Group 1 - Southbound capital is accelerating its inflow into Hong Kong stocks, with a record net inflow of 35.876 billion HKD on August 15, 2023, bringing the total net inflow for the year to 938.921 billion HKD, surpassing last year's total of 807.869 billion HKD [1] - The non-bank sector in Hong Kong stocks is showing excess return potential due to improved market liquidity and policy support, creating a favorable environment for valuation recovery and earnings growth [1] - The Hong Kong Stock Connect non-bank ETF (513750) has seen a strong increase of 1.52%, achieving a cumulative rebound of 64.81% since its year-to-date low on April 10, 2023, with a total net inflow of 14.066 billion HKD [1] Group 2 - China Ping An has recently increased its stake in China Pacific Insurance and China Life Insurance, marking the first instance of insurance capital acquiring insurance stocks since 2019, indicating a positive trend in the industry [2] - The Hong Kong Stock Connect non-bank ETF (513750) is the first and only ETF tracking the non-bank index, with over 60% of its composition in insurance stocks, and has reached a new high in scale at 17.841 billion HKD, with a year-to-date growth of 2161.21% [2] - The insurance sector's investment value is being recognized, as evidenced by the increase in insurance capital stock allocation, which rose by 250 billion HKD in Q2 2025, reflecting a stable growth trend in the insurance industry's total asset utilization [2]

Group 1 - The Hong Kong non-bank ETF (513750) has seen significant investor interest, with its latest scale surpassing 5 billion yuan, marking a historical high [1] - The ETF has recorded a net inflow of 715 million yuan over the past five trading days, with a single-day peak net inflow of 384 million yuan, indicating strong demand for the non-bank financial sector in Hong Kong [1] - The ETF tracks the CSI Hong Kong Stock Connect Non-Bank Financial Theme Index, which focuses on leading non-bank financial companies in Hong Kong, with a high weight of 63.1% in the insurance sector [1] Group 2 - The Hong Kong non-bank ETF (513750) is the first and only ETF tracking the CSI Hong Kong Stock Connect Non-Bank Financial Theme Index, benefiting from its rarity and strong return capabilities [2] - As of July 8, the ETF has achieved a one-year net value growth rate of 74.3%, ranking in the top 2 among 2402 passive index funds [2] - Major brokerage firms, such as China Merchants Securities, express optimism about the current allocation value of the Hong Kong non-bank sector, highlighting the positive impact of related policies on insurance companies and securities firms [2]