Group 1 - The implementation of the vehicle trade-in policy in 2026 is expected to stabilize market expectations and boost Q1 sales, with the subsidy policy being beneficial for market stability [1] - The core adjustment for the passenger vehicle sector is the shift from fixed subsidies to proportional subsidies based on vehicle prices, which is anticipated to support domestic demand in Q1 2026 and help restore industry profits [1] - The commercial vehicle sector is expected to maintain high prosperity, particularly in heavy trucks and buses, driven by the continued effects of domestic subsidies and high growth in non-Russian exports [1] Group 2 - The Hong Kong Automotive ETF (520720) tracks the Hong Kong Stock Connect Automotive Index (931239), which selects listed companies involved in vehicle manufacturing and components to reflect the overall performance of the automotive sector [2] - The index focuses on smart driving and new energy vehicles, with constituent stocks primarily concentrated in the automotive sector, showcasing high growth potential and international characteristics [2]
香港汽车ETF（520720）涨超0.8%，连续5日资金净流入
Mei Ri Jing Ji Xin Wen·2026-01-16 03:18