Group 1 - The number of initial jobless claims in the U.S. unexpectedly dropped to a three-year low, contrasting sharply with earlier weak ADP employment reports and record corporate layoffs, leading to a divergence in market perceptions regarding a soft landing for the U.S. economy [2] - The interest rate futures market is increasingly betting that the Federal Reserve will ignore data noise and implement rate cuts, indicating a significant shift in macroeconomic logic where investors believe the Fed's policy response has transitioned from being data-dependent to a more preemptive easing approach to mitigate potential economic slowdown risks [2] Group 2 - On Thursday, the Hong Kong Stock Connect saw a net inflow of HKD 1.5 billion, with the largest net inflow into the Tracker Fund of Hong Kong (02800.HK) amounting to HKD 2.61 billion, followed by WuXi Biologics (02269.HK) [2] - Conversely, Tencent Holdings (00700.HK) experienced the largest net outflow, totaling HKD 1.35 billion, followed by Semiconductor Manufacturing International Corporation (00981.HK) [2]

12月5日早盘，港股芯片产业链再度走强，全市场首只聚焦"港股芯片"产业链的港股信息技术ETF （159131）场内价格震荡攀升，现涨1.07%，实时成交额超4000万元。从技术面来看，港股信息技术 ETF（159131）日K出现MACD金叉形态，或为上涨趋势信号。 | | | 分野 15日 1分 5分 15分 30分 60分 日 周 月 * | | | | 19 Chicks Child 7,40 Microsoft Color Color Color Concession of Concession of Concessful of September of | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.94 | | | | 159131[精股值想技术ETF] 11:09 价 0.943 温跌 0.010(1.07%) 均价 0.935 威交量 8085 IOPV 0.9435 | | | | E | | 0.943 +0.010 +1.07% | | | | | | | | ...

来源：市场资讯 中芯国际集成电路制造（北京）有限公司，成立于2002年，位于北京市，是一家以从事计算机、通信和 其他电子设备制造业为主的企业。企业注册资本100000万美元。通过天眼查大数据分析，中芯国际集成 电路制造（北京）有限公司共对外投资了1家企业，参与招投标项目53次，专利信息5000条，此外企业 还拥有行政许可225个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，中芯国际集成电路制造（上海）有限公司、中芯国际集成电路制造（北京） 有限公司取得一项名为"掩膜版、半导体结构及其形成方法"的专利，授权公告号CN114078751B，申请 日期为2020年8月。 天眼查资料显示，中芯国际集成电路制造（上海）有限公司，成立于2000年，位于上海市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本244000万美元。通过天眼查大数据分 析，中芯国际集成电路制造（上海）有限公司共对外投资了4家企业，参与招投标项目127次，财产线索 方面有商标信息150条，专利信息5000条，此外企业还拥有行政许可446个。 ...

Group 1 - The core viewpoint of the articles highlights the strong performance of semiconductor stocks, particularly related to Moores Threads and the semiconductor equipment sector, with significant price increases expected due to rising demand driven by AI [1][2][3] - Moores Threads announced that its stock will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 5, with its issuance price being the highest among new stocks this year [1] - The semiconductor equipment ETF (561980) saw a daily increase of 3.63%, leading its peers, and the underlying index, the CSI Semiconductor, had the highest single-day gain among similar indices [1][3] Group 2 - The global semiconductor equipment sales are projected to grow by 11% year-on-year, reaching $33.66 billion by Q3 2025, indicating strong growth in the sector [1] - The storage industry is experiencing a tight supply-demand situation, with AI becoming a core driver of future storage demand, particularly for HBM, large-capacity DDR5, and enterprise SSDs [2] - The anticipated supply-demand gap for NAND is expected to reach -14.20% and -14.25% in 2026 and 2027, respectively, while DRAM supply-demand gaps are projected at -9.38% and -8.84% for the same years [2] Group 3 - Historical cycles in the storage market have been driven by emerging technologies that promote product upgrades and innovations, suggesting that the industry may be at the beginning of a new storage cycle driven by AI [3] - The semiconductor equipment ETF (561980) tracks an index where over 50% is composed of semiconductor equipment, with a significant concentration in leading companies such as Zhongwei Company and North Huachuang [3] - As of December 3, the CSI Semiconductor index has seen a year-to-date increase of 54%, with a maximum increase of over 80%, ranking first among major semiconductor indices [3]

截至发稿，华虹半导体(01347.HK)跌3.48%、上海复旦(01385.HK)跌2.01%、中芯国际(00981.HK)跌 1.50%。 ...

