千亿资金涌入！这个主题基金“卖爆”！

Core Viewpoint - The article highlights a significant influx of capital into the Hong Kong stock market, particularly through ETFs and newly launched thematic funds, driven by favorable monetary policy expectations from the Federal Reserve [3][10]. Group 1: Capital Inflow into Hong Kong Market - Since August, over 100 billion yuan has flowed into Hong Kong thematic ETFs, indicating strong investor interest [5]. - The net subscription amount for Hong Kong thematic ETFs exceeded 100 billion yuan by September 12, with technology, innovative pharmaceuticals, and financial sectors being the most favored [5][10]. - Specific ETFs such as the Fuguo Hong Kong Internet ETF and the Huatai-PineBridge Southbound Hang Seng Technology Index ETF saw net subscriptions of over 150 billion yuan and 66.86 billion yuan, respectively [5]. Group 2: New Fund Launches - The newly launched Huashang Hong Kong Value Return Mixed Fund sold out in one day, with subscription applications exceeding the 1 billion yuan cap [6]. - The fund received over 30 billion yuan in subscription applications on its first day, with a confirmation ratio of 32.95% [6]. Group 3: Institutional Participation - Recent Hong Kong thematic ETFs have attracted significant institutional investment, with several private equity funds among the top ten shareholders in the Huazhang Hang Seng Biotechnology ETF [8]. Group 4: Increased Equity Fund Allocation - Active equity funds have raised their allocation to Hong Kong stocks to 20%, marking a historical high, with over 15 new thematic funds reported in September [10]. - The expectation of a shift in the Federal Reserve's monetary policy, particularly a potential interest rate cut, is seen as a key driver for increased liquidity and valuation improvements in the Hong Kong market [10]. Group 5: Investment Opportunities - The current market presents systemic discount recovery opportunities, particularly in sectors like AI chips, innovative pharmaceuticals, and international companies [11]. - Potential adjustments in dividend tax policies may further enhance the attractiveness of dividend stocks in the Hong Kong market [11].