HK Stock Connect Daily Report: MICOT PHARMA-B Surges 64.05% on Proposed H-share Incentive Plan and Buyback Mandate - 20261016

NewTimeSpace · 2026/10/16 17:57 · By Boyuan Chen

On October 16, 2026, the HSTECH rose 1.16% and the HSI gained 0.52%. MICOT PHARMA-B surged 64.05%, while southbound capital saw net selling of HK$3.568 billion.

Key Highlights:

The HSTECH rose 1.16%, having gained as much as 2.4% intraday, while the HSI rose 0.52% and the HSCEI rose 0.31%; full-day turnover on the HSI reached HKD 178.2 billion, down sharply from the previous session, with southbound net selling of HK$3.568 billion, comprising HK$2.066 billion via Shanghai and HK$1.503 billion via Shenzhen.
MICOT PHARMA-B led Stock Connect gainers with a 64.05% surge, SHANGHAI FUDAN rose 13.11% and DUALITYBIO-B rose 10.89%; YUNJI fell 25.13%, ABLE DIGITAL fell 15.52% and VIEWTRIX TECH fell 10.47%. ETF turnover was led by Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF at RMB 10.214 billion.
MICOT PHARMA-B proposed an H-share incentive plan and a share buyback mandate; sentiment in the A-share memory and semiconductor chain improved, lifting SHANGHAI FUDAN; LENOVO Group was named by Jensen Huang as Hong Kong memory, optical communication and PCB names rebounded together; among HK Stock Connect-related ETFs, QDII technology and innovative drug themes rose while oil and gas and financial themes slipped.

I. Market Overview

On October 16, 2026, the three major Hong Kong indices opened higher and rallied before paring gains in the afternoon. The Hang Seng TECH Index rose 1.16%, having gained as much as 2.4% during the session; the Hang Seng Index rose 0.52%; and the Hang Seng China Enterprises Index rose 0.31%. Full-day turnover on the Hang Seng Index reached HKD 178.2 billion, down sharply from HKD 224.2 billion a day earlier.

On the board, among Stock Connect constituent stocks, MICOT PHARMA-B rose 64.05%, SHANGHAI FUDAN rose 13.11%, DUALITYBIO-B rose 10.89%, LIULIUMEI rose 10.86% and MARKETINGFORCE rose 9.85%; on the downside, YUNJI fell 25.13%, ABLE DIGITAL fell 15.52%, VIEWTRIX TECH fell 10.47%, CENTRAL NEW EGY fell 9.93% and GANFENGLITHIUM fell 6.41%. Semiconductor, optical communication and PCB names rebounded across the board, while pharmaceutical and lithium battery names diverged internally.

Southbound capital recorded net selling of HK$3.568 billion on the day, comprising net selling of HK$2.066 billion via Stock Connect (Shanghai) and net selling of HK$1.503 billion 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	02335	MICOT PHARMA-B	64.05	24.000	4.21
Gainers No. 2	01385	SHANGHAI FUDAN	13.11	24.840	2.72
Gainers No. 3	09606	DUALITYBIO-B	10.89	170.000	2.99
Gainers No. 4	06658	LIULIUMEI	10.86	164.300	0.94
Gainers No. 5	02556	MARKETINGFORCE	9.85	47.720	2.83
Decliners No. 5	01772	GANFENGLITHIUM	-6.41	23.960	7.29
Decliners No. 4	01735	CENTRAL NEW EGY	-9.93	9.160	3.38
Decliners No. 3	03310	VIEWTRIX TECH	-10.47	16.670	0.11
Decliners No. 2	02687	ABLE DIGITAL	-15.52	147.500	0.07
Decliners No. 1	02670	YUNJI	-25.13	4.945	1.64

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	TENCENT	27.63	3.88	0.00
2	01810	XIAOMI-W	21.66	-5.06	-1.55
3	09988	ALIBABA-W	20.32	-2.51	2.26
4	06869	YOFC	17.24	-0.28	1.14
5	02269	WUXI BIO	16.12	-6.68	-0.90
6	01888	KB LAMINATES	14.48	-3.05	3.13
7	00981	SMIC	13.51	-0.56	0.48
8	02513	Z.AI	12.75	-1.22	0.88
9	00883	CNOOC	11.05	-2.09	-0.99
10	01299	AIA	7.74	7.64	1.17

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)	2.88	19.34
Gainers No. 2	159529	Invesco Great Wall S&P Consumption Selected ETF(QDII)	2.88	13.42
Gainers No. 3	159502	Harvest S&P Biotechnology Selected Industry ETF(QDII)	2.47	1.75
Gainers No. 4	513290	China Universal NASDAQ Biotechnology Technology ETF(QDII)	2.46	4.39
Gainers No. 5	513400	Penghua Dow Jones Industrial Average ETF(QDII)	2.39	3.60
Decliners No. 5	513350	Fullgoal S&P Oil & Gas Exploration and Production Selected Industry ETF(QDII)	-1.48	5.12
Decliners No. 4	159518	Harvest S&P Oil & Gas Exploration and Production Selected Industry ETF(QDII)	-1.94	2.76
Decliners No. 3	526090	Fullgoal CSI HK Equities Interior Finance ETF	-2.10	0.74
Decliners No. 2	520870	E Fund Itaú Unibanco IBOVESPA ETF(QDII)	-2.93	1.83
Decliners No. 1	159100	ChinaAMC Bradesco Brazil Ibovespa ETF(QDII)	-2.94	1.01

