人民财讯12月9日电，近日，对于明年港股的投资机会，中欧港股通机遇拟任基金经理付倍佳表示，明 年港股有盈利估值双击的机会。 从流动性角度，付倍佳看好明年美联储扩表，叠加美元周期向下，海外流动性对港股是积极影响；从基 本面角度，她期待明年国内迎来PPI拐点，部分资产有盈利上修机会。 ...

Core Viewpoint - The report from CITIC Securities indicates that the recent increase in M1 growth cannot be fully explained by the low base effect from "manual interest supplementation" and "debt reduction" factors, suggesting a more optimistic outlook for M1 growth due to real improvements in the liquidity of certain enterprises [1] Industry Analysis - The report highlights significant improvements in liquidity for industries such as electricity and heat production and supply, electrical machinery and equipment manufacturing, general equipment manufacturing, and automobile manufacturing, which may lead to a more optimistic outlook for the continued prosperity of these sectors [1] - The resilience of M1 growth further supports the likelihood that the PPI turning point has been confirmed, indicating a more favorable price transmission from upstream to downstream industries, particularly for those with significant improvements in liquidity [1]

Group 1 - Kanto Denka Kogyo Co., Ltd. announced an explosion and severe fire at its nitrogen trifluoride (NF3) production facility in Shibukawa, Gunma Prefecture, Japan, on August 7, resulting in partial damage to one production line and a continued halt in operations as per authorities' instructions [2] - Historical data indicates that the chemical sector tends to outperform the CSI 300 index around the Producer Price Index (PPI) turning points, suggesting that asset allocation plays a significant role in this performance [2] - The current situation is at a PPI monthly year-on-year turning point, but a return to positive year-on-year growth may take over six months, prompting a need to identify new main investment themes while increasing allocation to the chemical sector [2] Group 2 - As of July 31, 2025, the top ten weighted stocks in the CSI Sub-Industry Chemical Theme Index (000813) include Wanhua Chemical, Yilong Co., Ltd., Juhua Co., Ltd., and others, collectively accounting for 43.54% of the index [3] - The Chemical ETF (159870) closely tracks the CSI Sub-Industry Chemical Theme Index, which consists of seven sub-indices reflecting the overall performance of major listed companies in related sub-industries [3]