Group 1 - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (00728) at 72.75%, Green Power Environmental (01330) at 69.12%, and Haotian International Construction Investment (01341) at 68.59% [1][2] - Alibaba-W (09988), Meituan-W (03690), and Pop Mart (09992) saw the largest increases in holding amounts over the last five trading days, with increases of +3.691 billion, +1.948 billion, and +1.239 billion respectively [1][2] - The companies with the largest decreases in holding amounts over the last five trading days include Zijin Mining (02899) with a decrease of -1.162 billion, SMIC (00981) with -0.924 billion, and China Mobile (00941) with -0.458 billion [1][3] Group 2 - The latest holding ratios for the top 20 companies in Hong Kong Stock Connect show that China Telecom has 10.096 billion shares, Green Power Environmental has 0.280 billion shares, and Haotian International Construction Investment has 7.440 billion shares [2] - The top 10 companies with the largest increases in holdings over the last five trading days include ZTE Corporation (00763) with +0.860 billion, China Merchants Bank (03968) with +0.809 billion, and UBTECH (09880) with +0.557 billion [2] - The top 10 companies with the largest decreases in holdings over the last five trading days include China Construction Bank (00939) with -0.452 billion, Southern Hengtong Technology (03033) with -0.445 billion, and Lenovo Group (00992) with -0.403 billion [3]

Core Insights - In the first eleven months of the year, 97.4% of the 8099 comparable mixed funds experienced a net value increase, with only 212 funds declining [1][2] - The top-performing mixed funds included Yongying Technology Smart Selection Mixed Fund A and C, achieving returns of 191.71% and 190.04% respectively [1][2] - The mixed fund with the largest decline was Xinyuan Consumer Selection Mixed Fund C/A, with a return of -19.83% [3] Fund Performance - Yongying Technology Smart Selection Mixed Fund A/C was established on October 30, 2024, and had a total asset size of 11.52 billion yuan as of the end of Q3 this year, with year-to-date returns of 197.78% and 196.05% [1] - The fund's cumulative net value reached 3.3768 yuan for A and 3.3540 yuan for C [1] - The top ten holdings of Yongying Technology Smart Selection Mixed Fund A/C focus on the global cloud computing industry [1] Other Notable Funds - Other mixed funds with returns exceeding 120% include Hengyue Advantage Selected Mixed Fund A (136.72%), AVIC Opportunity Navigation Mixed Fund A (135.34%), and others [2] - The China Europe Digital Economy Mixed Fund A/C, established on September 12, 2023, had a total asset size of 13.02 billion yuan and year-to-date returns of 126.68% and 125.43% [2][3] - The fund's cumulative net value was 2.8704 yuan for A and 2.8328 yuan for C, with a focus on AI infrastructure and applications [3] Declining Funds - Xinyuan Consumer Selection Mixed Fund C/A had the largest decline, with a return of -19.83% and a cumulative net value of 0.4919 yuan [3] - The top five declining funds were primarily from GF Fund, with declines ranging from -16.88% to -17.67% [3]

Core Insights - On December 4, 2023, Sanhua Intelligent Control made its debut on the Hong Kong Stock Connect active trading list for the first time in a month, with a trading volume of 0.853 billion HKD and a net sell of 0.057 billion HKD, closing up by 7.70% [1] Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect on December 4 was 28.218 billion HKD, accounting for 37.28% of the day's total trading amount, with a net buying amount of 1.402 billion HKD [1] - Alibaba-W led the trading volume with 5.318 billion HKD, followed by Tencent Holdings and Xiaomi Group-W with trading amounts of 5.271 billion HKD and 4.995 billion HKD, respectively [1] - The most frequently listed stocks in the past month were Alibaba-W and Tencent Holdings, each appearing 22 times, indicating strong interest from Hong Kong Stock Connect investors [1] Individual Stock Performance - Sanhua Intelligent Control's trading details on December 4 included a trading volume of 0.853 billion HKD, a net sell of 0.057 billion HKD, and a closing price of 34.960 HKD, reflecting a daily increase of 7.70% [1] - Other notable stocks included: - Tencent Holdings: Trading volume of 5.271 billion HKD, net sell of 1.346 billion HKD, closing price of 612.000 HKD, daily increase of 0.16% [1] - Xiaomi Group-W: Trading volume of 4.995 billion HKD, net buy of 0.232 billion HKD, closing price of 41.980 HKD, daily increase of 4.38% [1] - Alibaba-W: Trading volume of 5.318 billion HKD, net sell of 0.010 billion HKD, closing price of 154.400 HKD, daily increase of 0.52% [1]

