震荡加剧，关注可以T+0的ETF

Core Viewpoint - The market is currently at a high stage, entering a "pressure above, support below" oscillation range, where the convenience of "T+0" trading for cross-border ETFs is highlighted, allowing investors to maintain positions without missing opportunities during upward trends and to stop losses on sudden downward movements [1] T+0 Settlement System - The "T+0" settlement system allows for the clearing and delivery of securities and funds on the same day of the transaction, contrasting with China's "T+1" system, which completes this process on the second working day after the transaction [3] - Certain exceptions exist for cross-border ETFs, commodity ETFs, and credit bond ETFs that can utilize the "T+0" mechanism [3] Advantages of T+0 Trading - T+0 trading helps investors seize intraday trading opportunities, making it particularly attractive for volatile stock ETFs [4] - Although A-shares do not allow T+0 trading, markets like Hong Kong do, providing flexibility for investors [4] Trading Advantages of Hong Kong T+0 ETFs - T+0 trading in the Hong Kong market, especially in the technology sector, allows investors to capture intraday trading opportunities and respond flexibly to rapid market changes without limits on trading frequency [7] - The T+0 mechanism enables investors to rotate between sectors within the same trading day, as different sectors may show significant performance divergence [8] - T+0 trading helps avoid overnight holding risks, allowing investors to quickly sell off positions in response to sudden negative events, given the absence of price limits in the Hong Kong market [8] Specific ETF Examples - The Hang Seng Technology Index ETF (513180) is highlighted as a leading product in terms of scale and average daily trading volume among A-share ETFs tracking the Hang Seng Technology Index [10]