港股通50ETF（159712）盘中涨超1.2%，市场关注流动性及结构分化影响

Group 1 - The core viewpoint is that Hong Kong stocks are expected to benefit from three driving forces by 2026: international capital, Chinese capital, and the Chinese economy [1] - International capital inflow into Hong Kong stocks will be driven by a weakening US dollar index [1] - The appreciation of the RMB is anticipated to attract Chinese capital that is currently overseas, allowing investors to avoid currency exchange costs and enjoy appreciation benefits [1] Group 2 - The recovery of inflation and potential debt restructuring policies in China are expected to improve the economic fundamentals, leading to a weak recovery in corporate profits [1] - The Hang Seng Technology Index is projected to experience a "Davis Triple Play," indicating favorable odds and a high long-term success rate in AI application sectors [1] - The dividend advantage of Hong Kong stocks, due to tax exemptions for insurance capital, is expected to continue outperforming A-share dividends [1] Group 3 - The innovative pharmaceutical sector and the convergence of price differences between China and the US are expected to create growth opportunities [1] - New consumption trends are likely to evolve from thematic trading to a mainline market, replicating the bull market of core assets [1] - The Hong Kong Stock Connect 50 ETF (159712) tracks the Hong Kong Stock Connect 50 Index (930931), which selects the 50 largest listed companies by market capitalization, covering sectors such as finance, discretionary consumption, and information technology [1]