Where is institutional money going amid the market pullback?

  • On 3 November, turnover on the Shanghai and Shenzhen markets was 1.7 trillion yuan, down 80.3 billion yuan from the previous trading day, and more than 3300 stocks fell; turnover in each of four broad-based ETFs exceeded ten billion yuan that day.
  • In the trading rankings, 32 stocks saw institutional net purchases or sales exceeding 10 million yuan, of which 9 saw net buying and 23 saw net selling. Institutions net bought 107 million yuan of Chuanzhi Education and 79.27 million yuan of Ciwen Media.
  • The computing hardware sector weakened. The table shows that institutions net sold approximately 855 million yuan of Shengyi Technology, 211 million yuan of Kinwong Electronic and 179 million yuan of Accelink Technologies, respectively; all fell 10% that day.

What is the connection between Zizhu High-tech and solid-state batteries?

  • Zizhu High-tech rose 9.99% that day. Its controlled subsidiary Zijiang New Material mainly produces aluminum-plastic film. In 2025, it held a 24% share of the domestic market, ranked first domestically by sales volume and held a 16% global market share. Its customers include BYD, Sunwoda and Great Power.
  • Aluminum-plastic film is mainly used in pouch lithium batteries, and the company continues to cooperate with major battery makers on solid-state battery research and development. The company’s sensors are mainly used for pressure measurement, with virtually no applications in robotics.

What business initiatives correspond to institutional buying of Ciwen Media?

  • Ciwen Media rose 5.60% that day. The trading rankings showed that 3 institutions bought and none sold, with combined institutional net purchases of 79.27 million yuan. The company’s main businesses are investment in and operation of film and television IP content, and promotion of game products and channels.
  • The company signed a strategic cooperation framework agreement with Tencent, planning to begin with Gu Long’s works and collaborate in areas including film and television development, production and distribution, derivative content, and cultural tourism consumption. It has also partnered with platforms on short dramas and is advancing pilot cooperation on overseas short dramas.