Mei Ri Jing Ji Xin Wen·2025-08-11 02:56Group 1 - The Hong Kong stock market indices opened high but experienced a decline, with cryptocurrency and lithium battery stocks showing significant gains, while automotive stocks saw partial increases [1] - The Hong Kong Stock Connect Automotive ETF (159323) rose nearly 2%, with leading stocks including Ganfeng Lithium, Tianqi Lithium, Xiaopeng Motors, Zhongsheng Holdings, and Geely Automobile, where Ganfeng Lithium surged nearly 19% and Xiaopeng Motors increased by nearly 7% [1] - Minsheng Securities noted an improvement in the passenger car fundamentals, with a recovery in terminal sales since late July, reporting sales of 405,000, 370,000, 397,000, and 448,000 units in the first four weeks of July, and 470,000 units in the first week of August [1] Group 2 - The Hong Kong Stock Connect Automotive ETF (159323) tracks the Hong Kong Stock Connect Automotive Index (931239.CSI), which focuses on the Hong Kong vehicle sector, leading in passenger car content compared to similar indices [2] - The index includes new energy vehicle manufacturers and has a higher content of intelligent driving compared to A-share automotive indices, aligning with industry development trends [2] - As of August 8, the index's price-to-earnings ratio (TTM) was 20.31, significantly lower than various A-share automotive theme indices, indicating a certain valuation advantage [2]