对于普通投资者而言，直接投资港股汽车个股面临多重门槛：一是需开通港股通权限（满足前20个交易 日日均资产 50 万元等条件）；二是单只港股个股股价较高（如比亚迪股份港股股价常处于百元区 间）；三是难以实现对全产业链的分散配置。而香港汽车ETF通过 "一篮子股票" 模式，将投资门槛降 至1元左右（以每份基金单位净值计算），且上市后可通过A股账户直接交易，无需开通港股通权限， 完美解决了普通投资者缺少投资工具的痛点。该ETF于2025年9月25日上市后可通过A股账户直接交易， 无需开通港股通权限。 香港汽车ETF（520720）聚焦"新势力+智驾"稀缺赛道，纯港股成分、结构均衡，兼具高成长与高弹 性；在风险偏好回升与南向资金加持、政策与流动性改善背景下，有望更高效捕捉港股汽车与智驾反弹 红利，是A股账户一键布局港股汽车的便捷工具。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品 ...

Group 1 - The Hong Kong Automotive ETF (520720) saw an increase of over 2.6% on its listing day [1] - The Ministry of Industry and Information Technology is soliciting opinions on standards for intelligent connected vehicles, establishing a safety baseline for these products [1] - The global market for intelligent automotive components is expected to exceed $100 billion this year, with China accounting for at least $50 billion [1] Group 2 - The Hong Kong Automotive ETF lowers investment barriers for ordinary investors, allowing access with a minimum investment of around 1 yuan [2] - The ETF focuses on the "new forces + intelligent driving" sector, featuring a balanced structure of pure Hong Kong stocks, which offers high growth and elasticity [2] - The ETF is positioned to efficiently capture the rebound benefits of Hong Kong automotive and intelligent driving sectors amid improving policies and liquidity [2]

Core Insights - The Hong Kong Automotive ETF (520720) was launched on September 25, focusing on the "new forces + intelligent driving" niche market, which is characterized by high growth opportunities [1][2] - The ETF tracks the CSI Hong Kong Stock Connect Automotive Industry Theme Index, which has significantly outperformed major automotive indices during the market rebound from September 24 last year to August 20 this year [1] - The ETF provides a solution for ordinary investors facing barriers to direct investment in Hong Kong automotive stocks, such as high individual stock prices and the need for a Hong Kong Stock Connect account [1] Investment Accessibility - The Hong Kong Automotive ETF allows investment with a minimum threshold of around 1 yuan per unit, making it accessible compared to individual stocks like BYD, which often trade above 100 HKD [1] - The ETF can be traded directly through A-share accounts without the need for a Hong Kong Stock Connect account, addressing the pain points of ordinary investors lacking investment tools [1] Market Context - The ETF is positioned to efficiently capture the rebound benefits of the Hong Kong automotive and intelligent driving sectors amid improving policies, liquidity, and increased southbound capital flows [2] - It features a pure Hong Kong stock composition and a balanced structure, combining high growth potential with high elasticity [2]