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Southbound Turnover Surges in Zhipu, MiniMax and Meituan; Banks Return to Top 10

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Southbound turnover surged for Zhipu (02513), MiniMax (00100) and Meituan (03690), with Zhipu and MiniMax among the top-10 names in the Shanghai-Hong Kong Stock Connect and Meituan among the top 10 in the Shenzhen-Hong Kong Stock Connect, according to ETNet.

Zhipu posted combined southbound turnover of HK$4.581 billion and a net sell of HK$858 million. MiniMax recorded combined turnover of HK$3.874 billion and a net sell of HK$525 million. Meituan had combined turnover of HK$2.273 billion and a net sell of HK$1.189 billion.

China Construction Bank (00939) and Industrial and Commercial Bank of China (01398) also returned to the Shanghai-Hong Kong Stock Connect top 10 after 81 days and 82 days respectively. Southbound investors bought HK$275 million and HK$166 million of the two lenders, while selling HK$1.306 billion and HK$745 million, leaving net sales of HK$1.03 billion and HK$579 million.

Shandong Gold (01787) re-entered the Shenzhen-Hong Kong Stock Connect top 10 after 135 days. Southbound investors bought HK$281 million and sold HK$376 million, resulting in a net sell of HK$95.32 million.

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