ETF日报 | 阿里“千问”催化，科技股多线爆发！哑铃型配置策略怎么挑？

Computer Industry - Alibaba launched the "Qianwen" app, entering the C-end AI assistant market, aiming to build an intelligent platform and expand globally, creating a technology and commercialization loop [2] - The AI ETF on the STAR Market (588760) has seen a net inflow of 530 million yuan over the last 10 trading days, indicating strong interest in the AI sector [2] - The cloud computing ETF (159527) has increased over 108% year-to-date, reflecting growth in China's cloud computing and big data industries [2] Defense and Military Industry - The defense and military sector reported a total net profit of 24.453 billion yuan for the first three quarters, a year-on-year increase of 17.29% [3] - The third quarter alone saw a net profit of 8.927 billion yuan, a significant year-on-year growth of 73.2%, driven by improved downstream demand and increased product deliveries [3] - The military industry is expected to enter a new growth cycle, supported by new equipment construction and accelerated military trade [3] Coal Industry - The coal sector is experiencing investment opportunities due to tightening supply and increasing demand, with thermal coal prices rising from 621 yuan/ton to 699 yuan/ton in the third quarter [4] - The upcoming winter heating season is expected to boost coal demand, particularly as electricity consumption rises [4] - The energy ETF (159945) that tracks the CSI All-Share Energy Index is highlighted as a potential investment opportunity [4] Hong Kong Innovative Drug Sector - The innovative drug sector in Hong Kong is in a rapid sales growth phase, with significant product approvals and inclusion in medical insurance driving revenue [5] - The largest innovative drug ETF in Hong Kong (513120) has a current scale of 25.988 billion yuan, indicating strong market interest [5] Hang Seng Technology Index - The Hang Seng Technology Index is viewed positively, with recommendations to focus on platform-based internet companies and AI ecosystem enterprises [6] - The Hang Seng Technology ETF (513380) has seen a net inflow of 1.357 billion yuan over the last 20 trading days, reflecting strong investor interest [6] Real Estate Market - The secondary real estate market is expected to continue improving, with a 4.7% year-on-year increase in transaction area for second-hand homes from January to October [9] - Major cities like Shanghai and Shenzhen have seen over 10% growth in second-hand home transactions, indicating a recovery in the real estate sector [9]