Citi Releases Ratings and Target Prices for Chinese Internet Companies (Table)
Stock Ratings and Price Targets: Various companies including Alibaba, Baidu, and JD.com received "Buy" ratings with specific price targets, while others like Meituan and Tencent were rated "Neutral" or faced declines in stock prices.
Short Selling Data: Significant short selling activity was noted for several stocks, with Meituan and Kuaishou showing high short selling ratios of 20.96% and 19.47%, respectively.
Market Movements: The stock prices of companies like Meituan and Tencent experienced declines, while others like Yixin and IGG saw slight increases.
Analyst Insights: Daiwa maintained a "Buy" rating on Meituan, indicating expectations of widening losses for its Keeta service in the upcoming year.
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HKD2.6 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant net inflows of HKD2.6 billion, while XIAOMI-W (01810.HK) and SINOPEC SSC (01033.HK) also experienced inflows, despite short selling pressures.
Southbound Trading Outflows: BABA-W (09988.HK) faced the highest net outflow of HKD1.2 billion, along with SMIC (00981.HK) and CNOOC (00883.HK), indicating a trend of selling in these stocks.
Market Activity: The TRACKER FUND (02800.HK) was the most active stock in the Shanghai-Hong Kong Stock Connect with a net inflow of HKD2.3 billion, while BABA-W had the highest outflow of HKD977.4 million.
Overall Trading Summary: At market close, Southbound Trading recorded a net outflow of HKD0, accounting for 48.32% of the total transaction amount of HKD179.03 billion.
Short Selling Activity Reaches $68.7B, Representing 22.1% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $68.7 billion, accounting for 22.1% of the eligible securities turnover, a decrease from 24.4% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND (48.9% ratio, $10.37B), CSOP HS TECH (31% ratio, $5.74B), HSCEI ETF (40.8% ratio, $5.18B), TENCENT (14.7% ratio, $1.91B), and PETROCHINA (32% ratio, $1.62B).
TRACKER FUND Performance: TRACKER FUND saw a decrease of 0.320 (-1.218%) with a significant short selling turnover of $10.37 billion.
Other Notable Stocks: CSOP HS TECH and HSCEI ETF also experienced notable short selling activity, with respective turnovers of $5.74 billion and $5.18 billion, reflecting investor sentiment in the market.
HSI Closes 291 Points Lower; Commodity Stocks Decline, While PetroChina Rises 5%
Market Overview: The US-Iran war escalation negatively impacted global stock markets, with the Hong Kong stock market closing lower; the HSI fell by 1.1% to 25,768 points.
Gas and Oil Stocks Performance: KUNLUN ENERGY rose by 1.7%, while SINOPEC CORP dropped by 2.7%. PETROCHINA and CNOOC saw significant gains of 5% and 3.2%, respectively.
Decline in Gold and Lithium Stocks: Gold and silver stocks experienced substantial losses, with companies like SD GOLD and ZHAOJIN MINING falling between 5-6.3%. Lithium stocks also plummeted, with TIANQI LITHIUM and GANFENGLITHIUM down by 8.1% and 10.9%.
Tech Sector Movements: Major tech stocks like TENCENT and BABA-W saw slight declines, while NTES-S gained 1.4%, potentially benefiting from its inclusion in the Southbound Stock Connect.
<Daily Summary> HSI Falls by 291 Points; HSTI Declines by 112 Points; XIAOMI Drops More Than 4%; PETROCHINA, CNOOC, OOIL, UNITEDENERGY GP, and COSCO SHIP HOLD Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 291 points (1.1%) to close at 25,768, with a total market turnover of $370.55 billion.
Active Heavyweights: Major stocks like Xiaomi, Meituan, and Alibaba experienced declines, with Xiaomi dropping 4.7% and Meituan down 2.3%.
Notable Movers: Xinyi Solar and Zijin Mining saw significant losses, with Xinyi Solar down 6.3% and Zijin Mining down 6.1%, while ENN Energy and PetroChina gained 5.1% and 5%, respectively.
Short Selling Trends: High short selling ratios were observed in several stocks, including Ping An at 27% and BYD Electronic at 28.6%, indicating increased bearish sentiment among investors.
Soochow Securities Reveals Top 10 Net Purchases and Sales of Southbound Funds in Hong Kong Stocks (Table)
Southbound Capital Inflows: Southbound capital inflows into Hong Kong stocks slowed last week, with a net inflow of HK$6.7 billion, primarily in the information technology, consumer discretionary, and real estate sectors, while telecoms and utilities experienced net outflows.
Top Net Buys: The top net buys included MEITUAN-W, XIAOMI-W, and TENCENT, with significant short selling activity reported for these stocks.
ETF Inflows: There was an acceleration in net inflows into ETFs investing in the Hong Kong market, totaling HK$444.26 billion, with Southbound Stock Connect ETFs seeing a net inflow of HK$1.9 billion.
Top Net Sells: The top net sells over the past two weeks included ZIJIN MINING, CHINA LIFE, and POP MART, indicating a trend of capital outflow from these stocks.
Short Selling Activity Reaches $31.6B, Representing 21.5% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $31.6 billion at midday, accounting for 21.5% of the eligible securities turnover, a decrease from 24.4% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND (47.5% ratio, $4.52B), CSOP HS TECH (29.7% ratio, $2.86B), HSCEI ETF (41.4% ratio, $2.75B), TENCENT (13.9% ratio, $992M), and CNOOC (13% ratio, $798M).
