港股科技ETF（513020）跟踪的是港股通科技指数（931573），该指数聚焦于通过港股通机制可交易的 科技主题上市公司，覆盖信息技术、通讯服务及科技相关可选消费等TMT及互联网核心领域，旨在精 准反映中国科技产业上市公司证券的整体表现。指数成分股集中度高，严格排除医药、汽车、家电等非 核心科技行业，突出对科技产业链的纯正表征。 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。基金有风险，投资需谨慎。 12月4日，港股科技ETF（513020）收涨超1.4%。 华创证券指出，科技板块的引领作用持续显现，互联网权重资产配置价值突出。互联网Q3财报季收 官，整体叙事层面未见变化，但看好后续个股eps端修复（尤其是此前受竞争影响）及明年AI期权带来 的估值提升逻辑。配置方面，建议关注基本面稳健且受益于AI催化的标的，同时应用弹性方向如AI赋 能场景亦值得关注。巨头加速算力布局， ...

Core Viewpoint - Recent fluctuations in global stock indices, including the Hong Kong market, are influenced by changes in overseas macro expectations and cautious sentiment towards global risk assets, with a focus on the technology sector entering a phase of emotional digestion [1] Group 1: Market Trends - The Hang Seng Technology ETF (513010) and the Hong Kong Stock Connect Internet ETF (513040) have seen net inflows of 1.22 billion and 360 million respectively over the past five trading days [1] - The current market volatility is attributed to seasonal rebalancing of funds and rational calibration of macro expectations as the year-end approaches [1] Group 2: Future Outlook - As several core technology companies in Hong Kong are set to disclose their earnings next week, market focus is expected to shift from emotional speculation to industrial fundamentals and profit quality [1] - Earnings verification is anticipated to stabilize the market, with the valuation advantages of the technology sector becoming more apparent after digesting short-term uncertainties [1] Group 3: Index and Valuation - The Hang Seng Technology Index consists of the 30 largest stocks related to technology themes listed in Hong Kong, covering high-growth sectors such as the internet and AI [1] - Both the Hang Seng Technology Index and the China Securities Hong Kong Stock Connect Internet Index have rolling price-to-earnings ratios below 23 times, positioned at the 21% and 14% percentiles since their inception [1]

随着今年A股的持续走高，高价股队伍也在壮大。根据Wind统计，截至8月15日收盘，A股百元股达122 只，较去年底大增近七成。其中，百元股中只有6只为今年刚上市的新股。业内人士认为，对于百元股 应结合公司业绩、估值以及行业竞争力等综合分析。 百元股作为判定市场热度的信号之一，历来受到投资者关注。今年百元股数量随着市场走势经历了波 动：2月曾达100只以上，4月因市场大跌一度缩减至67只，随后逐步回升至7月超100只。总体来看，百 元股的家数与市场整体走势密切相关。 数据显示，去年底百元股只有72只。今年年内新进百元股46只。贵州茅台以1422.08元的股价稳居第 一，寒武纪以923.7元的股价排名第二，逼近千元关口；吉比特跃升至第三高价股，最新股价报411元。 不过，上述三只个股今年走势差异较大。贵州茅台今年以来下跌5%，寒武纪年内上涨四成，而吉比特 年内飙升九成。根据统计，今年下跌的百元股共有19只。其中，中科蓝讯下跌21%，古井贡酒下跌 12%。 从百元股分布情况来看，如果按照上市板块划分，科创板股票最多，达52只，占比近五成；其次为创业 板，达38只，而沪深主板则为28只。从上市时间来看，百元股中仅有6 ...