张大伟 制图 ■投基论道 南向资金年内流入近6000亿元 基金经理深挖港股投资机会 ◎记者 王彭 今年以来，内资持续加大布局港股的力度，南向资金净流入港股近6000亿元。据统计，截至一季度末， 可投港股公募对港股的配置比例超过30%，创近5年新高。多家机构认为，尽管今年以来港股已走出一 轮较为强劲的反弹行情，但后市仍有不少机会值得挖掘，其中科技方向和红利资产值得关注。 据中金公司统计，截至今年一季度末，可投港股公募基金的港股持仓占其股票投资市值比例升至 36.9%，创近5年以来新高，明显高于去年年底的30.5%。此外，截至今年一季度末，内地发行可投港股 的ETF规模达到1789.9亿元，较去年四季度末的1234.4亿元增长45%以上。 高盛大幅上调了内地与香港股市互联互通机制下今年南向资金净流量的预测值，将预估规模从750亿美 元提高至1100亿美元，理由是港股的吸引力不断增强。高盛在报告中表示，此次上调预测反映了H股在 盈利增长、估值和股息率方面更具吸引力。 站在当前时点，多家机构认为，尽管今年以来已经历一轮显著的反弹行情，但港股市场仍有不少值得挖 掘的投资机会。 南方香港成长灵活配置混合基金经理熊潇雅认为 ...

每经记者｜叶峰 每经编辑｜肖芮冬 本周股指涨跌互现，沪深两市股票型ETF和跨境型ETF合计净流出约130亿元。 行业主题上看，芯片、人工智能相关ETF被资金看好，而创新药、消费相关ETF被资金抛售。 逾百亿元资金借道ETF离场 本周沪深两市成交5.29万亿元，其中沪市成交2.11万亿元，深市成交3.18万亿元。截至最新收盘，沪指报收于3342点，全周上涨1.92%，深证成指报收于 10126.83点，全周上涨2.29%。 | 证券代码 | 证券简称 | 收盘价 | 周涨跌幅 | 周份额变化 周资金净流入额 | | ETF规模 | | --- | --- | --- | --- | --- | --- | --- | | | | (元) | (%) | (亿份) | (亿元) | (亿元) | | 510300.SH 沪深300ETF | | 3.95 | 2.04 | -5.74 | -22.58 | 3782.93 | | 510050.SH 上证50ETF | | 2.74 | 1.89 | -1.09 | -2.96 | 1650.04 | | 510500.SH 中证500ETF | | 5.72 | ...

恒生指数高开2.24%，恒生科技指数涨2.72%。快手涨超5%，龙湖集团涨5%，友邦保险、阿里健康涨超 4%。 关于港股后市 据中国证券报，对于2025年以来南向资金整体大幅净流入的情况，中金公司海外策略首席分析师刘刚表 示，本轮南向资金大举流入的过程中，ETF资金的流入非常强劲，这背后可能存在不少个人投资者通过 ETF配置港股的情况。据刘刚测算，今年后续相对确定的南向资金增量大概在2000亿港元至3000亿港元 区间，预计全年累计净流入区间为8000亿港元至10000亿港元。 对于外资未来是否加码港股市场这一问题，华泰证券首席宏观经济学家易峘表示，海外流动性短期 或"易松难紧"，对港股难形成负面制约。4月，海外投资者购买日本债券和股票的规模创1996年以来最 高，这或意味着全球资金正寻求美国资产替代品。港元汇率近期持续走强，港美利差空间缩窄但港元强 势不改表明港股或存全球资金再配置需求。 本文转载自"腾讯自选股"；智通财经编辑：刘家殷。 华泰证券首席宏观经济学家易峘认为，近期美国方面释放关税谈判信号，短期贸易冲突或存降级空间， 风险偏好提振下港股或迎来重定价窗口。展望后市，短期贸易冲突悲观情绪缓和、中期港股 ...

