Northbound funds | The Northbound trading recorded a net purchase of 2.57 billion. Alibaba Qianwen released Qwen 3.8 and Agent products. Northbound increased its holdings in Alibaba (09988) by over 1.5 billion.

On August 4, the Hong Kong stock market saw net purchases of HKD 2.57 billion by northbound capital. Among them, the Shanghai Stock Connect recorded net sales of HKD 380 million, while the Shenzhen Stock Connect had net purchases of HKD 2.95 billion. The stocks with the highest net purchases from northbound capital were BABA-W (09988), Hua Hong Grace Semiconductor (01347), and Semiconductor Manufacturing International Corporation (00981). The stock with the highest net sales was Tencent (00700). Active stocks in the Shanghai Stock Connect Active stocks in the Shenzhen Stock Connect BABA-W (09988) received a net purchase of HKD 1.549 billion. Alibaba Group released its next-generation foundation model Qwen3.8 and the Qianwen Office product. Qwen3.8 has significantly improved capabilities in programming and professional office tasks, supporting visual understanding with a context length of up to 1 million tokens. In the authoritative CodeArena ranking, Qwen3.8 ranks fourth globally. Qianwen Office is the industrys first product that simultaneously supports desktop Agents, cloud Agents, and enterprise collaboration Agents. Hua Hong Grace Semiconductor (01347) and Semiconductor Manufacturing International Corporation (00981) received net purchases of HKD 1.182 billion and HKD 1.061 billion, respectively. The wafer foundry industry has entered a wave of price increases. TSMC previously announced plans to raise prices on mature and advanced processes starting in 2027, with basic price increases ranging from 5% to 10% depending on customer and product. Powerchip had already raised the prices of memory wafer shipments by 45% in July, with logic semiconductor foundry service prices increasing by 10-15%. Z.AI (02513) received a net purchase of HKD 795 million. According to reports from Bian Niu Shi, Z.AI's next-generation model GLM-5.3 seems to have been prematurely exposed. On the afternoon of August 3, internet users discovered that the official documentation page for Z.AI GLM-5.3 suddenly became publicly accessible, and many accessed the page directly within about an hour. Bing search results temporarily indexed the ZCode page title as the official GLM-5.3 Harness. KB LAMINATES (01888) received a net purchase of HKD 511 million. Citigroup predicts that major copper-clad laminates manufacturers will initiate a new wave of price increases. The bank expects that in August, CCL product sales prices will rise by about 10% to 15%. Looking ahead, Citigroup expects KB LAMINATES net profit in the third and fourth quarters to rise to between HKD 2.5 billion and HKD 3.5 billion. XIAOMI-W (01810) received a net purchase of HKD 326 million. Xiaomi's second automotive product line, the Xiaomi Pengcheng, was officially launched, complementing its previous SU7 and YU7 series, with the two models expected to be officially launched in September this year. CICC released a research report stating that looking ahead to Q3 2026, it is optimistic about the continuous growth in the companys automotive sales driven by the joint deliveries of SU7, YU7, and the Pengcheng series, thereby improving profitability. YOFC (06869) received a net purchase of HKD 247 million. Recently, YOFC announced plans to invest EUR 12 million to acquire a 25% stake in Yangtze Optical Fibre. After the transaction completes, Yangtze Optical Fibre And Cable Joint Stock will hold 100% of Changfei Shanghai, which will convert from a joint venture to a wholly-owned subsidiary included in the consolidated financial statements. Internal transactions between the parties will no longer constitute related transactions, and there are no issues of competition with the same industry in this transaction. In addition, GigaDevice Semiconductor Inc. (03986) received a net purchase of HKD 48.07 million, while Tencent (00700) experienced net sales of HKD 722 million.