Market Performance: TRACKER FUND and CSOP HS TECH experienced declines of 0.533% and 1.922%, respectively, while TENCENT and CNOOC saw slight increases of 0.195% and 4.862%.
Data Delay Notice: It is noted that the stock quotes for HK are delayed by at least 15 minutes, and the short selling data is as of March 3, 2026, at 12:25 PM.
HKD2.6 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant net inflows of HKD2.6 billion, while XIAOMI-W (01810.HK) and SINOPEC SSC (01033.HK) also experienced inflows, despite short selling pressures.
Southbound Trading Outflows: BABA-W (09988.HK) faced the highest net outflow of HKD1.2 billion, along with SMIC (00981.HK) and CNOOC (00883.HK), indicating a trend of selling in these stocks.
Market Activity: The TRACKER FUND (02800.HK) was the most active stock in the Shanghai-Hong Kong Stock Connect with a net inflow of HKD2.3 billion, while BABA-W had the highest outflow of HKD977.4 million.
Overall Trading Summary: At market close, Southbound Trading recorded a net outflow of HKD0, accounting for 48.32% of the total transaction amount of HKD179.03 billion.
Short Selling Activity Reaches $68.7B, Representing 22.1% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $68.7 billion, accounting for 22.1% of the eligible securities turnover, a decrease from 24.4% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND (48.9% ratio, $10.37B), CSOP HS TECH (31% ratio, $5.74B), HSCEI ETF (40.8% ratio, $5.18B), TENCENT (14.7% ratio, $1.91B), and PETROCHINA (32% ratio, $1.62B).
TRACKER FUND Performance: TRACKER FUND saw a decrease of 0.320 (-1.218%) with a significant short selling turnover of $10.37 billion.
Other Notable Stocks: CSOP HS TECH and HSCEI ETF also experienced notable short selling activity, with respective turnovers of $5.74 billion and $5.18 billion, reflecting investor sentiment in the market.
HSI Closes 291 Points Lower; Commodity Stocks Decline, While PetroChina Rises 5%
Market Overview: The US-Iran war escalation negatively impacted global stock markets, with the Hong Kong stock market closing lower; the HSI fell by 1.1% to 25,768 points.
Gas and Oil Stocks Performance: KUNLUN ENERGY rose by 1.7%, while SINOPEC CORP dropped by 2.7%. PETROCHINA and CNOOC saw significant gains of 5% and 3.2%, respectively.
Decline in Gold and Lithium Stocks: Gold and silver stocks experienced substantial losses, with companies like SD GOLD and ZHAOJIN MINING falling between 5-6.3%. Lithium stocks also plummeted, with TIANQI LITHIUM and GANFENGLITHIUM down by 8.1% and 10.9%.
Tech Sector Movements: Major tech stocks like TENCENT and BABA-W saw slight declines, while NTES-S gained 1.4%, potentially benefiting from its inclusion in the Southbound Stock Connect.
<Daily Summary> HSI Falls by 291 Points; HSTI Declines by 112 Points; XIAOMI Drops More Than 4%; PETROCHINA, CNOOC, OOIL, UNITEDENERGY GP, and COSCO SHIP HOLD Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 291 points (1.1%) to close at 25,768, with a total market turnover of $370.55 billion.
Active Heavyweights: Major stocks like Xiaomi, Meituan, and Alibaba experienced declines, with Xiaomi dropping 4.7% and Meituan down 2.3%.
Notable Movers: Xinyi Solar and Zijin Mining saw significant losses, with Xinyi Solar down 6.3% and Zijin Mining down 6.1%, while ENN Energy and PetroChina gained 5.1% and 5%, respectively.
Short Selling Trends: High short selling ratios were observed in several stocks, including Ping An at 27% and BYD Electronic at 28.6%, indicating increased bearish sentiment among investors.
Soochow Securities Reveals Top 10 Net Purchases and Sales of Southbound Funds in Hong Kong Stocks (Table)
Southbound Capital Inflows: Southbound capital inflows into Hong Kong stocks slowed last week, with a net inflow of HK$6.7 billion, primarily in the information technology, consumer discretionary, and real estate sectors, while telecoms and utilities experienced net outflows.
Top Net Buys: The top net buys included MEITUAN-W, XIAOMI-W, and TENCENT, with significant short selling activity reported for these stocks.
ETF Inflows: There was an acceleration in net inflows into ETFs investing in the Hong Kong market, totaling HK$444.26 billion, with Southbound Stock Connect ETFs seeing a net inflow of HK$1.9 billion.
Top Net Sells: The top net sells over the past two weeks included ZIJIN MINING, CHINA LIFE, and POP MART, indicating a trend of capital outflow from these stocks.
Short Selling Activity Reaches $31.6B, Representing 21.5% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $31.6 billion at midday, accounting for 21.5% of the eligible securities turnover, a decrease from 24.4% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND (47.5% ratio, $4.52B), CSOP HS TECH (29.7% ratio, $2.86B), HSCEI ETF (41.4% ratio, $2.75B), TENCENT (13.9% ratio, $992M), and CNOOC (13% ratio, $798M).
Market Performance: TRACKER FUND and CSOP HS TECH experienced declines of 0.533% and 1.922%, respectively, while TENCENT and CNOOC saw slight increases of 0.195% and 4.862%.
Data Delay Notice: It is noted that the stock quotes for HK are delayed by at least 15 minutes, and the short selling data is as of March 3, 2026, at 12:25 PM.
