港股新消费投资热潮涌动 港股通消费ETF（159245）捕捉新消费成长红利

Core Viewpoint - The Hong Kong stock market's new consumption sector is experiencing significant growth, driven by the emotional spending trends of the younger generation, particularly the Z generation, leading to high performance in stocks like Pop Mart and Lao Pu Gold [1][2]. Group 1: Market Performance - The new consumption sector in the Hong Kong stock market has seen leading stocks like Pop Mart and Lao Pu Gold achieving year-to-date increases of over 160% and 300%, respectively [1]. - The emotional consumption trend among the younger demographic is reshaping the market, with over 40% of their purchasing behavior driven by emotional satisfaction [2]. Group 2: Investment Opportunities - The Hong Kong Stock Connect Consumption ETF (fund code: 159245) is currently being issued, providing investors with a convenient tool to invest in the new consumption sector [1][4]. - The ETF tracks the National Index for Hong Kong Stock Connect Consumption Theme, which captures high-growth trends in the new consumption sector [4]. Group 3: Policy and Capital Flow - Strong underlying consumer demand is complemented by policy incentives and inflows of southbound capital, which are driving the consumption sector's strength [3]. - The "old-for-new" policy has significantly boosted sales, with over 1.1 trillion yuan in sales generated from five major categories by May 31 [3]. - Southbound capital has accelerated its inflow into Hong Kong stocks, with net purchases exceeding 610 billion yuan by June 3, focusing on non-essential consumption and technology sectors [3]. Group 4: Future Outlook - The current period is seen as an optimal time to invest in the Hong Kong new consumption sector, with clear signs of consumption recovery and improving liquidity in the market [4]. - The leading new consumption companies are still in the early stages of overseas expansion, indicating substantial growth potential [4].