Core Viewpoint - The Hong Kong automotive sector is expected to show structural support in Q4, with strong growth in the new economy positively impacting the fundamentals [1] Industry Summary - The automotive industry in Hong Kong is benefiting from a robust economic environment, with expectations of three interest rate cuts totaling 75 basis points next year, which may further enhance liquidity and support industry performance [1] - The Hong Kong Automotive ETF (520720) tracks the Hong Kong Stock Connect Automotive Index (931239), which includes listed companies involved in vehicle manufacturing, components, and emerging fields like smart driving, reflecting the overall performance of the automotive sector [1] - The index has a high research and development investment and growth characteristics, with the vehicle manufacturing segment accounting for over 60% of its weight, indicating strong market elasticity and international features [1] Company Summary - Geely Automobile has announced a share repurchase plan worth HKD 2.3 billion, demonstrating confidence in its long-term development [1] - The company maintains an optimistic view on trade tensions, believing that the US-China competition is a long-term trend where both sides will negotiate rather than escalate conflicts, with tariffs serving as negotiation tools [1] Investment Tool Summary - The Hong Kong Automotive ETF (520720) can be traded directly through A-share accounts without the need for a Hong Kong Stock Connect account, addressing the investment tool gap for ordinary investors [1]