 3 |
159286 |
Penghua CNI HK Equities Innovative Drugs ETF |
-3.21 |
0.68 |
|
Decliners No. 2 |
520500 |
Huatai-PB Hang Seng Innovative Drugs ETF(QDII) |
-3.24 |
8.03 |
|
Decliners No. 1 |
513310 |
Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF(QDII) |
-3.86 |
88.71 |
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 |
513310 |
Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF(QDII) |
CSI China-Korea Semiconductor Index |
88.71 |
81.10 |
-3.86 |
|
2 |
513120 |
GF CSI HK Innovative Drugs Industry ETF(QDII) |
CSI HK Innovative Drugs Industry Index (HKD) |
49.36 |
23.73 |
-2.83 |
|
3 |
159509 |
Invesco Great Wall NASDAQ Technology Market Capitalization Weighting ETF(QDII) |
NASDAQ Technology Market Capitalization Weighting Index |
28.49 |
12.87 |
3.87 |
|
4 |
513050 |
E Fund CSI Overseas China Internet 50 ETF |
CSI Overseas China Internet 50 Index (RMB) |
27.51 |
7.74 |
2.40 |
|
5 |
513180 |
ChinaAMC Hang Seng Technology ETF(QDII) |
Hang Seng TECH Index |
25.63 |
6.76 |
1.54 |
|
6 |
513130 |
Huatai-PB CSOP Hang Seng Technology Index ETF(QDII) |
Hang Seng TECH Index |
23.09 |
7.26 |
1.57 |
|
7 |
513090 |
E Fund CSI Hong Kong Securities Investment Theme ETF |
CSI Hong Kong Securities Investment Theme Index (HKD) |
22.32 |
12.95 |
-0.23 |
|
8 |
513330 |
ChinaAMC Hang Seng Internet Technology Industry ETF(QDII) |
Hang Seng Internet Technology Industry Index |
21.16 |
8.05 |
1.79 |
|
9 |
513350 |
Fullgoal S&P Oil & Gas Exploration and Production Selected Industry ETF(QDII) |
S&P Oil & Gas Exploration & Production Select Industry Index |
18.50 |
147.43 |
3.64 |
|
10 |
159792 |
Fullgoal CSI HK Equities Internet ETF |
CSI HK Equities Internet Index |
17.17 |
5.25 |
2.08 |
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. PATEO Rises 14.48% as Shareholders Voluntarily Extend Lock-up Periods
On October 14, PATEO (02889.HK) closed up 14.48% at HKD 62.050, with turnover of HK$98 million. On October 13, the company's board announced that it had received voluntary lock-up undertakings from shareholders Guangzhou Ping An Consumer Equity Investment Partnership and Sanfeng Holdings Management: Guangzhou Ping An extended its lock-up from 12 months to 18 months from the listing date, while Sanfeng Holdings undertook a six-month lock-up from the date of signing, with the two together holding 6,159,817 shares, about 3.69% of total issued shares. The 18-month lock-up undertakings given by two cornerstone investors announced in March 2026 remain in effect.
2. ALIBABA-W Attracts HK$1.190 Billion of Southbound Net Buying, Topping Turnover at HK$5.388 Billion
On October 14, ALIBABA-W (09988.HK) closed up 3.08% at HKD 110.500, with southbound turnover of HK$5.388 billion, the highest among Stock Connect stocks on the day, and southbound net buying of HK$1.190 billion, the largest net buy of the session. TENCENT (00700.HK) drew HK$193 million of southbound net buying and MEITUAN-W (03690.HK) drew HK$278 million. Hong Kong internet stocks rallied together, with the Hang Seng TECH Index up as much as 2.6% intraday before closing 0.91% higher; XIAOMI-W (01810.HK) rose 5.35%.
3. Southbound Net Selling Reaches HK$135 Million as Both Channels Sell
On October 14, southbound capital recorded net selling of HK$135 million, comprising net selling of HK$81 million via Stock Connect (Shanghai) and net selling of HK$54 million via Stock Connect (Shenzhen), with both channels selling on a net basis. At the stock level, southbound funds sold a net HK$785 million of SMIC (00981.HK), HK$493 million of YOFC (06869.HK), HK$487 million of XIAOMI-W (01810.HK) and HK$338 million of KB LAMINATES (01888.HK), while buying a net HK$772 million of AKESO (09926.HK) and HK$278 million of MEITUAN-W (03690.HK).
4. Innovative Drug Names Pull Back as HK Stock Connect Health Care ETFs Fall Together
On October 14, Hong Kong innovative drug names extended their correction, and HK Stock Connect-related innovative drug ETFs in the A-share market fell across the board: Huatai-PB Hang Seng Innovative Drugs ETF(QDII) (520500) fell 3.24%, Penghua CNI HK Equities Innovative Drugs ETF (159286) fell 3.21%, China Southern CNI HK Equities Innovative Drugs ETF (159297) fell 3.14%, ICBCCS CNI HK Equities Innovative Drugs ETF (159217) fell 3.12% and China Universal CNI HK Equities Innovative Drugs ETF (159570) fell 3.04%. On the news front, the European Society for Medical Oncology (ESMO) congress will be held on October 23, with more than 90 late-breaking abstract titles already published on its website, including pipeline assets from Chinese developers such as Akeso's ivonescimab. On the day, AKESO (09926.HK) drew HK$772 million of southbound net buying.
5. HK Stock Connect-related A-share ETFs Diverge as Internet and Oil and Gas Themes Rise and Semiconductor Theme Falls
On October 14, HK Stock Connect-related A-share ETFs in the A-share market diverged. On the upside, Invesco Great Wall NASDAQ Technology Market Capitalization Weighting ETF(QDII) (159509) rose 3.87%, Fullgoal S&P Oil & Gas Exploration and Production Selected Industry ETF(QDII) (513350) rose 3.64%, China Universal CNI HK Equities Internet ETF (159280) rose 3.00%, Harvest S&P Oil & Gas Exploration and Production Selected Industry ETF(QDII) (159518) rose 2.95% and Harvest CSI Overseas China Internet 30 ETF(QDII) (159607) rose 2.86%. On the downside, Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF(QDII) (513310) fell 3.86%. By turnover, the Huatai-PB semiconductor ETF led with RMB 8.871 billion, followed by GF CSI HK Innovative Drugs Industry ETF(QDII) (513120) at RMB 4.936 billion and the Invesco Great Wall NASDAQ Technology ETF at RMB 2.849 billion.
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