Southbound capital recorded a net sell of HK$4.469 billion in Hong Kong stocks on the day, extending its net-selling streak to 14 consecutive trading days, with cumulative net selling amounting to HK$41.791 billion. On the same day, it net bought HK$887 million of CNOOC and HK$365 million of Zhipu; it net sold HK$1.804 billion of Xiaomi Group, HK$393 million of HSBC Holdings, HK$347 million of YOFC, HK$152 million of Alibaba, and HK$137 million of ICBC. Southbound capital has now net sold Alibaba for 12 consecutive days, totaling HK$6.997 billion; net sold YOFC for 6 consecutive days, totaling HK$1.680 billion; and net bought Zhipu for 7 consecutive days, totaling HK$3.751 billion. On the individual stock front, Citi has assigned a Buy rating to Xiaomi Group with a target price of HK$33.2, expecting its share price to remain stable in the near term and positioning it as a defensive allocation amid waning artificial intelligence sentiment. HSBC plans to establish an artificial intelligence and emerging technology research center in Hong Kong. YOFC reported significant year-on-year growth in revenue and net profit for the first three quarters, mainly driven by factors such as the accelerated construction of intelligent computing centers that boosted the industry. Alibaba has partnered with Apple to integrate Qwen into Apple Intelligence, with related features set to begin testing in November and be officially rolled out in December.