智通财经6月24日电，港股盘初拉升，恒生指数现涨1.2%，恒生科技指数现涨1.5%。 ...

Group 1 - The core viewpoint is that the Hong Kong dividend low volatility ETF (520550) has seen significant capital inflows, with a 169% increase in size year-to-date, reaching a historical high as of June 20 [1] - The ETF features the lowest market fee rate (comprehensive fee rate of 0.2%), enhancing cost efficiency for investors, and its monthly dividend mechanism and T+0 trading characteristics further improve capital efficiency [2] - The ETF's holdings are structured to provide a safety net through mature sectors like finance and energy, while implementing a 5% weight cap on individual stocks to mitigate risks and avoid "dividend yield traps" [2] Group 2 - Recent observations indicate a contraction in the Hong Kong growth stock market, with a decline in interest for sectors like robotics and AI, suggesting a potential decrease in market risk appetite [3] - The second half of the year is expected to be a pivotal phase for insurance companies regarding OCI allocation and accounting standard shifts, which may lead to a preference for high dividend stocks in both A-shares and Hong Kong stocks [3] - The issuance of the off-market fund linked to the ETF is timely, providing investors with new options for long-term investments in quality Hong Kong dividend assets without the need for a securities account [2]

从中华港股通优选50指数持仓样本的行业来看，金融占比39.95%、可选消费占比24.30%、通信服务占 比16.07%、信息技术占比8.78%、能源占比3.88%、房地产占比3.27%、公用事业占比1.70%、主要消费 占比0.89%、工业占比0.81%、医药卫生占比0.35%。 本文源自：金融界 作者：行情君 数据统计显示，中华港股通优选50指数近一个月下跌1.18%，近三个月下跌3.74%，年至今上涨 17.56%。 据了解，"中华港股通优选50指数由中华证券交易服务有限公司(中华交易服务)委托中证指数有限公司 (中证指数)进行编制，指数编制方案由中华交易服务以及中证指数共同确定。中华港股通优选50指数(中 华港股通优选50)为证券价格指数，旨在反映"港股通"内证券，于香港联合交易所上市市值首五十名蓝 筹证券之整体表现。"该指数以2011年12月30日为基日，以2000.0点为基点。 从指数持仓来看，中华港股通优选50指数十大权重分别为：汇丰控股（9.97%）、腾讯控股 （9.91%）、阿里巴巴-W（9.62%）、小米集团-W（6.88%）、建设银行（6.48%）、美团-W （5.54%）、友邦保险（5. ...

创50ETF工银（159370.SZ）最新份额规模达2.28亿份。该产品紧密跟踪创业板50指数，创业板50指数由创业板市场中日均成交额较大的50只股票组成，反映 了创业板市场内知名度高、市值规模大、流动性好的企业的整体表现。。指数权重股包括宁德时代、东方财富、迈瑞医疗、汇川技术、中际旭创、新易盛、 阳光电源、胜宏科技、亿纬锂能、爱尔眼科等公司。 目前，创业板50指数最新市盈率（PE-TTM）为29.61倍，估值低于近3年44.12%以上的时间。 截至2025年6月23日，上证指数收涨0.65%，报3381.58点；深证成指收涨0.43%，报10048.39点；创业板指收涨0.39%，报2017.63点；两市总成交额1.12万亿 元，连续18日超万亿；北向资金当日买卖持平。 行业热度看，地面兵装表现亮眼，当日大涨3.81%；能源金属、动物保健紧随其后，分别上涨3.54%、3.28%。 截至今日收盘，全市场共计986只非货ETF上涨，上涨比例达到85%。中证金融科技主题指数上涨4.34%，金融科技ETF华夏、金融科技ETF、金融科技 ETF，分别上涨4.64%、4.49%、4.20%；国证港股通创新药指数上涨2. ...

港股市场策略周报 2025.6.16-2025.6.22 | 分析师： | 沈凡超 | | --- | --- | | 中央编号： | BTT231 | | 联系电话： | 852-4623 5564 | | 邮箱： | hector@cnzsqh.hk | 1 港股市场策略周报 - 投资要点 l 港股市场表现回顾： 2 n 本周地缘冲突升级，叠加港元汇率接近弱方保证，短期资金面预期承压，本周港股市场明显回调。恒生综指/恒生指 数/恒生科技分别-1.70%/-1.52%/-2.03%。本周市场一级行业板块多数收跌，仅资讯科技业微涨。本周医疗保 健业引来大幅回调，周跌幅接近8%，跌幅排在第一。 n 截至本周末，恒生综指的5年PE（TTM）估值分位点升至72%，估值水平超5年均值。 l 港股市场宏观环境： n 基本面：5月经济活动数据继续走弱，其中消费表现虽超预期，但主要得益于购物节错位叠加补贴，持续性存疑。 n 资金面：美联储6月议息会议维持基准利率不变符合预期，但传达的信息整体偏鹰，强调关税对美国通胀的影响。 l 港股市场展望： n 基本面：5月国内经济数据显示经济仍在缓慢走弱；政策面：政策组合加力应对内需走 ...

