Core Points - The China Hong Kong Stock Connect Value Index closed at 3476.86 points on August 8, down by 8.96 points, representing a decline of 0.26% [1] - The index reached a high of 3487.55 points and a low of 3463.62 points during the trading day [1] - The index includes 40 stocks listed on the Hong Kong main board, selected based on high profitability and good liquidity [1] - The China Hong Kong Stock Connect Value Index was launched on December 28, 2018, with a base value of 2000 points and consists of 40 constituent stocks [1]

消息面上，正力新能近日发布盈喜，预计上半年录得纯利1.98亿至2.43亿人民币，相较去年同期亏损1.3 亿人民币，实现扭亏为盈，主要因多款定点车型量产，动力电池出货量大幅增加，推动销售收入增长； 公司持续推进提质增效改善活动，毛利率有较大的提升；及费用率有较大的下降。 智通财经APP获悉，正力新能(03677)午后涨超6%，截至发稿，涨5.13%，报11.47港元，成交额2287.16 万港元。 此外，截至6月30日恒生综合指数半年度审议考察期结束，调整名单预计将于今年8月22日收市后公布， 所有变动将于9月5日(周五)收市后实施并于9月8日(周一)起生效。华泰证券预计，19只股份或于9月初被 纳入港股通，其中包括正力新能。 ...

Core Viewpoint - On August 7, the Hang Seng Index rose by 0.69% to close at 25,081.63 points, with a net inflow of HKD 661 million through the southbound trading channel [1] Group 1: Market Activity - The total trading volume for southbound trading on August 7 was HKD 1,407.38 billion, with a net buy of HKD 661 million [1] - The Shanghai Stock Exchange's southbound trading had a total trading volume of HKD 880.57 billion, resulting in a net sell of HKD 336.3 million, while the Shenzhen Stock Exchange had a trading volume of HKD 526.81 billion with a net buy of HKD 402.4 million [1] Group 2: Active Stocks - In the Shanghai Stock Exchange's southbound trading, Xiaomi Group-W had the highest trading volume at HKD 62.12 billion, followed by the Tracker Fund of Hong Kong and Alibaba-W with HKD 47.33 billion and HKD 27.03 billion respectively [1] - Xiaomi Group-W recorded a net buy of HKD 176.73 million despite a closing price drop of 3.98%, while the Tracker Fund of Hong Kong had the highest net sell of HKD 471.99 million, closing up by 0.55% [1] - In the Shenzhen Stock Exchange's southbound trading, Xiaomi Group-W also led with a trading volume of HKD 42.66 billion, followed by SMIC and Alibaba-W with HKD 18.04 billion and HKD 17.30 billion respectively [2] - The highest net buy in Shenzhen was for SMIC at HKD 52.66 million, with a closing price increase of 0.76%, while Pop Mart had the highest net sell of HKD 13.49 million, closing up by 0.65% [2]

| 代码 | 简称 | 收盘价 (港元) | 涨跌幅 (%) | 净买入金额 (亿港元) | | | --- | --- | --- | --- | --- | --- | | 1810.HK | 小米集团-W | 51.85 | -3.98 | 17.22 | . | | 0981.HK | 中芯国际 | 53.0 | 0.76 | 5.00 | . | | 9988.HK | 阿里巴巴-W | 119.2 | 2.14 | 4.93 | . | | 0700.HK | 腾讯控股 | 567.0 | -0.26 | 4.27 | . | | 1347.HK | 华虹半导体 | 44.78 | 2.52 | 3.73 | | | 9926.HK | 康方生物 | 157.4 | -8.06 | 2.46 | . | | 1093.HK | 石药集团 | 9.68 | -3.78 | 1.84 | = | | 6181.HK | 老铺黄金 | 794.5 | 3.45 | 1.67 | . | | 1801.HK | 信达生物 | 91.4 | -6.78 | 1.22 | . | | 2228.HK | 晶泰 ...

Core Insights - The China Securities Index for Hong Kong Stock Connect Education Services has shown significant growth, with a 16.96% increase over the past month, 25.06% over the past three months, and a year-to-date increase of 45.76% [1] Group 1: Index Performance - The China Securities Index for Hong Kong Stock Connect Education Services Composite Index is currently at 2545.41 points [1] - The index is based on a sample of all securities classified under the China Securities Industry Classification Standard, reflecting the overall performance of different industry securities within the Hong Kong Stock Connect [1] Group 2: Sector Composition - The index is fully composed of securities listed on the Hong Kong Stock Exchange, with a 100% allocation [1] - Within the index, 51.58% of the holdings are in degree education, while 48.42% are in training education and other sectors [1] Group 3: Sample Adjustment - The index samples are adjusted biannually, with adjustments occurring on the next trading day following the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, but can change due to special events affecting the index sample [2]

Core Viewpoint - The China Securities Index for Hong Kong Stock Connect Cultural and Entertainment has shown significant growth, with a 9.61% increase over the past month, 45.35% over the past three months, and 42.81% year-to-date [1]. Group 1: Index Performance - The China Securities Index for Hong Kong Stock Connect Cultural and Entertainment Index is currently at 2066.25 points [1]. - The index is based on a sample of securities classified according to the China Securities Industry Classification Standard, reflecting the overall performance of different industry securities within the Hong Kong Stock Connect [1]. Group 2: Sector Composition - The index is fully composed of securities listed on the Hong Kong Stock Exchange, with a 100% allocation [1]. - Within the index, the gaming sector represents 64.10%, the film and animation sector accounts for 17.98%, and the publishing sector makes up 17.92% [1]. Group 3: Sample Adjustment - The index samples are adjusted biannually, specifically on the next trading day following the second Friday of June and December [2]. - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to changes in the index sample due to special events [2].

