机构称港股短期扰动已过，恒生中国企业ETF易方达（510900）助力布局港股核心资产

Market Performance - The Hang Seng Index fell by 3%, the Hang Seng China Enterprises Index decreased by 3.1%, and the CSI Hong Kong Stock Connect China 100 Index dropped by 2.9% this week [1] - The performance of the indices over the past month shows a cumulative change of 0.4% for the Hang Seng Index, -1.2% for the Hang Seng China Enterprises Index, and -0.4% for the CSI Hong Kong Stock Connect China 100 Index [6] Future Outlook - CITIC Securities anticipates that the earnings expectations for Hong Kong stocks have undergone significant adjustments, and the disturbances from internal and external capital factors have subsided [1] - The spring market trend for Hong Kong stocks since late December 2025 is expected to continue, with large-cap stocks showing relative gains and growth sectors supported by policy direction performing better [1] Index Composition - The Hang Seng China Enterprises Index consists of 50 large-cap and actively traded stocks listed in Hong Kong, covering sectors such as consumer discretionary, financials, information technology, and energy, which together account for over 85% of the index [4] - The CSI Hong Kong Stock Connect China 100 Index includes 100 large-cap and actively traded Chinese companies within the Hong Kong Stock Connect framework, with financials, consumer discretionary, and information technology making up over 65% of the index [4] Historical Performance - Over the past year, the cumulative performance shows a 25.7% increase for the Hang Seng Index, a 16.0% increase for the Hang Seng China Enterprises Index, and a 21.1% increase for the CSI Hong Kong Stock Connect China 100 Index [7] - The annualized performance since the base date indicates a 10.6% annualized return for the Hang Seng Index, 6.0% for the Hang Seng China Enterprises Index, and 2.3% for the CSI Hong Kong Stock Connect China 100 Index [7]