文 | 银行螺丝钉 （转载请注明出处） 港股指数基金的品种也越来越丰富。 常见的港股宽基指数，有恒生、H股、港股中小；策略指数，例如港股红利；行业主题指数，例如港股消费、恒生医疗、港股科技、恒生科技等。 长按识别下面二维码，添加 @课程小助手 微信，回复「 0422 」即可观看直播回放。 （提示：回复后可以耐心等待几秒哦～） 港股常见的四类指数 在我们国内，有以下几大证券交易所： 其中，香港股票市场起步早，比A股的历史还要长一些。 发展至今，已经相对比较成熟了。 这些指数分别有啥特点？影响港股涨跌走势的原因有哪些？ 如何快速查询港股各个指数的估值数据？ 针对大家的这些疑问，螺丝钉也通过直播课，进行了讲解。 从2024年全球股票市场综合排名上看，港交所是全球前十的市场。 | 交易所 | 交易所总市值排名 | | --- | --- | | 纽约证券交易所 | 1 | | 纳斯达克股票交易所 | 2 | | 上海证券交易所 | 3 | | 泛欧证券交易所 | 4 | | 东京证券交易所 | 5 | | 孟买证券交易所 | 6 | | 印度国家证券交易所 | 7 | | 深圳证券交易所 | ರ | | 香港交易所 ...

Market Overview - The Hong Kong stock market showed mixed performance with the Hang Seng Index rising by 0.7% to 22,662.71 points, while the Hang Seng Tech Index fell by 0.09% to 5,239.5 points, and the Hang Seng China Enterprises Index increased by 0.37% to 8,261.61 points [1] - Total trading volume reached 213.368 billion HKD [1] Blue Chip Performance - Nongfu Spring (09633) led blue-chip stocks with a 7.07% increase, closing at 38.6 HKD, contributing 8.44 points to the Hang Seng Index [2] - Other notable performers included Chow Tai Fook (01929) up 5.65%, Sands China (01928) up 5.35%, while CSPC Pharmaceutical (01093) fell by 5.96% [2] Sector Highlights - Major technology stocks had mixed results, with Meituan rising over 4% and Tencent and Alibaba increasing by over 1%, while Xiaomi dropped nearly 3% [3] - The gaming sector saw significant gains, with MGM China (02282) up 7.38% and Sands China (01928) up 5.35%, driven by increased tourist arrivals during the May Day holiday [3] - The airline sector also performed well, with China Eastern Airlines (00670) rising 7.3% and China Southern Airlines (01055) up 6.56% [4] Economic Indicators - The Macau gaming revenue for April reached 18.858 billion MOP, a year-on-year increase of 1.7%, with total revenue for the first four months at 76.514 billion MOP, up 0.8% [3] - The demand for air travel and rail travel saw double-digit growth during the May Day holiday, with civil aviation passenger numbers reaching a historical high of 2.19 million daily [5] Commodity and Resource Insights - Gold stocks rebounded, with Chifeng Jilong Gold Mining (06693) rising 12.86% as gold prices increased, surpassing 3,370 USD per ounce [6] - The rare earth sector experienced a surge, with prices for dysprosium and terbium rising significantly due to export restrictions [10] Notable Stock Movements - Shandong Molong (00568) saw a dramatic increase of 188.51% after being removed from risk warnings, closing at 5.02 HKD [8] - Yao Cai Securities (01428) rose 17.94% following a takeover bid from Ant Group [9] - Kinglong Magnet (06680) increased by 11.69% amid rising rare earth prices [10] Industry Developments - The pharmaceutical outsourcing industry may face short-term impacts from potential tariff measures announced by the U.S. government, but the long-term fundamentals remain stable [7] - China Software International (00354) gained 7.4% as the industry anticipates a shift towards the Harmony operating system due to changes in licensing agreements with Microsoft and Google [11]