Group 1: Top Net Buy/Sell Companies - The top net buy company is China Construction Bank (0939.HK) with a net buy amount of 34.80 billion CNY, increasing holdings by 450,164,470 shares[8] - Meituan-W (3690.HK) ranks second with a net buy of 24.87 billion CNY, with 19,338,868 shares added[8] - Tencent Holdings (0700.HK) is the top net sell company, with a net sell amount of -48.10 billion CNY, reducing holdings by 9,515,111 shares[9] Group 2: Industry Distribution of Net Buy/Sell - Financial sector shows significant net buying, led by China Construction Bank and China Life Insurance, indicating strong investor confidence in financial stocks[8][9] - The technology sector, represented by Tencent and Xiaomi, experienced substantial net selling, reflecting potential investor concerns about growth prospects in this industry[9] - The consumer discretionary sector, including Meituan and BYD, also saw mixed results with both net buying and selling activities, suggesting varied investor sentiment[8][9] Group 3: Active Stocks - The most active stock in the Shanghai-Hong Kong Stock Connect is Pop Mart (9992.HK) with a total trading volume of 40.19 billion CNY and a net sell of -6.40 billion CNY[18] - In the Shenzhen-Hong Kong Stock Connect, Meituan (3690.HK) had a trading volume of 34.09 billion CNY with a net sell of -4.31 billion CNY[19] - The trading activity indicates high volatility in these stocks, with significant fluctuations in net buying and selling over the week[18][19]

消息面上，央国企并购重组提速，近日，两大船舶央企——中国船舶工业股份有限公司与中国船舶重工 股份有限公司的合并取得实质性进展。根据中国船舶稍早之前披露的信息，此次双方合并，中国船舶为 吸收合并方，中国重工（维权）为被吸收合并方。中国船舶将以向中国重工全体换股股东发行A股股票 的方式换股吸收合并中国重工。从今年年初开始，淮河能源集团、国家电投集团、华电国际、上海电力 等多家能源电力国企央企纷纷启动重大资产重组，推动国有资本向能源安全核心领域、新型电力及新能 源前瞻性领域等关键领域集中。 东吴证券指出，近年国内利率中枢持续下行，国内各类资产的投资回报率预期也整体走弱，当前相比 A 股，港股红利的股息率更具吸引力。港股恒生高股息指数的股息率达 8.1%，中证红利指数股息率为 5.8%。即使扣除 20%的分红税，港股红利资产经税后的实际收益水平仍显著优于 A 股同类资产。 截至2025年6月23日 13:15，恒生央企ETF(513170)上涨0.89%，最新价报1.35元。截至6月20日，恒生央 企ETF近1年净值上涨18.78%。 流动性方面，恒生央企ETF盘中换手1.61%，成交848.99万元。拉长时间看，截 ...

Group 1 - The Hang Seng Index closed down 0.13%, while the Hang Seng Tech Index remained flat [1] - The oil and gas sector and semiconductors led the gains, with Shandong Molong (002490) rising over 6% and Huahong Semiconductor increasing over 7% [1] - Sanhua Intelligent Control (002050) experienced a decline of over 2% on its first day of trading in Hong Kong [1]

恒生科技指数转涨，恒指接近转涨，此前均跌超1%。华虹半导体涨超6%，中芯国际涨超5%。 ...

Group 1 - The core viewpoint is that the Hong Kong stock market is experiencing renewed vitality, with significant inflows into thematic ETFs and an increase in public fund layouts targeting specific investment opportunities [1][4]. - Since June 10, over 10.3 billion yuan has been net subscribed to Hong Kong thematic ETFs, with major inflows into sectors like innovative pharmaceuticals, technology, and dividends [2]. - Several ETFs have reached historical highs in terms of shares, with notable increases in fund sizes compared to the end of last year, indicating strong investor interest [2]. Group 2 - Long-term capital is increasingly evident in newly established Hong Kong thematic ETFs, with significant holdings from pension products and insurance funds [3]. - The pace of insurance capital involvement has accelerated, with 16 instances of capital injection noted by the end of May, suggesting a shift towards a more rational and long-term investment approach in the Hong Kong market [3]. - Public funds are intensifying their focus on the Hong Kong market, with multiple new thematic index funds being launched, indicating a growing interest in this investment landscape [4]. Group 3 - The Hong Kong stock market is perceived as having relatively low valuations compared to other major global markets, making it an attractive investment destination [5]. - Emerging consumer trends driven by demographic changes and evolving consumption patterns are expected to create core battlegrounds in sectors like emotional consumption, cost-effective products, and domestic brands going global [5]. - The innovative pharmaceutical sector is undergoing a systematic revaluation, while advancements in artificial intelligence are revitalizing the technology sector in Hong Kong [5].