智通财经APP获悉，8月5日港股市场，北水成交净买入234.26亿港元，其中港股通(沪)成交净买入139.36 亿港元，港股通(深)成交净买入94.89亿港元。 北水净买入最多的个股是盈富基金(02800)、腾讯(00700)、南方恒生科技(03033)。北水净卖出最多的个 股是国泰君安国际(01788)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 盈富县金 | 62.97 亿 | 353.59万 | 63.00亿 | | HK 02800 | | | +62.93 Z | | 腾讯控股 | 17.35 乙 | 12.09 亿 | 29.44 Z | | HK 00700 | | | +5.26 乙 | | 英诺赛科 | 12.68 亿 | 10.35 亿 | 23.04 乙 | | HK 02577 | | | +2.33 Z | | 中芯国际 | 10.75亿 | 12.28 亿 | 23.03亿 | | HK 00981 | | | -1.53 亿 | | 国泰君安 ... | 10.87 亿 | 11.3 ...

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。 每日经济新闻 配置上，建议投资者关注景气改善、估值较低的方向。港股2025H1业绩将集中于8月中下旬发布，其中 新能源车和半导体的业绩预期分歧较大，隐含更高的弹性空间；而消费电子业绩预期虽分化较小，但景 气改善的确定性较强。而估值上，港股对A股依然处在估值合理范畴。且相对于估值分位较高的银行和 高息板块，恒生科技估值分位数仍在20%左右，科技、医药板块从长期看依然有较大的修复空间。综合 来看，科技重估有望驱动下一轮行情，建议投资者继续对港股科技ETF（513020）保持关注，把握结构 性行情中蕴含的机会。 港股科技ETF（代码：513020）跟踪的是港股通科技指数（代码：931573），该指数由中证指数有限公 司编制，从港股通范围内上市的科技行业公司中精选不超过50家优质企业作为成分股。该指数旨在全面 ...

7月31日港股市场，北水成交净买入131.26亿港元，其中港股通(沪)成交净买入76.04亿港元，港股通(深)成交净买入55.22亿港元。 北水净买入最多的个股是盈富基金(02800)、恒生中国企业(02828)、美团-W(03690)。北水净卖出最多的个股是老铺黄金(06181)、石药集团(01093)、山东墨 龙(00568)。 | 排名 | 股票代碼 | 名稱 | 買入金額 (HKD) | 賣出金額 (HKD) | | --- | --- | --- | --- | --- | | 1 | 03690 | 美團 - W | 2,622,274,620 | 1,426,324. | | 2 | 09988 | 阿里巴巴 - W | 2,221,660,110 | 1,568,114. | | 3 | 01810 | 小米集團 - W | 2,031,169,230 | 1,663,169. | | 4 | 00700 | 騰訊控股 | 1,770,165,250 | 1,673,517, | | 5 | 00981 | 中芯國際 | 1,549,775,325 | 1,651,186, | | ଚ | 0 ...

Group 1 - The core viewpoints presented in the strategy reports "Manufacturing Nation" and "Seeing the Dragon in the Field" highlight new trends and dynamics in the Chinese economy and industry, aiming to break the constraints on RMB assets [1][20] - The current macroeconomic environment is influenced by three main factors: external changes, internal trends, and policy shifts, which create uncertainties that complicate asset allocation strategies [1][20] - The U.S. political landscape is entering a new cycle, with the Trump administration implementing long-term strategies aimed at reshaping global distribution systems, which includes pressure on China and a push for "de-risking" [1][20] Group 2 - The report emphasizes the importance of "self-reliance and diligent governance," advocating for confidence and breaking free from the "Thucydides Trap" narrative, while promoting initiatives for global cooperation and development [2][21] - It argues that the negative perceptions of China's development model and innovation capabilities need to be addressed, as global investors are beginning to reassess their views on China's economic development and institutional advantages [2][21] - The need for high-quality development is highlighted as a response to external uncertainties, with a focus on expanding high-level openness and stabilizing employment and market expectations [3][22] Group 3 - Key areas of focus for the second half of the year include the peak of U.S. tariffs, the survival of the European economy, and the resilience of the Japanese economy, alongside China's ability to achieve its 5% growth target for 2025 [4][22] - The report suggests that macroeconomic policies should not only focus on past measures but also prioritize innovation, industrial upgrades, and environmental protection, ensuring that economic benefits are shared among the population [3][22] - The asset allocation strategy should be "defensive and offensive," with attention to low inflation, technological advancements, and the importance of domestic policy variables [23][24]