今日（9月30日）上午，宁德时代A股总市值盘中再超贵州茅台。截至发稿，宁德时代总市值达18184亿 元，贵州茅台总市值达18090亿元。此前，9月25日盘中，宁德时代市值首次超越贵州茅台，创造了历史 性时刻。 市场分析人士表示，宁德时代总市值"稳超"贵州茅台或只是时间问题，A股市场"科技牛"信号已显现。 资本市场投资者用"真金白银"投票，正映射出中国产业经济的转型轨迹，"科技牛"的崛起已势不可挡。 中银证券认为，当前A股市场正呈现"科技结构性牛市"，未来可能转入"全面牛"。这一判断基于科技产 业的强劲趋势和市场资金的重新配置。 业内人士指出，从中长期看，中国正经历新旧动能转换，科技创新和高端制造业将成为政策鼓励方向， AI、创新药等新兴产业有望形成"新叙事"，推动具备科技属性的宽基指数持续受益。 盘面上，今日（9月30日）覆盖创业板+科创板高成长龙头的硬科技宽基——双创龙头ETF（588330）场 内价格盘中涨超1.3%，现涨0.11%，上探2021年8月以来的高点。上交所数据显示，双创龙头ETF （588330）近2日连续吸金，合计金额3914万元，或有资金逐步介入！ 成份股方面，江波龙盘中20CM涨停，现 ...

Group 1 - The core point of the article is that NIO has successfully passed the Hong Kong Stock Exchange listing hearing and is set to initiate the H-share listing process, indicating a trend of high-quality companies opting for listings in Hong Kong [1] - The Hong Kong government is actively facilitating the listing of technology and biotech companies by launching a "Tech Company Fast Track," which is expected to attract more quality companies to the Hong Kong market [1][5] - The rapid completion of the listing hearing by NIO, taking only about 2.5 months compared to the typical 3-6 months for mainland companies, highlights the efficiency of the Hong Kong listing process [1] Group 2 - The Hong Kong Technology Index has shown a significantly better performance compared to the Hang Seng Technology Index since 2025, likely due to its higher exposure to sectors like new energy vehicles and pharmaceuticals [3] - The introduction of the "Tech Company Fast Track" is expected to enhance the comprehensiveness of the Hong Kong Technology Index, making it more attractive for investors [5] Group 3 - NIO's decision to list in H-shares is driven by the benefits of globalizing its equity structure, as it allows for easier access to foreign capital and currency flexibility [6] - The projected net profit for NIO in 2024 is over 50 billion, with a dividend payout of over 38 billion, indicating a high dividend payout ratio of over 70% [6] - The potential for H-shares to be priced at a 15-20% discount compared to A-shares could attract long-term foreign investment, leading to increased capital inflows into the Hong Kong market [6] Group 4 - In April of this year, net inflows from southbound funds into Hong Kong stocks reached 166.7 billion HKD, marking the largest monthly net inflow since January 2021 [8] - The Hong Kong Technology 50 ETF has seen a significant increase in trading volume, with a 301% rise in shares since the beginning of the year, indicating strong investor interest [8] - The Hong Kong Technology 50 ETF covers major Chinese technology companies and has a high concentration in sectors such as new energy vehicles and medical devices, which are expected to benefit from the trend of A+H listings [8]