年轻一代正成为中国消费驱动力！港股消费ETF（159735）现涨1.46%，实时成交额突破3100万元排名同指数第一

Group 1 - The core viewpoint highlights a surge in "emotional consumption" among China's younger generation, particularly the Z generation, leading to significant revenue growth for companies like Pop Mart, Lao Pu Gold, and Mixue Ice City [1] - The Z generation, exceeding 250 million consumers, exhibits a polarized spending behavior, being frugal on daily necessities while willing to spend hundreds or thousands of dollars on hobbies such as toys and trendy accessories [1] - The overall investment value in the "big consumption" sector is emphasized, with notable performance from companies like Pop Mart, Mixue Ice City, and Lao Pu Gold, which have gained popularity among the Z generation [1] Group 2 - The Hong Kong Consumption ETF (159735) tracks the Hong Kong Consumption Index, which reflects a higher proportion of new consumption categories compared to A-shares, focusing on e-commerce, consumer electronics, new energy vehicles, and more [2] - A positive shift in policy direction is noted, moving from merely stimulating consumption to focusing on pre-consumption factors such as income, credit, and social security, which is expected to enhance consumer confidence and spending capacity [2] - Supportive policies for personal consumption loans, including credit repair and risk control, are anticipated to unlock more consumer demand, contributing to the recovery of consumption in various sectors [2]