On October 23, 2025, the top three stocks by trading volume on the Southbound Hong Kong Stock Connect were 阿里巴巴-W (BABA-W, 09988) at HKD 4.975 billion, 泡泡玛特 (POP MART, 09992) at HKD 4.666 billion, and 中芯国际 (SMIC, 00981) at HKD 3.522 billion. Meanwhile, for the Shenzhen-Hong Kong Stock Connect, the top three were also led by 阿里巴巴-W (BABA-W, 09988) at HKD 3.277 billion, followed by 中芯国际 (SMIC, 00981) at HKD 2.585 billion and 泡泡玛特 (POP MART, 09992) at HKD 2.360 billion.

Top 10 Active Stocks on Southbound Shanghai-Hong Kong Stock Connect: - Company Name: 阿里巴巴-W (BABA-W, 09988), Trading Amount: HKD 4.975 billion, Net Inflow: HKD +268 million - Company Name: 泡泡玛特 (POP MART, 09992), Trading Amount: HKD 4.666 billion, Net Inflow: HKD +538 million - Company Name: 中芯国际 (SMIC, 00981), Trading Amount: HKD 3.522 billion, Net Inflow: HKD +463 million - Company Name: 美团-W (MEITUAN-W, 03690), Trading Amount: HKD 2.699 billion, Net Inflow: HKD +37.728 million - Company Name: 华虹半导体 (HUA HONG SEMI, 01347), Trading Amount: HKD 2.359 billion, Net Outflow: HKD -356 million - Company Name: 中国海洋石油 (CNOOC, 00883), Trading Amount: HKD 1.987 billion, Net Inflow: HKD +529 million - Company Name: 腾讯控股 (TENCENT, 00700), Trading Amount: HKD 1.804 billion, Net Inflow: HKD +102 million - Company Name: 巨子生物 (GIANT BIOGENE, 02367), Trading Amount: HKD 1.429 billion, Net Inflow: HKD +279 million - Company Name: 山高控股 (SDHG, 00412), Trading Amount: HKD 1.359 billion, Net Inflow: HKD +67.296 million - Company Name: 小米集团-W (XIAOMI-W, 01810), Trading Amount: HKD 1.350 billion, Net Inflow: HKD +183 million

Top 10 Active Stocks on Southbound Shenzhen-Hong Kong Stock Connect: - Company Name: 阿里巴巴-W (BABA-W, 09988), Trading Amount: HKD 3.277 billion, Net Outflow: HKD -115 million - Company Name: 中芯国际 (SMIC, 00981), Trading Amount: HKD 2.585 billion, Net Outflow: HKD -37.824 million - Company Name: 泡泡玛特 (POP MART, 09992), Trading Amount: HKD 2.360 billion, Net Inflow: HKD +255 million - Company Name: 华虹半导体 (HUA HONG SEMI, 01347), Trading Amount: HKD 1.624 billion, Net Outflow: HKD -659 million - Company Name: 美团-W (MEITUAN-W, 03690), Trading Amount: HKD 1.534 billion, Net Inflow: HKD +487 million - Company Name: 腾讯控股 (TENCENT, 00700), Trading Amount: HKD 1.217 billion, Net Inflow: HKD +163 million - Company Name: 中国海洋石油 (CNOOC, 00883), Trading Amount: HKD 1.167 billion, Net Inflow: HKD +451 million - Company Name: 小米集团-W (XIAOMI-W, 01810), Trading Amount: HKD 1.054 billion, Net Outflow: HKD -240 million - Company Name: 巨子生物 (GIANT BIOGENE, 02367), Trading Amount: HKD 826 million, Net Inflow: HKD +80.644 million - Company Name: 信达生物 (INNOVENT BIO, 01801), Trading Amount: HKD 797 million, Net Outflow: HKD -140 million