Core Insights - On February 26, 2026, Alibaba-W (09988), Tencent Holdings (00700), and Yangtze Optical Fibre and Cable (06869) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 4.492 billion, 3.391 billion, and 2.065 billion respectively [1] - The same companies also led in trading volume in the Shenzhen-Hong Kong Stock Connect, with trading amounts of 4.376 billion, 3.171 billion, and 1.531 billion respectively [1] Southbound Stock Connect Trading Activity - **Top Active Companies**: - Alibaba-W (09988): Trading amount of 4.492 billion, net buy of -0.231 billion [2] - Tencent Holdings (00700): Trading amount of 3.391 billion, net buy of +37.9726 million [2] - Yangtze Optical Fibre and Cable (06869): Trading amount of 2.065 billion, net buy of -0.246 billion [2] - SMIC (00981): Trading amount of 1.740 billion, net buy of -0.221 billion [2] - CNOOC (00883): Trading amount of 1.709 billion, net buy of -0.626 billion [2] Shenzhen-Hong Kong Stock Connect Trading Activity - **Top Active Companies**: - Alibaba-W (09988): Trading amount of 4.376 billion, net buy of -0.657 billion [2] - Tencent Holdings (00700): Trading amount of 3.171 billion, net buy of -0.587 billion [2] - Yangtze Optical Fibre and Cable (06869): Trading amount of 1.531 billion, net buy of -0.379 billion [2] - Xiaomi Group-W (01810): Trading amount of 1.351 billion, net buy of +27.0028 million [2] - Kuaishou-W (01024): Trading amount of 0.808 billion, net buy of -0.06332 billion [2]

净卖出中国海洋石油8.93亿、阿里巴巴-W 8.88亿、长飞光纤光缆6.24亿、腾讯控股5.48亿、中国人寿 4.36亿、中芯国际2.98亿、华虹半导体2.84亿、泡泡玛特2.45亿。 据统计，南下资金已连续7日净买入美团，共计36.1242亿港元；连续5日净买入小米，共计32.2538亿港 元；连续4日净卖出中海油，共计12.2479亿港元。 格隆汇2月26日｜南下资金今日净卖出港股73.66亿港元，为连续第2日净卖出。其中： 净买入美团-W 3.11亿、东方电气1.25亿； ...

蓝筹股方面，腾讯控股跌2.01%，收报512港元；香港交易所涨0.78%，收报415.4港元；中国移动跌 0.88%，收报78.6港元；汇丰控股涨1.61%，收报145港元。 香港本地股方面，长实集团涨3.04%，收报48.06港元；新鸿基地产跌0.07%，收报136.3港元；恒基 地产跌0.4%，收报34.44港元。 新华社香港2月26日电 香港恒生指数26日跌384.7点，跌幅1.44%，收报26381.02点。全日主板成交 2592.77亿港元。 中资金融股方面，中国银行跌0.64%，收报4.65港元；建设银行跌1.6%，收报8港元；工商银行跌 0.62%，收报6.42港元；中国平安跌4.64%，收报67.85港元；中国人寿跌4.1%，收报31.38港元。 国企指数跌220.46点，收报8814.29点，跌幅2.44%。恒生科技指数跌151.17点，收报5109.33点，跌 幅2.87%。 【纠错】 【责任编辑:王雪】 石油石化股方面，中国石油化工股份跌1.63%，收报5.43港元；中国石油股份跌1.46%，收报9.46港 元；中国海洋石油跌3.22%，收报24.66港元。 ...

