Mainland Investors Net Purchase HK$9.83 Billion on July 9, Zhipu Receives HK$5.574 Billion

According to Zhitong Caijing App, mainland investors (Northbound Trading) conducted net purchases of HK$9.83 billion on July 9. Shanghai-HK Connect accounted for HK$3.248 billion of net inflows, while Shenzhen-HK Connect contributed HK$6.583 billion. Zhipu (02513) emerged as the largest recipient, receiving HK$5.574 billion in net purchases.

Zhipu's two-day cumulative net inflows approached HK$10 billion. On July 9, the company announced completion of a placement raising approximately HK$31.41 billion, to be deployed toward foundation model research, computing infrastructure, and commercialization efforts amid intensifying global competition in large language models.