Summary of Key Points Core Viewpoint - On August 5, southbound funds recorded a total trading volume of 129.701 billion HKD, with a net buying amount of 23.425 billion HKD, marking the highest net buying since April 10 [1] Trading Overview - The Hang Seng Index rose by 0.68% on August 5, with total southbound fund purchases amounting to 76.563 billion HKD and sales amounting to 53.138 billion HKD, resulting in a total trading volume of 129.701 billion HKD [1] - Breakdown of trading through Stock Connect: - Northbound Stock Connect (Shanghai): - Buy: 48.220 billion HKD - Sell: 34.284 billion HKD - Net Buy: 13.936 billion HKD - Northbound Stock Connect (Shenzhen): - Buy: 28.343 billion HKD - Sell: 18.854 billion HKD - Net Buy: 9.489 billion HKD [1]

资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。当港股通证券范 围发生变动导致样本不再满足互联互通资格时，指数将相应调整。 金融界8月5日消息，上证指数高开高走，中证港股通国有企业50指数 (港股通国企50，932324)报 1223.68点。 本文源自：金融界 数据统计显示，中证港股通国有企业50指数近一个月上涨2.72%，近三个月上涨15.08%，年至今上涨 19.67%。 作者：行情君 据了解，中证港股通国有企业50指数从港股通范围内选取50只规模较大的中央国有企业及地方国有企业 上市公司证券作为指数样本，以反映港股通范围内规模较大的国有企业上市公司证券的整体表现。该指 数以2016年12月30日为基日，以1000.0点为基点。 ...

Group 1: Top Net Buy/Sell Companies - The top net buy company is BYD Company Limited (1211.HK) with a net buy amount of 14.245 billion CNY, representing a significant increase of 122,586,413 shares[8] - The second highest net buy is the Tracker Fund of Hong Kong (2800.HK) with a net buy amount of 6.866 billion CNY, with 274,875,500 shares acquired[8] - The top net sell company is China Mobile Limited (0941.HK) with a net sell amount of -2.151 billion CNY, reflecting a decrease of 25,038,050 shares[9] Group 2: Industry Distribution of Net Buy/Sell - The financial sector shows strong activity with major net buys from China Construction Bank (0939.HK) and China Life Insurance (2628.HK), totaling 3.020 billion CNY and 2.416 billion CNY respectively[8] - The consumer discretionary sector is also prominent, with significant net buys from BYD and Li Auto (2015.HK), amounting to 14.245 billion CNY and 2.137 billion CNY respectively[8] - In contrast, the telecommunications sector, led by China Mobile, shows a notable net sell, indicating a potential shift in investor sentiment[9] Group 3: Active Stocks - Meituan-W (3690.HK) is the most active stock in the Shanghai-Hong Kong Stock Connect with a total trading volume of 4.049 billion CNY and a net buy of 1.196 billion CNY[19] - Alibaba Group (9988.HK) follows closely with a trading volume of 3.790 billion CNY and a net buy of 0.654 billion CNY[19] - Xiaomi Corporation (1810.HK) also shows strong activity with a trading volume of 3.694 billion CNY and a net buy of 0.368 billion CNY[19]

Group 1: IPO Regulations and Market Dynamics - The Hong Kong Stock Exchange (HKEX) has implemented new IPO pricing regulations, requiring at least 40% of shares to be allocated to book-building investors, with a maximum public subscription clawback of 35% [1] - The new regulations aim to enhance pricing efficiency and attract international issuers and investors, reinforcing Hong Kong's status as a global financial center [1] - The new rules provide larger companies with more flexibility in public shareholding requirements, while smaller companies may face increased challenges due to higher free float requirements [1] Group 2: Fundraising Performance - In the first seven months of the year, the Hong Kong stock market has raised a total of HKD 128.6 billion through 51 IPOs, marking a year-on-year increase of over 600% [2] - More than 80% of new stocks had cornerstone investors, with total cornerstone investment amounting to HKD 51.8 billion, accounting for over 40% of the total fundraising [2] - Approximately 4 million participants engaged in IPO subscriptions, with 65% of new stocks experiencing price increases on their first trading day, and 9 stocks doubling in value this year [2] Group 3: Company Listings - Crystal Integrated (SH688249) is planning to issue H-shares and list on the Hong Kong Stock Exchange, aiming for revenue of HKD 5.07 billion to HKD 5.32 billion in the first half of 2025, representing a year-on-year growth of 15.29% to 20.97% [3] - The company anticipates a net profit of HKD 260 million to HKD 390 million for the same period, reflecting a significant year-on-year increase of 39.04% to 108.55% [3] - The listing is part of Crystal Integrated's strategy to expand internationally and broaden its financing channels amid a competitive semiconductor industry [3] Group 4: Stock Connect Updates - The Shenzhen Stock Exchange has announced the inclusion of Feng'an Technology (HK01304) and Lens Technology (HK06613) in the Stock Connect program, effective from August 4, 2025 [4] - This adjustment allows investors greater selection and is expected to enhance the visibility and capital attraction for the newly included companies [4] - The dynamic adjustment of the Stock Connect reflects market changes and investor demand [4]