Market Performance - The Hong Kong stock market continues to rise following a strong performance on May 2, with multiple ETFs tracking the Hong Kong market showing significant gains [1] - Several ETFs, including the Silverhua New Economy ETF and the GF China Concept Internet ETF, saw increases of over 3% [1] ETF Performance - The New Economy ETF increased by 4.25% year-to-date, while the China Concept Internet ETF rose by 3.82% [2] - The Hong Kong Consumption ETF recorded a year-to-date increase of 19.56%, indicating strong performance in the consumption sector [2] Economic Indicators - Market sentiment is expected to improve due to easing tariff expectations and the release of annual and quarterly earnings reports [6] - The manufacturing PMI for April was below expectations, but the impact on Hong Kong stocks is limited due to low dependency on export chains [6] Profitability and Growth - The overall profitability of Hong Kong stocks is projected to rise in 2024, with net profit growth expected to be 9.8% for the full year [6][8] - The return on equity (ROE) for Hong Kong stocks is anticipated to slightly increase to 7.0% in 2024, driven by improved asset turnover [7] Sector Analysis - The information technology, financial, and healthcare sectors are expected to show the most significant profitability improvements in 2024 [7][8] - Consumer staples and certain discretionary sectors are experiencing a marginal decline in profit growth, particularly in food retail and household goods [7]

Group 1 - Yu Haichun has been appointed as the new chairman of Huafu Fund, succeeding Zhao Wanli who left due to work adjustments. Yu has 34 years of experience in the securities industry [1] - Morgan Fund announced an investment of no less than 54 million RMB in its newly launched equity public fund, demonstrating confidence in the long-term potential of the Chinese capital market [2] - Fangzheng Fubon Fund will invest 5 million RMB of its own funds in the Fangzheng Fubon CSI All Share Free Cash Flow ETF, also committing to hold for at least one year [2] Group 2 - As of March 2025, the total net asset value of public funds in China reached 32.22 trillion RMB, with 163 fund management institutions [3] - In March, various types of funds saw net subscriptions, with stock funds reaching 3.4 trillion shares, a 1.29% increase from the previous month [3] - QDII funds experienced the highest subscription activity in March, with a 3.57% increase in shares, totaling 562.68 billion shares [3] Group 3 - Over 70% of actively managed equity funds have increased their holdings in Hong Kong stocks, with a total market value increase of 98.25 billion RMB in the first quarter, reaching a three-year peak [4] - The average allocation to Hong Kong stocks among these funds rose to 25.79%, the highest level in five years [4] Group 4 - Wanminyuan has slightly reduced its holdings in Dongfang Biology, with the number of shares held decreasing from 4.71 million to 4.22 million in the first quarter of 2025 [5] - The fund managed by Wanminyuan is identified as the Rongtong Health Industry Fund [5] Group 5 - The Yi Nuo Si company has seen an increase in holdings by the Zhongou Medical Health Mixed Fund managed by Ge Lan, which now holds 403,100 shares, up from 99,500 shares at the end of the previous year [7] - Yi Nuo Si specializes in providing comprehensive R&D services for high-quality innovative drugs in the biopharmaceutical sector [7] Group 6 - On April 30, the market showed mixed performance, with the Shanghai Composite Index down 0.23% and the Shenzhen Component Index up 0.51% [8] - The total trading volume in the Shanghai and Shenzhen markets reached 1.17 trillion RMB, an increase of 147.2 billion RMB from the previous trading day [8] - AI-related ETFs in the Sci-Tech Innovation Board saw significant gains, while bank stocks collectively adjusted downwards [8]

