Core Viewpoint - The non-bank financial sector in Hong Kong is experiencing significant growth, as evidenced by the strong performance of the CSI Hong Kong Stock Connect Non-Bank Financial Theme Index and its associated ETF, which have seen substantial inflows and returns [1][2][4]. Market Performance - As of July 24, 2025, the CSI Hong Kong Stock Connect Non-Bank Financial Theme Index rose by 1.80%, with notable increases in constituent stocks such as Zhongzhou Securities (up 4.98%) and CITIC Financial Assets (up 4.84%) [1]. - The Hong Kong Stock Connect Non-Bank ETF recorded a 2.38% increase, marking its fifth consecutive day of gains [1]. - The ETF's trading volume was active, with a turnover rate of 11.92% and a half-day transaction value of 1.157 billion [1]. Fund Inflows and Performance - The Hong Kong Stock Connect Non-Bank ETF has seen continuous net inflows for 16 days, with a maximum single-day inflow of 820 million, totaling 4.334 billion in net inflows [1]. - Over the past month, the ETF has accumulated 5.725 billion in net inflows [1]. - The ETF's net asset value increased by 84.37% over the past year, ranking it 36th out of 2,936 index stock funds, placing it in the top 1.23% [2]. Investment Strategy and Outlook - The non-bank sector is viewed positively, with current valuations at historical midpoints, offering high cost-effectiveness and safety margins [4]. - Macroeconomic stability and liquidity release from interest rate cuts are expected to benefit the non-bank sector, which is a key participant in the capital market [4]. - The index tracks up to 50 listed companies in the non-bank financial theme, reflecting the overall performance of this sector within the Stock Connect framework [2][4]. Key Holdings - As of June 30, 2025, the top ten weighted stocks in the index accounted for 77.92%, with major holdings including China Ping An, AIA, and Hong Kong Exchanges and Clearing [3]. - The top three holdings, China Ping An, AIA, and Hong Kong Exchanges, each represent over 14% of the index [3].
连续5日上涨,全市场孤品港股通非银ETF(513750)半日收涨2.38%,近一个月累计净流入超57亿元
Xin Lang Cai Jing·2025-07-24 05:29