Group 1 - The Hang Seng Index rose by 0.68% to close at 25,935.90 points on December 4, with a net inflow of HKD 1.48 billion through the southbound trading channel [1] - The total trading volume for the southbound trading on December 4 was HKD 75.688 billion, with a net buy of HKD 1.48 billion [1] - In the Shanghai-Hong Kong Stock Connect, the trading volume was HKD 46.347 billion with a net sell of HKD 1 billion, while the Shenzhen-Hong Kong Stock Connect had a trading volume of HKD 29.341 billion with a net buy of HKD 2.481 billion [1] Group 2 - In the top ten active stocks for the Shanghai-Hong Kong Stock Connect, Tencent Holdings had the highest trading amount of HKD 37.50 billion, followed by Alibaba-W and Xiaomi Group-W with HKD 29.39 billion and HKD 26.78 billion respectively [1] - The stock with the highest net buy was the Tracker Fund of Hong Kong (盈富基金) with a net buy of HKD 2.107 billion, closing up by 0.77% [1] - Tencent Holdings had the highest net sell amount of HKD 1.919 billion, closing up by 0.16% [1] Group 3 - In the Shenzhen-Hong Kong Stock Connect, Alibaba-W led with a trading amount of HKD 23.79 billion, followed by Xiaomi Group-W and Tencent Holdings with HKD 23.16 billion and HKD 15.21 billion respectively [2] - The stock with the highest net buy in the Shenzhen-Hong Kong Stock Connect was Xiaomi Group-W with a net buy of HKD 0.794 billion, closing up by 4.38% [2] - The stock with the highest net sell in the Shenzhen-Hong Kong Stock Connect was Kuaishou-W with a net sell of HKD 0.094 billion, closing up by 0.15% [2]

Market Overview - On December 4, the Hang Seng Index rose by 0.68%, with southbound funds totaling HKD 756.88 billion in trading volume, including HKD 385.84 billion in buying and HKD 371.04 billion in selling, resulting in a net buying amount of HKD 14.80 billion [1] Southbound Trading Activity - The southbound trading through Stock Connect (Shenzhen) had a cumulative trading volume of HKD 293.41 billion, with net buying of HKD 24.81 billion, while the Stock Connect (Shanghai) recorded a cumulative trading volume of HKD 463.47 billion, resulting in a net selling of HKD 10.00 billion [1] Active Stocks - Alibaba-W had the highest trading volume among southbound funds at HKD 53.18 billion, followed closely by Tencent Holdings at HKD 52.71 billion and Xiaomi Group-W at HKD 49.95 billion [1] - The top net buying stocks included the Tracker Fund of Hong Kong (盈富基金) with a net buying amount of HKD 26.06 billion, followed by WuXi Biologics (药明生物) with HKD 3.16 billion and Xiaomi Group-W with HKD 2.32 billion [1] Continuous Net Buying and Selling - Three stocks experienced continuous net buying for more than three days, with Meituan-W leading at six days, followed by Xiaomi Group-W at five days and Xpeng Motors-W at three days. The total net buying amounts were HKD 22.89 billion for Meituan-W, HKD 20.53 billion for Xiaomi Group-W, and HKD 1.67 billion for Xpeng Motors-W [2] - The stocks with the highest net selling included Semiconductor Manufacturing International Corporation (中芯国际) and Tencent Holdings, with total net selling amounts of HKD 34.49 billion and HKD 24.60 billion, respectively [2] Summary of Active Stocks on December 4 - The following table summarizes the active stocks with their trading amounts, net buying/selling, and daily price changes: | Code | Name | Trading Amount (HKD million) | Net Buying (HKD million) | Daily Change (%) | |-------|--------------------|------------------------------|--------------------------|-------------------| | 02800 | Tracker Fund | 284623.16 | 260585.86 | 0.77 | | 02269 | WuXi Biologics | 51978.36 | 31558.31 | 7.09 | | 01810 | Xiaomi Group-W | 499493.94 | 23169.32 | 4.38 | | 09868 | Xpeng Motors-W | 73564.27 | 10257.11 | 1.06 | | 01347 | Hua Hong Semiconductor | 159937.95 | 5363.70 | 3.11 | | 00883 | CNOOC | 47173.84 | 3007.07 | 0.92 | | 09880 | UBTECH Robotics | 73333.99 | 954.58 | 3.66 | | 03690 | Meituan-W | 171510.39 | 856.38 | 2.29 | | 09988 | Alibaba-W | 531828.80 | -117.31 | 0.52 | | 02050 | Sanhua Intelligent Control | 85349.48 | -5657.75 | 7.70 | | 01024 | Kuaishou-W | 54889.05 | -9372.22 | 0.15 | | 00981 | Semiconductor Manufacturing International | 260990.47 | -45829.01 | 3.87 | | 00700 | Tencent Holdings | 527122.94 | -134592.99 | 0.16 |