展望后市，光大证券表示，5月港股市场有望延续震荡回升格局。当前恒生指数估值处于中等偏低位 置，而恒生科技指数估值正处于历史低位，从估值角度来看，港股具有较高的投资性价比。 新华财经北京5月3日电 美洲交易时段尾盘，离岸人民币兑美元报7.2103，较前一交易日涨686点。当日 交易区间为7.2808-7.2091元，突破3月12日高点7.2157元，逼近2024年11月11日高点7.1864。 中国银河证券认为，投资者风险偏好逐渐回升。积极的财政政策和适度宽松的货币政策，有望带动港股 盈利稳中有升。 中国资产表现强势，纳斯达克中国金龙指数涨超3%。分析指出，市场情绪和美元指数波动或为主要驱 动因素。 5月2日，A股因"五一"假期休市，港股强势上涨，恒生指数收涨1.74%，恒生科技指数收涨3.08%。因发 布城区辅助驾驶系统HSD，地平线机器人-W大涨14.5%；金山软件涨6.74%、小鹏汽车-W涨6.66%、小 米集团-W涨6.31%；比亚迪电子、阿里巴巴-W、理想汽车-W、商汤-W等涨超3%。 （文章来源：新华财经） 此外，3倍做多每日中国ETF涨超8%，2倍做多中国互联网股票ETF涨超6%。 周五，在港元兑 ...

Group 1 - Northbound capital recorded a net purchase of 20.3 billion HKD in the Hong Kong stock market on April 28, with the Shanghai-Hong Kong Stock Connect seeing a net purchase of 23.43 billion HKD and the Shenzhen-Hong Kong Stock Connect experiencing a net sale of 3.13 billion HKD [1] - The stocks with the highest net purchases included the Tracker Fund of Hong Kong (02800), Hang Seng China Enterprises (02828), and CanSino Biologics (09926) [1] - The stocks with the highest net sales were Alibaba-W (09988), Tencent (00700), and Xiaomi Group-W (01810) [1] Group 2 - CanSino Biologics (09926) received a net purchase of 7.79 billion HKD, with a report indicating positive results from its clinical trial for the dual-specific antibody AK112 in treating advanced squamous non-small cell lung cancer [5] - Meituan-W (03690) saw a net purchase of 5.56 billion HKD, with analysts noting that the company does not face risks of ADR delisting and has stable revenue sources [5] - China Shenhua (01088) had a net purchase of 5.17 billion HKD, with analysts highlighting its strong cash flow supporting high dividend payouts despite pressure from falling coal prices [6] Group 3 - The Tracker Fund of Hong Kong (02800) and Hang Seng China Enterprises (02828) received net purchases of 20.43 billion HKD and 12.5 billion HKD, respectively, indicating increased investor confidence [4] - Tencent (00700) and Alibaba-W (09988) faced net sales of 5.97 billion HKD and 14.24 billion HKD, respectively, amid concerns regarding the ongoing US-China trade tensions [6] - China Mobile (00941) received a net purchase of 1.13 billion HKD, while Xiaomi Group-W (01810) and SMIC (00981) experienced net sales of 2.56 billion HKD and 1.36 billion HKD, respectively [6]

银河证券表示，随着美国关税政策的影响边际递减，投资者风险偏好逐渐回升。同时，我国将实施更加 积极有为的宏观政策，用好用足更加积极的财政政策和适度宽松的货币政策，"以高质量发展的确定性 应对外部环境急剧变化的不确定性"，有望带动港股盈利稳中有升。当前港股估值处于历史中低水平， 中长期来看，投资价值仍然较高。 恒生消费ETF（513970）最新规模达17.08亿元，同类产品中排名第一！该ETF紧密跟踪的恒生消费指 数，投资于生活中的"衣食住行"，不含白酒，涵盖众多国潮、互联网消费平台、服务消费等稀缺资产， 更契合关注情绪消费、注重服务体验的新一代消费群体。 金融界4月28日消息，周一上午盘，港股高开低走，触底后震荡反弹，盘面上，科网股走势互现，内银 股走强，截至13:15，恒生消费ETF(513970)涨0.66%。 热门个股方面，泡泡玛特飙涨11%，股价再创新高，维他奶国际、波司登涨超5%，TCL电子涨超4%， 名创优品、同程旅行、滔博等涨超3%。 消息面上，4月28日，国家发展改革委副主任赵辰昕在国新办发布会上回答智通财经记者提问时表示， 提振消费方面，近期已经下达了今年第二批消费品以旧换新的资金，今年前两批 ...