Mei Ri Jing Ji Xin Wen·2025-09-03 02:30Group 1: Market Performance - The Hong Kong stock market indices experienced fluctuations, with the Hang Seng Technology Index turning downward on September 3rd [1] - The Hang Seng Technology Index ETF (513180) followed the index's downward trend, while stocks like Alibaba Health, NIO, Baidu Group, Li Auto, and JD Group saw gains [1] - The Hong Kong Stock Connect Automotive ETF (159323) saw a slight increase, with stocks like Ascendent Holdings and Li Auto rising, while BYD, Horizon Robotics, and Xpeng Motors declined [1] Group 2: New Energy Vehicle Market - The new energy vehicle market in China maintained a growth trend in August, with wholesale sales of 1.3 million units, a year-on-year increase of 24% and a month-on-month increase of 10% [1] - Cumulatively, from January to August, wholesale sales reached 8.93 million units, representing a year-on-year growth of 34% [1] - Several new energy vehicle manufacturers reported significant delivery numbers for August, with Leap Motor delivering 57,066 units (up over 88%), Xpeng Motors delivering 37,709 units (up nearly 169%), and NIO delivering 31,305 units (up over 55%) [1] Group 3: Investment Insights - Everbright Securities noted that despite the overall good performance of the Hong Kong stock market this year, valuations still offer certain cost-effectiveness [2] - The influx of southbound funds has exceeded HKD 1 trillion this year, with a recent focus on AI core assets in the Hong Kong stock market [2] - The Hang Seng Technology Index ETF (513180) includes 30 leading Hong Kong technology stocks, focusing on the AI industry chain, with companies like Alibaba, Tencent, Xiaomi, Meituan, SMIC, and BYD expected to be among the "Seven Giants" of Chinese tech stocks [2]