Core Viewpoint - The Hong Kong stock market experienced significant net selling from northbound capital, totaling HKD 73.66 billion, with notable net sell-offs in major stocks like Alibaba and CNOOC [1][2]. Group 1: Northbound Capital Flow - Northbound capital recorded a net sell of HKD 73.66 billion, with HKD 23.11 billion from the Shanghai Stock Connect and HKD 50.55 billion from the Shenzhen Stock Connect [1]. - The stocks with the highest net buying were Meituan (03690), Dongfang Electric (01072), and Xiaomi Group (01810) [1]. - The stocks with the highest net selling included CNOOC (00883), Alibaba (09988), and Changfei Optical Fiber (06869) [1]. Group 2: Individual Stock Performance - Alibaba (09988) had a buy amount of HKD 21.30 billion and a sell amount of HKD 23.62 billion, resulting in a net outflow of HKD 2.31 billion [2]. - CNOOC (00883) faced a net sell of HKD 8.93 billion, influenced by a drop in WTI crude oil prices below USD 65 per barrel and an increase in commercial crude oil inventory [6]. - Xiaomi Group (01810) saw a net buy of HKD 183.5 million, with the CEO emphasizing a focus on core technologies over the next five years [5]. Group 3: Market Reactions and Trends - The semiconductor sector is experiencing a divide due to AI demand, with upstream manufacturers benefiting while downstream PC and mobile manufacturers face cost pressures [5]. - Dongfang Electric (01072) received a net buy of HKD 1.25 billion, linked to the upcoming signing of a power supply commitment by major tech companies [4]. - Meituan (03690) had a net buy of HKD 3.11 billion, indicating strong investor interest [7].

Core Viewpoint - The Hong Kong High Dividend ETF (159302) has experienced a decline in both share count and total assets since the beginning of the year, indicating potential challenges in attracting investor interest [1][2]. Group 1: Fund Performance - As of February 26, the Hong Kong High Dividend ETF (159302) closed down 0.73% with a trading volume of 10.55 million yuan [1]. - The fund was established on August 23, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - The fund's performance benchmark is the China Securities Hong Kong Stock Connect High Dividend Investment Index, adjusted for valuation exchange rates [1]. Group 2: Fund Size and Liquidity - As of February 25, the latest share count for the fund was 10.5 million shares, with a total size of 145 million yuan [1]. - Compared to December 31, 2025, the fund's share count has decreased by 12.15% and total size has decreased by 5.36% this year [1]. - Over the last 20 trading days, the cumulative trading amount was 365 million yuan, with an average daily trading amount of 18.23 million yuan [1]. Group 3: Fund Management and Holdings - The current fund manager is Zhang Yichi, who has managed the fund since its inception, achieving a return of 34.80% during his tenure [2]. - The top holdings of the fund include COSCO Shipping Holdings, Far East Horizon, Minsheng Bank, and others, with the largest holding being COSCO Shipping Holdings at 5.67% [2].

Core Viewpoint - The Invesco Great Wall Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown a decrease in share count but an increase in total assets year-to-date, indicating a mixed performance in terms of investor interest and fund growth [1][2]. Group 1: Fund Performance - As of February 26, 2024, the ETF closed down 0.90% with a trading volume of 56.136 million yuan [1]. - The fund's management fee is 0.50% annually, and the custody fee is 0.08% annually [1]. - The latest share count is 331 million, with a total asset size of 485 million yuan, reflecting a 5.16% decrease in shares and a 4.00% increase in assets since December 31, 2025 [1]. Group 2: Trading Activity - Over the last 20 trading days, the ETF has accumulated a trading volume of 1.27 billion yuan, averaging 63.5013 million yuan per day [1]. - Year-to-date, in 33 trading days, the total trading volume reached 1.651 billion yuan, with an average daily trading volume of 50.028 million yuan [1]. Group 3: Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong managing since August 29, 2024, achieving a return of 48.54%, while Wang has managed since August 13, 2025, with a return of 5.74% [2]. Group 4: Top Holdings - The ETF's top holdings include: - COSCO Shipping Holdings (8.86% of holdings) - Orient Overseas International (7.48%) - Yanzhou Coal Mining (5.65%) - Seaspan Corporation (4.52%) - Yancoal Australia (4.46%) - WH Group (3.76%) - China Shenhua Energy (3.63%) - Far East Horizon (3.39%) - CNOOC (3.27%) - Sinopec (3.26%) [2][3].

