There was HKD1.2 billion, HKD772 million and HKD278.2 million Southbound Trading net inflow to BABA-W (09988.HK), AKESO (09926.HK) and MEITUAN-W (03690.HK).

There was HKD784.6 million, HKD493 million and HKD487.4 million Southbound Trading net outflow from SMIC (00981.HK), YOFC (06869.HK) and XIAOMI-W (01810.HK).

For Southbound Trading of Shanghai-Hong Kong Stock Connect, BABA-W (09988.HK) was the most active stock with highest net inflow of HKD683.2 million, while XIAOMI-W (01810.HK) was the most active stock with highest net outflow of HKD607.9 million.

For Southbound Trading of Shenzhen-Hong Kong Stock Connect, BABA-W (09988.HK) was the most active stock with highest net inflow of HKD506.8 million, while SMIC (00981.HK) was the most active stock with highest net outflow of HKD391.3 million.

At close, Southbound Trading net outflow totaled HKD0 , representing 36.56% of the total transaction amount of HKD70.73 billion.
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M2 Money Supply YoY for Sep in China is 7.2%, lower than the previous value of 7.5%. The forecast was 7.4%.~



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Imports YoY for Sep in China is 31%, higher than the previous value of 28.2%. The forecast was 24.5%.~



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Exports YoY for Sep in China is 36.3%, higher than the previous value of 25%. The forecast was 25.5%.~



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PPI YoY for Sep in China is 5.0%, higher than the previous value of 3.8%. The forecast was 4.5%.~



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Inflation Rate YoY for Sep in China is 0.9%, higher than the previous value of 0.8%. The forecast was 1%.~



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There was HKD172.2 million Southbound Trading net inflow to KB LAMINATES (01888.HK).

There was HKD975.7 million, HKD429.1 million and HKD302.7 million Southbound Trading net outflow from SMIC (00981.HK), YOFC (06869.HK) and HUA HONG GRACE (01347.HK).

For Southbound Trading of Shanghai-Hong Kong Stock Connect, CNOOC (00883.HK) was the most active stock with highest net inflow of HKD497.1 million, while SMIC (00981.HK) was the most active stock with highest net outflow of HKD398.7 million.

For Southbound Trading of Shenzhen-Hong Kong Stock Connect, TENCENT (00700.HK) was the most active stock with highest net inflow of HKD94.9 million, while CNOOC (00883.HK) was the most active stock with highest net outflow of HKD643.9 million.

At close, Southbound Trading net outflow totaled HKD0 , representing 37.85% of the total transaction amount of HKD71 billion.
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Qwen launched three new hardware products, namely the Qwen AI Glasses N1, Qwen AI Glasses N1 Pro, and Qwen AI clip-on earbuds.

The N1 series integrates imaging, translation and voice office functions. The Pro version adds eye-tracking interaction and biometric monitoring capabilities. The earbuds are tuned by Bose SoundDesign and support task assignment, as well as professional translation in 89 languages and multilingual AI real-time transcription.

The new products officially went on sale today (13th) across e-commerce platforms including Taobao, Tmall, JD-SW (09618.HK) and Douyin. After combining national subsidies and limited-time offers, the glasses are priced from RMB2,218, while the earbuds start from RMB1,099.
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KWG GROUP (01813.HK) announced that in September this year, the presales amount attributable to the group and its joint ventures and associates was RMB200 million, down 73.2% YoY.
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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

Spot USD/CNY faded 15 bps to close at 6.6945 today (13th). As of 4:56 pm, USD/CNY in the night session dropped 160 bps. USD/CNH dipped 4 bps to 6.6936, 9 bps above USD/CNY.
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Huawei introduced in detail the Kirin 9050 series chips launched alongside Huawei's tri-fold smartphone Mate XT 2 and flagship candybar smartphone Mate90 Pro Max at the 2026 Huawei Terminal Innovation Technology Communication Conference.

Huawei said total shipments of terminal products based on Kirin chips have exceeded 100 million units since 2023. Supported by China's electronics industry, the Kirin 9050 series has achieved the first mass production of logic folding technology.

