该行预期政策利好将仍是股价主要催化剂，若中国政府推出提振香港经济增长的政策，相信将利好写字 楼租赁需求及房托板块情绪。另外，房托基金纳入"港股通"的任何进展亦可能成为催化剂。 智通财经APP获悉，星展发布研报称，泓富产业信托(00808)旗下物业组合出租率维持约94%，短期空置 风险有限。虽然续租租金跌幅预期较2024财年的6.4%扩大，但受惠于HIBOR下跌所带来的利息支出减 少，预期盈利表现将获支持。该行维持泓富产业信托的"买入"评级，目标价由1.58港元升至1.71港元， 预测2025年每基金单位分派(DPU)将增长约3%，全年分派收益率达约9%。 ...

Market Overview - On August 1, the Hang Seng Index fell by 1.07%, closing at 24,507.81 points, while southbound funds through the Stock Connect recorded a net purchase of HKD 12.207 billion [1] Trading Activity - The total trading volume for the Stock Connect on August 1 was HKD 133.536 billion, with a net purchase of HKD 12.207 billion [1] - The Shanghai Stock Connect had a trading volume of HKD 82.794 billion and a net purchase of HKD 5.575 billion, while the Shenzhen Stock Connect had a trading volume of HKD 50.742 billion and a net purchase of HKD 6.632 billion [1] Active Stocks - In the Shanghai Stock Connect, the most actively traded stock was InnoCare Pharma with a trading volume of HKD 33.333 billion, followed by Tencent Holdings and Alibaba Group, with trading volumes of HKD 30.233 billion and HKD 27.36 billion, respectively [1] - The stock with the highest net purchase was Hang Seng China Enterprises, with a net purchase of HKD 1.720 billion, despite a closing price drop of 0.95% [1] - Alibaba Group had the highest net sell amount of HKD 0.416 billion, closing up by 1.04% [1] Shenzhen Stock Connect Highlights - In the Shenzhen Stock Connect, Tencent Holdings led with a trading volume of HKD 23.89 billion, followed by the Tracker Fund of Hong Kong and Southern Hang Seng Technology, with trading volumes of HKD 20.76 billion and HKD 18.54 billion, respectively [2] - The stock with the highest net purchase was the Tracker Fund of Hong Kong, with a net purchase of HKD 2.069 billion, despite a closing drop of 1.11% [2] - The stock with the highest net sell amount was Innovent Biologics, with a net sell of HKD 0.402 billion, closing down by 5.10% [2]

深港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 理想汽车-W(02015) | 24.04 亿元 | +2.87 亿元 | | 阿里巴巴-W(09988) | 21.48 亿元 | +1.81 亿元 | | 腾讯控股(00700) | 19.03 亿元 | -2.53 亿元 | | 信达生物(01801) | 18.63 亿元 | +3.64 亿元 | | 中芯国际(00981) | 17.74 亿元 | -4034.73 万元 | | 小米集团-W(01810) | 15.86 亿元 | +3.13 亿元 | | 石药集团(01093) | 13.20 亿元 | +3.43 亿元 | | 药明生物(02269) | 11.45 亿元 | +1.72 亿元 | | 美团-W(03690) | 9.35 亿元 | +1.72 亿元 | | 康方生物(09926) | 9.32 亿元 | +3084.87 万元 | 2025年7月30日当天，腾讯控股(00700)、理想汽车-W(02015)、中芯国际(00981)位居沪港通（南向）成 交额 ...

每经AI快讯，7月30日，恒生指数下跌1.36%。南向资金今日净买入117.14亿港元。 南向资金成交活跃个股榜单中，净买入个股共9只，金额最多的是理想汽车-W（2015.HK，收盘价： 104.5港元），净买入20.932亿港元；净卖出个股共3只，金额最多的是中芯国际（0981.HK，收盘价： 50.2港元），净卖出2.053亿港元。 （记者 张喜威） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 | 代码 | 简称 | 收盘价 (港元) | 准庆明 (%) | 净买入金额 (亿港元) | | | --- | --- | --- | --- | --- | --- | | 2015.HK | 理想汽车-W | 104.5 | -12.84 | 20.93 | . | | 1093.HK | 石药集团 | 10.1 | 2.33 | 8.73 | . | | 3690.HK | 美团-W | 127.4 | -0.93 | 4.47 | . | | 9988.HK | 阿里巴巴-W | 117.1 | -2.98 | 3.57 | | | 0700.HK | 腾讯控股 ...

