Southbound Stock Connect net bought CNY 2.90 bln today. Via Shanghai Stock Connect, Tencent Holdings and Tracker Fund of Hong Kong were top net buys at HKD 650m and HKD 633m respectively; SMIC was the largest net sell at HKD 75m. Via Shenzhen Stock Connect, China Southern Hang Seng TECH ETF and Kingboard Laminates led net buys at HKD 556m and HKD 161m; GenScript Biotech was the top net sell at HKD 279m.

Domestic memory system-level test (SLT) equipment maker Oukangnuo will jointly develop a domestic memory and storage chip testing platform with CHINA'S CPU MAKER HAIGUANG. The platform will use Haiguang CPUs as the host and pair DRAM low-level test technology provided by a leading domestic memory chip maker with Oukangnuo’s self-developed domestic test system. Partners plan a formal release by year-end; the project is in final joint debugging and the product is expected to be mature and available externally by end-October.

大信证券：将美国运通(AXP.N)目标价从375美元下调至370美元。