Core Insights - The Hong Kong stock market's automotive sector saw an increase of 180 million shares held by insurance funds in Q3, alongside a net inflow of financing funds amounting to 24.88 billion yuan, resulting in a sector growth of 17.9% [1] - The automotive sector is positioned as a key beneficiary of policy and technological upgrades, making it a focal point for capital allocation as the market trend shifts towards balanced investment strategies [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 smart driving, reflecting the overall performance of the automotive industry [1] Fund and Index Characteristics - The automotive index is characterized by high R&D investment and growth potential, with the vehicle manufacturing segment accounting for over 60% of the index weight, indicating strong market elasticity and international characteristics [1] - The Hong Kong Automotive ETF (520720) can be traded directly through A-share accounts, addressing the challenge faced by ordinary investors in accessing investment tools without needing to open a Hong Kong Stock Connect account [1]