最猛赛道，狂买！

Core Viewpoint - The article highlights the significant inflow of funds into stock ETFs, particularly those linked to the Hong Kong stock market, with a total inflow exceeding 250 billion yuan in July, indicating strong investor interest and market confidence [2][11]. Group 1: Market Performance - The A-share market has been fluctuating around the 3600-point mark, with the Shanghai Composite Index reaching a new high for the year at 3582.30 points on July 23, 2023, showing a slight increase of 0.01% [4]. - The overall market valuation has been gradually increasing due to the influx of new capital, with stock ETFs being a preferred investment vehicle for market participants [4][11]. Group 2: ETF Inflows - On July 23, 2023, the total net inflow into stock ETFs (including cross-border ETFs) was 13.89 billion yuan, marking the third consecutive day of inflows, totaling nearly 60 billion yuan over this period [3][4]. - The Hong Kong stock ETFs have been the main contributors to this inflow, with over 64 billion yuan attracted in the last three trading days and more than 254 billion yuan in July [2][11]. Group 3: Specific ETF Performance - The top-performing ETFs in terms of net inflow on July 23 included the 30-Year Treasury Bond ETF with an inflow of 10.16 billion yuan and the CSI 500 ETF with an inflow of 8.72 billion yuan [10]. - The Hong Kong stock ETFs, particularly those tracking the non-bank and internet sectors, have seen significant interest, with inflows of 6.15 billion yuan and 5.96 billion yuan, respectively [10][11]. Group 4: Future Outlook - Analysts express optimism regarding the future performance of the Hong Kong internet sector, driven by factors such as the easing of restrictions and improved investor sentiment towards core Chinese assets [11]. - The insurance sector within the Hong Kong non-bank segment is also viewed positively, with expectations of improved profitability due to a favorable investment environment and recovering premium income [12].