Southbound funds net bought CNY 1.856 billion today. Shanghai Stock Connect: Meituan-W and CNOOC were net bought HKD 642m and HKD 200m; Tencent Holdings was the largest net seller at HKD 474m. Shenzhen Stock Connect: China Mobile and Tencent Holdings were net bought HKD 242m and HKD 152m; Xiaomi Group-W was the top net seller at HKD 77m.

China A-share compute-power leasing names extended last week's gains; Chengdi Xiangjiang opened and remained locked at the daily limit-up, while Jiechuang Intelligent, Zhiwei Intelligent, Dongyangguang, Tianyima, Hailanxin and Runze Technology also rose.

Nov 9 — Foreign Ministry spokesman Guo Jiakun, at a regular briefing, was asked by a Bloomberg reporter whether China would respond if the U.S., and in particular the Democrats who just won majorities in both chambers, pursued tighter technology restrictions after NVIDIA CEO Jensen Huang advocated selling more chips to China and looser regulation. Guo said China’s position on U.S. chip exports to China is consistent and advised asking the competent authorities for specifics.