Group 1 - The core viewpoint is that the Hang Seng Index is expected to trend upward in the second half of the year, driven by new stimulus policies from mainland China, with a target price of 25,000 points and reduced overall volatility [1] - The widening interest rate differential between China and the US has historically pressured Hong Kong stocks, but this trend has reversed in recent years, with the recent increase in the differential coinciding with a rise in Hong Kong stocks [1] - The current valuation of the Hang Seng Index is considered reasonable, with an average dividend yield of 3.9% and a price-to-earnings ratio of 10.6 times, both near historical averages [1] Group 2 - There has been a significant inflow of mainland funds into Hong Kong stocks, with over HKD 575.5 billion net inflow as of May 9 this year, driven by the higher dividend yield of Hong Kong stocks compared to declining long-term bond yields in mainland China [1] - The inflow of international funds into Hong Kong stocks has primarily come from Southeast Asia and some European and American funds, with expectations of further inflows if US-China relations improve and the Chinese economy remains stable [2] - Key sectors to watch in the second half include domestic consumption, innovative technology, new energy vehicles, and traditional thermal power, as more stimulus policies targeting daily consumer spending are anticipated [2]

证券研究报告 交易型指数基金资金流向周报 数据日期：2025/5/26-2025/5/30 长城证券产业金融研究院 基金研究 分析师：金铃 执业证书编号：S1070521040001 报告日期：2025年6月3日 交易型指数基金资金流向 国内被动股票基金 | 大 类 | 所属概念 | 基金规模 | 周涨跌幅 | 周资金净买 | 今年以来周涨跌幅 | 今年以来周资金流向 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | (亿元) | (%) | 入额(亿元) | 走势图 | 走势图 | | | | 上证50 | 1594.56 | -0.85 | 4.69 | | | | | | 沪深300 | 9834.49 | -0.81 | 22.15 | | | | | | 中证500 | 1401.20 | 0.52 | 3.83 | | | | | | 中证1000 | 1169.17 | 0.88 | -1.14 | | | | | | 创业板指 | 1264.48 | -1.00 | 12.57 | | | | | | 科创创业50 | 32 ...

金十图示：2025年06月03日（周二）全球股市指数-亚太市场（收盘） 37446.81 +0.59% -23.86 -0.06% 恒生指数 印度孟买 23512.49 SENSEX提 +354.52 2 ↓ 80719.48 +1.53% -654.27 -0.8% 澳大利亚标 普200 8466.7 +52.6 +0.63% @ JIN10.COM 金十数据 | 一个交易工具 ...

香港恒生指数6月3日（周二）收盘上涨354.52点，涨幅1.53%，报23512.49点； 香港恒生科技指数6月3日（周二）收盘上涨55.38点，涨幅1.08%，报5189.49点； 国企指数6月3日（周二）收盘上涨160.6点，涨幅1.92%，报8519.86点； 红筹指数6月3日（周二）收盘上涨50.59点，涨幅1.29%，报3987.44点。 ...

Group 1 - The Caixin China Manufacturing Purchasing Managers' Index (PMI) for May recorded 48.3, a decrease of 2.1 percentage points from April, marking the first drop below the critical point since October 2024 [1] - The Shenzhen Stock Exchange announced a scheduled adjustment of sample stocks for indices such as the Shenzhen Component Index and ChiNext Index on June 16, 2025 [2] - The All-China Federation of Industry and Commerce's Automotive Dealers Chamber issued a proposal to firmly resist "involution" competition primarily characterized by "price wars" [3] Group 2 - During the Dragon Boat Festival holiday, the National Immigration Administration reported that border inspection agencies facilitated a total of 5.907 million entries and exits for domestic and foreign personnel, averaging 1.969 million per day, which is a 2.7% increase compared to the same period last year [4] - As of the midday close, the Shanghai Composite Index rose by 0.48%, the Shenzhen Component Index increased by 0.35%, and the ChiNext Index gained 0.73%. The Hang Seng Index rose by 1.13%, while the Hang Seng Tech Index increased by 0.59% [5]

港股午间收盘， 恒生指数涨1.13%， 恒生科技指数涨0.59%。 老铺黄金涨超6%股价续创新高、 理想汽 车涨超6%； 连连数字跌超20%。 ...

港股午间收盘，恒生指数涨1.13%，恒生科技指数涨0.59%。老铺黄金、理想汽车涨超6%；连连数字跌 超20%。 无需港股通，A股账户就能T+0买港股>> ...

- 37470.67 -1.61% -494.43 -1.3% 恒生指数 印度孟买 ↓ 23157.97 SENSEX指 -131.8 型 -0.57% ↓ 81361.61 -89.4 -0.11% 澳大利亚标 普200 8414.1 -20.6 -0.24% @ JIN10.COM 金十数据 | 一个交易工具 金十图示：2025年06月02日（周一）亚太市场股市指数（收盘） ...

Group 1 - The Hang Seng Index opened down by 1.06% [1] - The Hang Seng Tech Index opened down by 1.33% [1] - BYD Company shares fell nearly 3% [1] - Kuaishou Technology shares dropped by 2.8% [1] - BeiGene shares decreased by 1.66% [1]

金十图示：2025年05月30日（周五）全球股市指数-亚太市场（收盘） ↓ 37965.1 -0.05% -467.88 -1.22% 恒生指数 印度孟买 ↓ 23289.77 SENSEX指 -283.61 载 -1.2% ↓ 81469.16 -163.86 -0.2% 澳大利亚标 普200 8434.7 +24.9 +0.3% @ JIN10.COM 金十数据 | 一个交易工具 ...