南向资金净卖出73.66亿港元，中国海洋石油、阿里巴巴-W、长飞光纤光缆分别遭净卖出8.94亿港元、 8.88亿港元、6.25亿港元。净买入方面，美团-W、东方电气、小米集团-W净买入额位列前三，分别获 净买入3.11亿港元、1.25亿港元、0.18亿港元。 (本文来自第一财经) ...

港股通央企红利ETF（159266）现任基金经理为刘庭宇、蔡路平。刘庭宇自2025年7月23日管理（或拟 管理）该基金，任职期内收益3.04%；蔡路平自2025年11月5日管理（或拟管理）该基金，任职期内收 益0.20%。 最新定期报告显示，港股通央企红利ETF（159266）重仓股包括中远海控、中国神华、中国海洋石油、 中石化炼化工程、中国外运、中国船舶租赁、中信国际电讯、中国石油股份、中煤能源、建设银行，持 仓占比如下。 来源：新浪基金∞工作室 2月26日，港股通央企红利ETF（159266）收盘跌0.38%，成交额3177.87万元。 港股通央企红利ETF（159266）成立于2025年7月23日，基金全称为永赢中证港股通央企红利交易型开 放式指数证券投资基金，基金简称为港股通央企红利ETF。该基金管理费率每年0.50%，托管费率每年 0.10%。港股通央企红利ETF（159266）业绩比较基准为中证港股通央企红利指数收益率(按照估值汇率 折算)。 规模方面，截止2月25日，港股通央企红利ETF（159266）最新份额为5.39亿份，最新规模为5.72亿元。 回顾2025年12月31日，港股通央企红利E ...

Group 1 - The core viewpoint of the article highlights the performance of the oil and gas ETF, Huatai-PineBridge (159309), which rose by 0.27% to 1.500 yuan with a trading volume of 52.24 million yuan as of the midday close [1] - The major holdings of the oil and gas ETF include China National Petroleum Corporation, which fell by 1.18%, China National Offshore Oil Corporation down by 2.17%, and China Petroleum & Chemical Corporation down by 0.61% [1] - Other notable stock performances include Jereh Oilfield Services rising by 5.30%, China Merchants Energy up by 4.34%, and Zhongyuan Shipping increasing by 1.54% [1] Group 2 - The performance benchmark for the oil and gas ETF is the CSI Oil and Gas Resource Index return rate, managed by Huatai-PineBridge Fund Management Co., Ltd., with a return of 49.55% since its establishment on May 31, 2024, and a return of 16.14% over the past month [1]

来源：新浪基金∞工作室 数据显示，2月25日，华宝港股通恒生中国(香港上市)30ETF(520560)遭净赎回725.49万元，位居当日跨 境ETF净流出排名13/216。最新规模7.35亿元，前一日规模7.42亿元，当日资金净流出额占前一日规模 的比例为0.98%。 代码名称基金规模(亿元) 20260225近1月日均成交额 (亿元)净申购(亿元) 20260225近1周净申购 (亿元)近1月净申购 (亿元)基金公司520560华宝港股通恒生中国(香港上市)30ETF7.350.19-0.07-0.05-0.47华宝基金 华宝港股通恒生中国(香港上市)30ETF（520560）现任基金经理为张放、蒋俊阳。张放自2025年9月24日 管理（或拟管理）该基金，任职期内收益-9.05%；蒋俊阳自2025年9月24日管理（或拟管理）该基金， 任职期内收益-9.05%。 近5日，华宝港股通恒生中国(香港上市)30ETF(520560)遭净赎回452.93万元，位居跨境ETF净流出排名 第40/216。近10日，华宝港股通恒生中国(香港上市)30ETF(520560)遭净赎回547.99万元，位居跨境ETF 净流出排名 ...