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	102.14	101.42	0.62
2	513120	GF CSI HK Innovative Drugs Industry ETF(QDII)	CSI HK Innovative Drugs Industry Index (HKD)	86.16	41.15	0.16
3	513090	E Fund CSI Hong Kong Securities Investment Theme ETF	CSI Hong Kong Securities Investment Theme Index (HKD)	27.07	15.82	0.06
4	159570	China Universal CNI HK Equities Innovative Drugs ETF	CNI HK Equities Innovative Drugs Index	27.04	14.05	2.09
5	513130	Huatai-PB CSOP Hang Seng Technology Index ETF(QDII)	Hang Seng TECH Index	20.51	6.51	1.20
6	159509	Invesco Great Wall NASDAQ Technology Market Capitalization Weighting ETF(QDII)	NASDAQ Technology Market Capitalization Weighting Index	19.34	8.77	2.88
7	513180	ChinaAMC Hang Seng Technology ETF(QDII)	Hang Seng TECH Index	18.22	4.86	0.78
8	520500	Huatai-PB Hang Seng Innovative Drugs ETF(QDII)	Hang Seng Innovative Drugs Index	17.30	72.09	2.36
9	513050	E Fund CSI Overseas China Internet 50 ETF	CSI Overseas China Internet 50 Index (RMB)	17.25	4.84	1.00
10	513330	ChinaAMC Hang Seng Internet Technology Industry ETF(QDII)	Hang Seng Internet Technology Industry Index	14.16	5.41	1.20

IV. Industry and Corporate Updates

1. MICOT PHARMA-B Surges 64.05% to Top Gainers on Proposed H-share Incentive Plan and Buyback Mandate

On October 16, MICOT PHARMA-B (02335.HK) closed up 64.05% at HKD 24.000, the top gainer among Stock Connect stocks, with turnover of HK$421 million and an intraday high of HKD 39.160. The company said its board proposed adopting an H-share incentive plan with a term of ten years from the date of adoption, subject to shareholder approval at an extraordinary general meeting, and is also seeking a general mandate to repurchase up to one tenth of its issued H shares. Public information shows the company focuses on cardiovascular, renal and metabolic diseases, with a pipeline comprising one core product and six key candidates.

2. SHANGHAI FUDAN Rises 13.11% as Sentiment in the A-share Memory and Semiconductor Chain Improves

On October 16, SHANGHAI FUDAN (01385.HK) closed up 13.11% at HKD 24.840, with turnover of HK$272 million. Its A-share entity Shanghai Fudan Microelectronics rose sharply on the day, with the A-share memory and semiconductor chain improving in tandem and names such as Juchen Shares and Montage Technology leading gains. The three major US indices closed higher overnight and Chinese assets strengthened, providing external sentiment support for Hong Kong semiconductor names.

3. LENOVO Group Named by Jensen Huang as Hong Kong Memory, Optical Communication and PCB Names Rebounded Together

On October 16, LENOVO GROUP (00992.HK) closed up 8.01% at HKD 28.060, with turnover of HK$5.032 billion. Public reports said Nvidia chief executive Jensen Huang singled out Lenovo Group in an interview, saying Nvidia has built a strong enterprise-market presence through partners such as Lenovo. Hong Kong memory semiconductor, optical communication and PCB concept stocks, which had been falling for several sessions, rebounded together, with YOFC (06869.HK) and KB LAMINATES (01888.HK) strengthening in tandem.

4. HK Stock Connect-related A-share ETFs Diverge as QDII Technology and Innovative Drug Themes Rise While Oil and Gas and Financial Themes Slip

On October 16, HK Stock Connect-related A-share ETFs diverged. On the upside, Invesco Great Wall NASDAQ Technology Market Capitalization Weighting ETF(QDII) (159509) rose 2.88%, Invesco Great Wall S&P Consumption Selected ETF(QDII) (159529) rose 2.88%, Harvest S&P Biotechnology Selected Industry ETF(QDII) (159502) rose 2.47%, China Universal NASDAQ Biotechnology Technology ETF(QDII) (513290) rose 2.46% and Penghua Dow Jones Industrial Average ETF(QDII) (513400) rose 2.39%. On the downside, ChinaAMC Bradesco Brazil Ibovespa ETF(QDII) (159100) fell 2.94% and E Fund Itaú Unibanco IBOVESPA ETF(QDII) (520870) fell 2.93%, with oil and gas and financial theme ETFs also slipping. By turnover, Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF(QDII) (513310) led with RMB 10.214 billion, followed by GF CSI HK Innovative Drugs Industry ETF(QDII) (513120) at RMB 8.616 billion.

5. Southbound Net Selling Reaches HK$3.568 Billion as AIA Draws HK$764 Million

On October 16, southbound capital recorded net selling of HK$3.568 billion, comprising net selling of HK$2.066 billion via Stock Connect (Shanghai) and HK$1.503 billion via Stock Connect (Shenzhen), with both channels selling on a net basis. At the stock level, southbound funds bought a net HK$764 million of AIA (01299.HK) and HK$388 million of TENCENT (00700.HK), while selling a net HK$668 million of WUXI BIO (02269.HK), HK$506 million of XIAOMI-W (01810.HK), HK$305 million of KB LAMINATES (01888.HK) and HK$251 million of ALIBABA-W (09988.HK).

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