On July 18, 2025, Alibaba Group Holding Ltd (09988.HK) emerged as the most actively traded stock in both Southbound trading channels. The Shanghai-Hong Kong Stock Connect saw Alibaba lead with a turnover of 3.215 billion yuan, followed by Guotai Junan International Holdings Ltd (01788.HK) at 2.995 billion yuan and Haotian International Construction & Investment Group Ltd (01341.HK) at 2.856 billion yuan. Simultaneously, in the Shenzhen-Hong Kong Stock Connect, Alibaba maintained its dominance with 2.360 billion yuan in turnover, while Tencent Holdings Ltd (00700.HK) recorded 1.431 billion yuan and Kingsoft Cloud Holdings Ltd (03896.HK) reached 1.246 billion yuan.

Notable net buying activity surfaced in both markets. On the Shanghai channel, SMIC (00981.HK) attracted substantial inflows with 381 million yuan net purchases, while ZhongAn Online P & C Insurance Co Ltd (06060.HK) saw 237 million yuan net buying. The Shenzhen channel witnessed even stronger net buying momentum: Alibaba secured 682 million yuan net inflows, Meituan (03690.HK) absorbed 284 million yuan, and Kingsoft Cloud captured 234 million yuan net purchases. Conversely, significant net selling pressure affected multiple stocks including Tencent and Xiaomi Corp (01810.HK) across both channels.

Complete rankings reveal nuanced capital movements:

Shanghai-Hong Kong Stock Connect Top 10: - Alibaba Group: 3.215B yuan turnover (294M net sell) - Guotai Junan International: 2.995B yuan (220M net sell) - Haotian International: 2.856B yuan (0.90M net buy) - Kingsoft Cloud: 2.261B yuan (1.71M net buy) - Xiaomi Corp: 1.882B yuan (170M net sell) - SMIC: 1.709B yuan (381M net buy) - Tencent Holdings: 1.703B yuan (115M net sell) - Meituan: 1.649B yuan (81.87M net sell) - GCL Technology: 1.549B yuan (31.32M net sell) - ZhongAn Online: 1.537B yuan (237M net buy)

Shenzhen-Hong Kong Stock Connect Top 10: - Alibaba Group: 2.360B yuan (682M net buy) - Tencent Holdings: 1.431B yuan (247M net sell) - Kingsoft Cloud: 1.246B yuan (234M net buy) - Xiaomi Corp: 1.246B yuan (129M net sell) - SMIC: 1.184B yuan (112M net buy) - Meituan: 1.027B yuan (284M net buy) - Guotai Junan International: 0.975B yuan (13.39M net sell) - Haotian International: 0.861B yuan (45.76M net sell) - Li Auto Inc: 0.798B yuan (113M net buy) - Pop Mart International: 0.753B yuan (116M net sell)