国庆长假后首个完整交易周，新基金发行热度高企。本周（ 10 月 13 日 —10 月 17 日） 5 个交易日中，共有 51 只新基金登场，面向 投资者公开发行。 31 只扎堆在周一发行 具体来看，周一（ 10 月 13 日）仍是新基金发行的重要一天，本周 51 只新发基金中 31 只扎堆在周一发行，占本周新基金的 60.78% ；周二无新基金启动募集，周三、周四和周五分别有 12 只、 4 只、 4 只基金开始认购。 从认购天数来看，本周新基金中，认购天数最长为 21 天，来自华夏上证 180ETF 联接。在其之后，招商中证 A50ETF 联接、申万菱信中 证 A500 红利低波动指数、中邮新锐量化选股等 9 只新基金的计划认购天数均为 19 天，苏新睿见量化选股和平安恒生指数增强紧随其 后，认购天数为 17 天。 整体来看， 51 只新基金平均认购天数为 12.59 天，较此前明显缩短。 业内认为，这或与近期市场行情及预期表现向好有关，新基金发行回暖信号频现，例如多只权益新基金扎堆提前结束募集。 本周新基金中，认购天数最短的是两只公募 REITs 产品 —— 中信建投沈阳国际软件园 REIT 与华夏中海商 ...

Group 1 - The banking sector is driven by both policy and valuation, presenting structural opportunities according to Jiang Hai Securities senior investment advisor Li Longshuan [1] - Liu Gang from Cool望 Fund believes that the short-term rebound in the banking sector lacks sustainability, indicating a phase of structural adjustment [1] - Huang Liang, a senior strategy analyst at招商基金, notes that the attractiveness of high dividend stocks has increased [1]

Core Viewpoint - The article highlights the increasing demand for investment in Hong Kong stocks, evidenced by record net inflows from mainland investors through the Stock Connect program, reaching 765.4 billion RMB as of July 25, 2024, surpassing the previous record of 744 billion RMB for the year [1]. Group 1: Investment Trends - The net inflow of funds into Hong Kong stocks has set a new historical high, indicating a strong and growing interest from investors [1]. - The proportion of Hong Kong stock assets in actively managed equity funds has been on the rise for six consecutive quarters, reaching 17.20% by the end of Q2 2025, compared to an average of 15.30% across all funds [4][6]. Group 2: Sector Allocation - The allocation to technology and internet sectors remains significant, with a 45.5% share in Q2 2025, although it has decreased from 49.9% in Q1 2025. The structure within this sector has seen some optimization, with a 3% decrease in the media sector and a 0.2% increase in the computer sector [6][7]. - The pharmaceutical and biotechnology sectors have emerged as the largest area of increased investment, with their share rising from 7.5% in Q1 to 13.7% in Q2 2025, marking a 6.2% increase [8]. - New consumption and high-dividend assets are forming a complementary allocation, with the light manufacturing sector and the financial sector seeing increases of 1.9% and 2.3%, respectively, in their market value proportions [9]. Group 3: Investment Opportunities for Retail Investors - The Hong Kong market features 163 A+H shares, representing only 6.15% of total listings, indicating a unique investment landscape compared to A-shares. The market offers distinct advantages in sectors like technology, internet, and innovative pharmaceuticals [10]. - Ordinary investors can access Hong Kong stocks through various means, including direct trading, ETFs, and mutual funds, with options available for different risk appetites and investment amounts [11][14].