Mei Ri Jing Ji Xin Wen·2025-08-07 06:29Group 1: Market Overview - The Hong Kong stock market indices collectively rose on August 7, with mixed performance among tech stocks, while Apple-related stocks led the gains [1] - The new Xpeng P7 was officially launched and opened for pre-orders across 228 cities in China [1] Group 2: Automotive Industry Insights - According to the China Passenger Car Association, July showed clear signs of a seasonal slowdown, influenced by previous sales surges and temporary subsidy interruptions [2] - Central government allocated an additional 68 billion yuan in subsidies, expected to boost market recovery towards the end of August [2] - Investment strategies favor companies with strong sales growth and positive mid-year report expectations, including Geely, Xpeng, and Li Auto [2] Group 3: ETF and Index Analysis - The Hong Kong Stock Connect Automotive ETF (159323) focuses on the Hong Kong passenger vehicle sector, featuring a higher concentration of new energy vehicle manufacturers compared to A-shares [3] - As of August 6, the index's price-to-earnings ratio (TTM) was 20.04, significantly lower than various A-share automotive indices, indicating potential valuation attractiveness [3]