HKEX Insider Activity — 2026-07-22

by hk-insider-activities-daily

🇭🇰 HKEX DI Report — 2026-07-22

🟢 ACCUMULATING — 2475 Luxshare Precision Industry (H Shares) ← Goldman Sachs, 16.68% (increased by 0.72pp from prior filing); bought 2,754,300 shares @ HKD 56.15, ~HKD 154.7M total Read: Goldman Sachs added ~HKD 154.7M on-exchange to its already-outsized 16.68% bloc in Luxshare, Apple's primary iPhone assembler, reinforcing high conviction in Chinese contract-manufacturing as AI device cycles accelerate.

🆕 NEW ENTRY — 2631 SICC Co. (H Shares) ← Steven Cohen / Point72 (7 affiliated entities), 5.14%; bought 411,100 shares @ HKD 69.93, ~HKD 28.7M Read: Steve Cohen's Point72 crossed HKEX's 5% disclosure threshold in SICC, a leading mainland silicon carbide power-semiconductor maker, via a coordinated seven-entity co-filing — marking a new institutional footprint in China's SiC supply chain.

🆕 NEW ENTRY — 902 Huaneng Power International (H Shares) ← BlackRock, 5.19% (increased by 0.24pp from prior filing) Read: A BlackRock sub-entity "ceased" notifiable interest under reason 1004, but the group's aggregate position in Huaneng Power actually rose — this is an intra-group reallocation filing, not a fresh market purchase.

🆕 NEW ENTRY — 1336 New China Life Insurance (H Shares) ← BlackRock, 5.09% (increased by 0.10pp from prior filing) Read: Mirror of the Huaneng Power filing — a BlackRock related entity ceased while the aggregate H-share stake in New China Life nudged up by 0.10pp to 5.09% via the same reason-1004 reallocation mechanism.

🏢 BUYBACK — Passive BlackRock stake shifts from issuer capital activity (all 2026-07-16, reason 1205):

• 2333 Great Wall Motor (H Shares): 8.49% (decreased by 0.62pp)
• 358 Jiangxi Copper (H Shares): 4.70% (decreased by 0.63pp) — crossed below 5% disclosure floor
• 2338 Weichai Power (H Shares): 5.86% (decreased by 0.71pp)
• 763 ZTE Corporation (H Shares): 6.99% (decreased by 0.78pp)

Read: Issuer capital events at Great Wall Motor, Jiangxi Copper, Weichai Power, and ZTE mechanically shifted BlackRock's passive percentages across all four names; Jiangxi Copper's slip below the 5% threshold is the one cross worth monitoring, as it ends BlackRock's reportable interest there.

⚙️ OPTION/CONVERSION — 9878 Huitongda Network (H Shares) ← Wang Jianguo (director), 27.43% (decreased by 3.82pp from prior filing); subscribed 20,228,819 new shares @ HKD 6.435, ~HKD 130.2M Read: Director Wang Jianguo committed a meaningful ~HKD 130.2M to a Huitongda new-share subscription yet still saw his stake diluted by 3.82pp — a mixed insider signal suggesting a concurrent large issuance to outside investors outpaced his participation.

⚙️ OPTION/CONVERSION — 6127 JOINN Laboratories (H Shares) ← Barclays PLC, 6.55% (decreased by 3.57pp from prior filing); subscribed 4,243,461 new shares @ HKD 26.43, ~HKD 112.1M Read: Barclays participated in a JOINN Laboratories placement (~HKD 112.1M), but the overall share issuance was large enough to dilute its stake by 3.57pp to 6.55%.

⚙️ OPTION/CONVERSION — 1432 China Shengmu Organic Milk ← Beijing Zhi Nong Investment / Mo Yun / Nong You Co. (3 affiliated entities), fell to 0.00% (decreased by 15.53pp); triggered by issuance of 1,301,651,000 new shares @ HKD 0.35, ~HKD 455.6M Read: A 1.3-billion-share capital injection into China Shengmu Organic Milk at HKD 0.35 diluted the three connected legacy shareholders' combined ~15.5% stake below the 5% disclosure floor — a transformative fundraise that substantially reshuffles the ownership register.

⚙️ OPTION/CONVERSION — 6083 World-Link Logistics (Asia) ← Chan Pik Shan, fell to 0.00% (decreased by 29.44pp from prior filing); triggered by subscription of 147,764,000 new shares @ HKD 0.7472, ~HKD 110.4M Read: Chan Pik Shan's near-30% cornerstone stake in World-Link Logistics was extinguished to zero by a large new-share subscription — a potential change-of-control event that warrants close monitoring for a formal general offer or restructuring announcement.