Group 1 - The core viewpoint of the report indicates that after a period of consolidation, the Hong Kong stock market is expected to reach new highs, supported by factors such as a potential resolution in the trade war, improvement in Sino-US relations, and a restart of the US interest rate cut cycle [2][4]. - The Hang Seng Index experienced a "V" shaped trading pattern, closing at 25,524 points, down 37 points or 0.15%, with a notable increase in trading volume, particularly in the Stock Connect segment [2][3]. - The report highlights that the Northbound capital flow remains strong, with a net inflow of HKD 12.7 billion, marking a 37.5% increase from the previous day, and a total net inflow exceeding HKD 45 billion over the last four trading days [3]. Group 2 - The report discusses the upcoming review of the Hang Seng Index, with significant increases in the average market capitalization thresholds for inclusion and exclusion, rising to HKD 7.33 billion and HKD 4.63 billion respectively, reflecting increases of 21.6% and 17.8% [6]. - It is anticipated that 20 non A+H stocks and 5 new A+H stocks will become new additions to the Stock Connect, with 22 non A+H stocks expected to qualify based on average market capitalization and turnover rates [6][8]. - The report identifies specific stocks that are particularly noteworthy for potential inclusion in the Stock Connect, including Nanshan Aluminum International (2610.HK) and KANAT Optics (2276.HK), among others [8].

南向资金今日成交概况 （原标题：南向资金今日净买入127.20亿港元） 7月29日南向资金全天成交额1554.92亿港元，成交净买入127.20亿港元。 证券时报•数据宝统计显示，7月29日恒生指数下跌0.15%，南向资金合计买入成交841.06亿港元，卖出 成交713.86亿港元，合计成交额1554.92亿港元。 具体看，港股通（沪）买入成交521.11亿港元，卖出成交462.33亿港元，合计成交额983.44亿港元，成 交净买入58.78亿港元；港股通（深）买入成交319.95亿港元，卖出成交251.53亿港元，合计成交571.48 亿港元，成交净买入68.42亿港元。（数据宝） | | 买入成交额 | 卖出成交额 | 成交净买入 | | --- | --- | --- | --- | | | （亿港元） | （亿港元） | （亿港元） | | 港股通（深） | 319.95 | 251.53 | 68.42 | | 港股通（沪） | 521.11 | 462.33 | 58.78 | | 合计 | 841.06 | 713.86 | 127.20 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资 ...

Group 1: Top Net Buy/Sell Companies - The top net buy company is China Life (2628.HK) with a net buy amount of 40.30 billion CNY, acquiring 177,142,212 shares[8] - The second highest net buy is China Construction Bank (0939.HK) with a net buy of 25.53 billion CNY, acquiring 307,628,796 shares[8] - The top net sell company is China Mobile (0941.HK) with a net sell amount of -29.03 billion CNY, selling 33,535,578 shares[9] Group 2: Industry Distribution of Net Buy/Sell - The financial sector shows significant net buying activity, led by China Life and China Construction Bank, indicating strong investor confidence in financial stocks[8][9] - The technology sector, represented by Kuaishou (1024.HK) and SMIC (0981.HK), also sees substantial net buying, with Kuaishou netting 19.03 billion CNY[8] - Conversely, the telecommunications sector, particularly China Mobile, experienced notable net selling, reflecting potential investor concerns in this area[9] Group 3: Active Stocks - The most active stock in the Shanghai-Hong Kong Stock Connect is the盈富基金 (2800.HK) with a total trading volume of 49.37 billion CNY and a net buy of 49.02 billion CNY[18] - SMIC (0981.HK) is also among the top active stocks with a trading volume of 40.80 billion CNY but a net sell of -6.84 billion CNY, indicating volatility[18] - Tencent Holdings (0700.HK) shows significant trading activity with a total volume of 22.47 billion CNY and a net buy of 2.48 billion CNY, suggesting ongoing interest[18]

