The concept of intelligent agents explodes, large funds start buying multiple stocks!

Recently, concept stocks related to intelligent agents have been active, and southbound funds have moved in to increase their positions.

Kuaishou-W received a net purchase of 1.655 billion Hong Kong dollars from southbound funds

This week (May 4 to May 8), major indices in the Hong Kong stock market all rose collectively. The Hang Seng Index rose 2.39%, the Hang Seng Tech Index fell 4.75%, and the Hang Seng China Enterprises Index fell 2.39%. According to Securities Times·Data Treasure statistics, southbound funds recorded a total net outflow of 193 million Hong Kong dollars this week.

Judging from the list of actively traded stocks by turnover this week, a total of 13 individual stocks were included. SMIC had the highest total buy-and-sell amount via the Hong Kong Stock Connect this week, reaching 28.111 billion Hong Kong dollars; Tencent Holdings came next with 23.666 billion Hong Kong dollars; other stocks including Alibaba-W, Yangtze Optical Fibre and Cable, Huahong Semiconductor, and Pop Mart all had total buy-and-sell amounts of over 10 billion Hong Kong dollars via Hong Kong Stock Connect this week.

In terms of net buy amounts, Kuaishou-W received a net purchase of 1.655 billion Hong Kong dollars from southbound funds. This week, southbound funds sold internet giants mainly on a net basis. Tencent Holdings was sold net by 5.027 billion Hong Kong dollars by southbound funds. Xiaomi Group-W, Meituan-W, and Alibaba-W were sold net by 1.707 billion Hong Kong dollars, 692 million Hong Kong dollars, and 110 million Hong Kong dollars, respectively.

Kuaishou-W jumped 9.4% this week’s Friday, with a cumulative weekly gain of 23.43%. In terms of news, Kuaishou has officially launched its AI desktop intelligent agent product, KroWork. KroWork is designed for non-technical users; users can drive AI to independently complete file processing, browser automation, application generation, and local deployment through natural language. This means users can generate repetitive workflows into local desktop applications with data not uploaded to the cloud.

From the market perspective, actively traded stocks this week saw gains mainly. AI intelligent agent stock Dipu Technology led the rise, with a cumulative weekly gain of 29.96%; Healthy 160 rose 24.14% cumulatively; Yangtze Optical Fibre and Cable and Kuaishou-W each rose by more than 20%; only CNOOC fell, with a cumulative decline of 10.01%.

Recently, intelligent agent concept stocks across A-shares and Hong Kong stocks have broadly risen. On May 8, the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the 《Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents》, clarifying that the development of intelligent agents should adhere to the basic principles of safety and controllability, standardization and orderliness, innovation-driven growth, and application-led traction. By strengthening the technical foundation, improving the standards system, and lowering the barriers for intelligent agent R&D, adaptation, and application, a foundation is laid for enriching intelligent agent products and services.

According to data from the Ministry of Industry and Information Technology, as of January 2026, artificial intelligence has penetrated more than 70% of business scenario needs in China’s leading factories. More than 6,000 vertical-domain models have been accumulated, driving large-scale applications of over 1,700 key intelligent manufacturing equipment and industrial software. A number of industrial intelligent agents with perception, decision-making, and execution capabilities have been formed, promoting the evolution of intelligent manufacturing from “automation” to “autonomy.”

Guotai Haitong Securities believes that on the demand side, the rapid increase in the penetration rate of industrial intelligent agents has been verified. This means that industrial enterprises’ acceptance of large models and intelligent agents is quickly moving from the “trial stage” to the “multi-scenario parallel rollout” stage, which closely matches the current policy shift from perception-oriented connectivity to deep intelligence.

19 stocks held by southbound funds increased by more than 10% week-on-week

Judging from changes in shareholdings, this week, 19 stocks saw their shareholdings held by southbound funds increase by more than 10% compared with last week. Baoji Pharmaceutical-B ranked first, with an increase of 499.19%. Other stocks also showing prominent increases include Maiwei Biotech-B, Nobi Kan, and Qingsong Health; their week-on-week increases were 140.91%, 109.73%, and 40.08%, respectively.

Among them, Baoji Pharmaceutical-B, Maiwei Biotech-B, and Haixi New Drug all have innovative drug concepts. In April, the 2026 American Association for Cancer Research (AACR) annual meeting was held. The abstracts from China totaled 866, accounting for about 7.5%—the second highest globally—showing China’s strong R&D strength in innovative drugs.

On the policy front, the National Healthcare Security Administration has released documents including the 《2026 National Basic Medical Insurance, Maternity Insurance, and Work Injury Insurance Drug List and Commercial Health Insurance Innovative Drug List Adjustment Work Plan (Draft for Comments)》, and also provided interpretations of relevant contents in the work plan.

What is worth noting is that in this adjustment, the number of application conditions for drugs outside the catalog has been increased by 3. This both appropriately expands the scope of applications for drugs outside the catalog and reflects the linkage between the medical insurance drug catalog and the commercial insurance innovative drug catalog, which will help stabilize companies’ positive participation in applications for the commercial insurance innovative drug catalog. At the same time, it also allows drugs already included in the commercial insurance innovative drug catalog to be applied for new indications due to newly added indications.

In terms of the proportion of Hong Kong Stock Connect holdings to the total number of shares of Hong Kong stocks, among individual stocks whose Hong Kong Stock Connect holdings increased by more than 10% week-on-week this week, Cambridge Technology, National Technology, and Sailors have the latest holding ratios, at 46.18%, 30.84%, and 17.45%, respectively.

Cambridge Technology recently stated on an investor Q&A platform that in the company’s high-speed optical module sector, silicon photonics is the core. The company has delivered 800G in mass shipments and 1.6T in small batches to overseas key customers. The product performance is comparable to that of industry-leading companies. In the NPO/CPO field, the company has earlier initiated R&D work related to NPO/CPO. The layout focuses mainly on NPO/CPO optical engines, multi-channel silicon photonic modulators and demodulators, advanced packaging technologies, and external light sources.

(Source: Data Treasure)