反内卷有进展，汽车板块迎利好？港股通汽车ETF（159323）近10日“吸金”超6000万

Group 1 - The Hong Kong stock market opened lower on June 12, with technology stocks declining and gold stocks rising, while new consumption and innovative drug concepts showed signs of recovery [1] - The Hong Kong Stock Connect automotive ETF (159323) experienced a pullback, dropping over 2%, with major holdings like XPeng Motors, BYD, and Beijing Automotive leading the decline [1] - Several automotive manufacturers announced a commitment to a payment term of no more than 60 days to suppliers, including both established companies like FAW and SAIC, as well as emerging players like BYD and NIO [1] Group 2 - CITIC Securities noted that the previous procurement payment terms exceeding 60 days increased risks related to capacity expansion and price wars, and the new payment term is expected to promote high-quality development in the automotive industry [2] - The change in payment terms is seen as a timely response to macroeconomic conditions and is expected to address ongoing price war issues in the industry [2] - The Hong Kong Stock Connect automotive ETF (159323) attracted a total of 60.13 million HKD in net inflows over the past 10 days, with a net flow rate of 35.86%, indicating strong investor interest in the automotive sector [2]