Investment Rating - The report maintains an "Outperform" rating for the Hong Kong stock market [4] Core Viewpoints - The Hong Kong stock market is experiencing a "de-involution" trend, with significant gains in upstream industries. The Hang Seng Index rose by 2.3% and the Hang Seng Tech Index increased by 2.5% [1] - The report highlights that the overall EPS forecast for the Hong Kong Stock Connect has been revised upward by 0.4%, with the steel industry seeing a notable increase of 14.2% in EPS expectations [3] Summary by Sections Market Performance - The Hang Seng Index increased by 2.3%, while the Hang Seng Tech Index rose by 2.5%. Mid-cap stocks outperformed large-cap and small-cap stocks, with mid-cap stocks up by 3.9% [1] - Among the major concept indices, the Hang Seng High Dividend Index led with a 4.2% increase, while the Hang Seng Innovation Drug Index lagged with only a 0.6% increase [1] Fund Flow - The average daily fund inflow decreased to HKD 1.26 billion from HKD 1.41 billion the previous week. A total of 28 industries saw fund inflows, with non-bank financials leading at HKD 230 million per day [2] Earnings Forecast - The overall EPS forecast for the Hong Kong Stock Connect was revised upward by 0.4%, with 28 industries seeing upward revisions. The steel industry had the highest upward revision at 14.2% [3]

ETF Industry News - The three major indices collectively rose, with the Shanghai Composite Index increasing by 0.65%, the Shenzhen Component Index by 1.21%, and the ChiNext Index by 1.5% [1][4] - Several ETFs in the non-ferrous metal sector saw significant gains, particularly rare metal ETFs, which rose by 7.49%, 7.32%, and 6.87% respectively [1][11] - Conversely, gold stock ETFs experienced declines, with decreases of 1.13%, 1.12%, and 0.92% [1] Market Performance - The overall performance of the metal sector has been strong, driven by factors such as the successful price recovery of polysilicon and the tightening of mining rights for lithium, cobalt, and rare earths [2] - The recent price increases in lithium and cobalt are attributed to independent factors such as export bans from the Democratic Republic of Congo and strategic shortages in rare earths [2] - The steel sector's trading logic is shifting from raw material discounts to a focus on supply contraction and declining raw material prices, which is expected to improve industry conditions [2] ETF Fund Flows - Since July, the Hong Kong Stock Connect ETFs have attracted over 25.4 billion yuan in net inflows, with a total of 64 billion yuan in the last three trading days alone [3] - The overall stock ETF market has seen a net inflow of approximately 6 billion yuan over three consecutive trading days [3] Sector Performance - In terms of sector performance, beauty care, non-ferrous metals, and steel ranked highest today, with daily increases of 3.1%, 2.78%, and 2.68% respectively [6] - Over the past five trading days, coal, steel, and construction materials have shown strong performance, with increases of 10.47%, 10.42%, and 9.73% respectively [6] ETF Categories - The average daily performance of various ETF categories indicates that thematic stock ETFs performed the best with an average increase of 1.41%, while commodity ETFs had the worst performance with an average decrease of 1.29% [9] - The top-performing ETFs today included rare metal ETFs, which had significant daily returns, while gold ETFs saw declines [11][12] Trading Volume - The top three ETFs by trading volume today were the A500 ETF, the Sci-Tech 50 ETF, and the CSI 300 ETF, with trading volumes of 4.168 billion yuan, 3.850 billion yuan, and 3.729 billion yuan respectively [14][15]

Group 1 - On July 22, 2025, the top three companies by trading volume in the Hong Kong Stock Connect (southbound) were Dongfang Electric (01072) with a trading volume of 4.374 billion, Huaxin Cement (06655) with 3.489 billion, and Tencent Holdings (00700) with 2.647 billion [1] - In the Shenzhen-Hong Kong Stock Connect (southbound), the top three companies by trading volume were SMIC (00981) with 1.979 billion, Meituan-W (03690) with 1.833 billion, and Alibaba-W (09988) with 1.739 billion [1] Group 2 - The top active companies in the Hong Kong Stock Connect (southbound) included Dongfang Electric (01072) with a net buy of 0.165 billion, Huaxin Cement (06655) with 0.313 billion, and Tencent Holdings (00700) with 0.271 billion [2] - In the Shenzhen-Hong Kong Stock Connect (southbound), SMIC (00981) had a net buy of 0.779 billion, while Meituan-W (03690) had a net sell of 0.050 billion [2]