Moreover, Huawei said Kirin chips for 2027 have entered the testing stage, and current test results are in line.
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Nomura conducted channel checks last Friday (9th) with experts familiar with China's high-end consumption trends. The experts shared observations on leading high-end mall operators such as CHINA RES MIXC (01209.HK), noting that China's leading high-end shopping malls logged an overall uptick in September, with SSS and foot traffic growing by LSD YoY, outperforming the M- to HSD YoY growth recorded in July to August.

The improvement was mainly driven by the Mid-Autumn Festival shopping season falling in September, as well as malls launching multiple promotions targeting luxury goods, gold jewelry and cosmetics. SSS at luxury malls rose by mid-double digits YoY, continuing to outperform non-luxury malls.

The broker maintained its preference for companies with structural development strategies, visible margin trends and attractive valuations. It continued to favor ANTA SPORTS (02020.HK), while also remaining positive on YUM CHINA (09987.HK) and MIDEA GP (000333.SZ), all rated Buy.
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Xiaomi Auto announced that, according to Yiche's national sedan retail sales ranking for September, Xiaomi SU7 ranked first in sedan sales priced above RMB200,000.
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China's total services imports and exports amounted to RMB5.07 trillion in 8M26, representing a YoY increase of 7.9%, the person in charge of the Department of Trade in Services and Commercial Services at China's Ministry of Commerce said.

Among them, exports totaled nearly RMB2 trillion, up 14.8%, while imports reached RMB3.07 trillion, up 3.8%. The services trade deficit narrowed by RMB145.12 billion YoY to RMB1.07 trillion.
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XPENG-W (09868.HK) Chairman He Xiaopeng said at the Paris Motor Show that the group plans to achieve annual sales of 500,000 vehicles in Europe by the end of 2030, Bloomberg reported. The key to achieving the plan is to find ways to produce more vehicles in Europe.

If the target is achieved, it could mean XPENG-W sales would topple Ford and Stellantis' Opel brand. Ford delivered more than 426,000 vehicles in Europe last year, whereas Opel registrations reached 400,000 units.
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Goldman Sachs published a research report updating its tracking of Chinese IP retailers and toy companies, covering new products/IPs, online sales momentum, secondary market pricing and overseas comparisons. In China, POP MART (09992.HK)'s online sales decline deepened in September owing to a high base, while MNSO (09896.HK) and BLOKS (00325.HK) posted accelerated online sales growth.

Combined sales on Tmall and Douyin for POP MART slumped 44% YoY in September 2026 (down 30% YoY in 3Q26), due to peak supply of "Pin for Love" and "Big Into Energy" in September 2025. September product highlights shifted toward figurines, including Zsiga and Twinkle Twinkle, while smaller-IP plush launches remained soft. Easier comparison base in October, strong sales of Twinkle Twinkle figurines, and the upcoming launch of a new Labubu plush series are expected to provide some support.

MNSO's mainland China GMV mounted 25%-30% YoY in 3Q, while SSS added by HSD YoY, outperforming the company's guidance for mid-teen sales growth in 2H26. Growth during the National Day Golden Week remained at 20%-25%. Online sales tracked by the broker rebounded in September, although 3Q growth was broadly similar to 2Q.

BLOKS posted accelerated online growth in September despite a higher comparison base, with markedly more new series/SKUs launched in 3Q compared with the same period last year.

October catalysts include Halloween-related marketing and new products, POP MART's 3Q sales update, which has historically been released in the second half of October, and Double 11 discounts as an inventory indicator, the broker said.

The broker maintained its Buy rating on MINISO (MNSO.US) with a USD15 target price; maintained a Neutral rating on POP MART (09992.HK) with a HKD139.5 target price; and maintained a Neutral rating on BLOKS (00325.HK) with a HKD72.4 target price.
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Regarding its new home sales during the 2026 National Day holiday, CHINA VANKE (02202.HK) said that the company maintained ambitious sales efforts amid growing challenges in destocking due to the resource structure.

By advancing supply schedules to ensure sufficient inventory, alongside physical project displays and open scenario showcases, the company promoted sales conversion. Based on sales performance during the National Day holiday, all regional units achieved their expected targets.
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CHERY AUTO (09973.HK) plans to dabble into all 27 EU markets next year. Aaron Zheng, Executive Deputy General Manager of Chery International, said at the Paris Motor Show that the group plans to expand the European marketing of its compact SUV Tiggo 4 to France this month. The BEV Chery Q will be launched in France in mid-2027.
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