HKEX Insider Activity — 2026-06-25

by hk-insider-activities-daily

🇭🇰 HKEX DI Report — 2026-06-25

🟢 ACCUMULATING — 3888 Kingsoft Corporation ← Lei Jun, 26.18% (increased by 0.44pp); bought 6,000,000 shares @ HKD 21.79 for ~HKD 130.7M on Jun 25 · also 6,000,000 shares @ HKD 22.11 for ~HKD 132.6M on Jun 23 (then 25.41%, increased by 0.43pp) Read: Kingsoft chairman and Xiaomi co-founder Lei Jun committed a combined ~HKD 263M across two back-to-back open-market sessions to lift his personal stake to 26.18%—among the larger director-buy clusters on HKEX in recent memory, signalling unusually high personal conviction in Kingsoft's AI software trajectory.

🆕 NEW ENTRY — 2295 Maxicity Holdings ← GreenAir Energy Global Limited / Ji Luo / Liming Zhu (concert parties), 75.00% (new from zero; increased by 75.00pp); bought 300,000,000 shares @ HKD 0.6545 for ~HKD 196.4M Read: GreenAir Energy and concert parties Ji Luo and Liming Zhu disclosed a 75% controlling block in Maxicity Holdings worth ~HKD 196M in a single transaction—this is a de-facto change of control, and retail holders should watch closely for any follow-on offer or asset-injection announcement.

🆕 NEW ENTRY — 1359 China Cinda Asset Management ← E Fund Management, 5.36% (crossed 5% threshold; increased by 0.61pp); bought 82,325,000 shares @ HKD 1.04 for ~HKD 85.4M Read: E Fund Management—one of China's largest public fund managers by AUM—made a fresh institutional entry into China Cinda H-shares at historically compressed valuation levels, marking a new vote of confidence in this state-backed distressed-asset manager's recovery story.

🆕 NEW ENTRY — 1081 Dajin Heavy Industry ← FIL Limited / Pandanus Associates Inc. / Pandanus Partners L.P. (Fidelity International group), 5.09% (crossed 5% threshold; increased by 0.17pp); bought 165,600 shares @ HKD 65.73 for ~HKD 10.9M Read: Fidelity International's FIL vehicle and its affiliated Pandanus entities filed simultaneous 5% threshold disclosures for this relatively illiquid mid-cap industrial H-share, signalling coordinated new institutional positioning across the group's related fund structures.

🆕 NEW ENTRY — 525 Guangshen Railway ← Citigroup Inc., 5.03% (crossed 5% threshold; increased by 0.12pp); bought 1,762,957 shares @ HKD 2.13 for ~HKD 3.8M Read: Citigroup's combined book crossed the 5% mandatory disclosure mark in Guangshen Railway H-shares; the modest transaction size relative to Citigroup's overall balance sheet suggests prime brokerage or equity derivatives hedging activity rather than a directional portfolio investment.

🆕 NEW ENTRY — 3908 CICC ← BlackRock, Inc., 5.04% (increased by 0.07pp) [administrative entity reorganisation; one sub-entity filed "ceased" while group aggregate rose] Read: Despite a BlackRock sub-entity triggering a "ceased notifiable interest" form, the firm's group-level CICC stake actually edged up to 5.04%, indicating an intra-BlackRock transfer between affiliated vehicles with no net change in investment intent.

🆕 NEW ENTRY — 9995 RemeGen ← BlackRock, Inc., 5.15% (increased by 0.16pp) [administrative entity reorganisation; same-date pattern as CICC above] Read: Identical structural pattern to BlackRock's same-day CICC filing: one sub-entity "ceased" while the group aggregate in this HK-listed biotech climbed to 5.15%, consistent with routine reallocation of holdings across BlackRock's internal fund entities.

🏢 BUYBACK — 2600 Chalco / 1772 Ganfeng Lithium / 358 Jiangxi Copper ← BlackRock, Inc. across all three; issuer buybacks reduced BlackRock's disclosed stake in each:

• 2600 Chalco (Aluminum Corp of China) — 8.86% (decreased by 0.59pp from 9.45%)
• 1772 Ganfeng Lithium — 6.74% (decreased by 0.89pp from 7.63%)
• 358 Jiangxi Copper — 4.91% (decreased by 0.58pp from 5.49%) Read: Each company's share repurchase programme resulted in a reduction of BlackRock's disclosed percentage interest across three China materials H-shares by 0.58 to 0.89pp—routine issuer-buyback paperwork for a large passive holder, with no average transaction price reported.

🏢 BUYBACK — 6609 Shanghai HeartCare Medical Technology ← Kui Ding, 3.91% (decreased by 2.06pp from ~5.97%); 650,000 shares repurchased by issuer Read: The company's buyback programme removed 650,000 shares from director Kui Ding's position, pushing his stake from just under 6% down to 3.91% and below the 5% ongoing disclosure threshold—a notable passive reduction in executive skin-in-the-game.

⚙️ OPTION/CONVERSION — 148 Kingboard Holdings ← Hallgain Management Limited, three successive share issuance tranches diluting the anchor holder:

• Jun 22: 20,000,000 new shares @ HKD 140.33 (~HKD 2.81B) → Hallgain 41.74% (decreased by 2.32pp from 44.06%)
• Jun 23: 22,028,500 new shares @ HKD 131.38 (~HKD 2.89B) → Hallgain 39.78% (decreased by 1.96pp)
• Jun 24: 25,352,500 new shares @ HKD 127.93 (~HKD 3.24B) → Hallgain 37.52% (decreased by 2.26pp) Read: Kingboard Holdings ran three consecutive share placement tranches totalling ~HKD 8.9B at declining prices across the week, progressively diluting anchor holder Hallgain from ~44.1% to 37.52%—a sizeable capital raise that retail investors should monitor for use-of-proceeds disclosure.

⚙️ OPTION/CONVERSION — 1963 Bank of Chongqing ← Funde Sino Life Insurance, 10.72% (decreased by 1.90pp from ~12.62%); 30,000,000 new shares @ HKD 8.05 for ~HKD 241.5M Read: Bank of Chongqing issued 30M new H-shares raising ~HKD 241.5M in what appears to be a concurrent capital placement, diluting existing substantial holder Funde Sino Life by 1.90pp to 10.72% in the process.