东吴证券指出，产业层面，AI应用预计将加速落地，半导体行业开启全面涨价潮。南向资金净流入行 业主题包括TMT、科技制造，港股通净流入资讯科技业。如果市场出现回调，港股整体配置维持哑铃 策略，动态关注市场进攻方向，即AI科技。全球AI科技龙头财报在即，如果美股AI科技回调，港股AI 科技股也会受到影响。展望认为，港股仍在震荡向上的大趋势中，但短期市场仍面临考验。 港股通科技指数相比恒生科技指数超配新能源车、创新药等行业，从业绩表现来看，从2014年底基日开 始至2025年底，港股通科技指数累计收益224.25%，相对恒生科技指数（83.87%）超额超140%，长期跑 赢恒生科技指数、沪港深互联网指数、恒生互联网科技业指数、恒生医疗保健指数等同类指数。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成 投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品 要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 港股科技ETF（ ...

Group 1 - The core viewpoint indicates that AI applications are expected to accelerate in implementation, leading to a comprehensive price increase in the semiconductor industry [1] - Southbound capital inflows are focused on themes such as TMT (Technology, Media, and Telecommunications) and technology manufacturing, with net inflows into the information technology sector via the Hong Kong Stock Connect [1] - The Hong Kong stock market is anticipated to maintain a "barbell strategy" in overall allocation, dynamically focusing on AI technology as the market may face short-term tests despite a general upward trend [1] Group 2 - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which encompasses core assets in sectors like Internet, innovative pharmaceuticals, and new energy vehicles, reflecting the diversified characteristics of the technology industry [1] - The Hong Kong Stock Connect Technology Index has outperformed the Hang Seng Technology Index, with a cumulative return of 224.25% from the base date at the end of 2014 to the end of 2025, exceeding the Hang Seng Technology Index's return of 83.87% by over 140% [1]

Core Viewpoint - The Hong Kong stock market is experiencing a significant upward trend, with major indices rising over 2%, driven by a "technology + dividend" strategy through the Hong Kong Large Cap 30 ETF [1][2] Group 1: Market Performance - The Hong Kong Large Cap 30 ETF (520560) saw an intraday increase of 2.54%, currently up 2.33%, indicating a strong market momentum [1] - Leading stocks include Pop Mart with over 6% gain, China Petroleum over 5%, and several others like China National Offshore Oil, Li Auto, and SMIC rising over 4% [1] Group 2: Analyst Insights - Analyst Zhang Yidong suggests that the current phase of the Hong Kong stock market may lead to a long-term bull market, with technology remaining a key focus [2] - Fund manager Cao Xucheng notes that while the Hong Kong market may disappoint in Q4 2025, it could perform well in 2026 due to potential capital inflow from A-shares [2] Group 3: Future Outlook - CITIC Securities anticipates that the Hong Kong market will benefit from domestic "14th Five-Year Plan" initiatives and external economic policies promoting fiscal and monetary easing [2] - The presence of a complete AI industry chain in Hong Kong, along with the influx of quality A-share companies listing in Hong Kong, is expected to enhance market liquidity and drive valuation recovery [2] Group 4: ETF Strategy - The Hong Kong Large Cap 30 ETF employs a "technology + dividend" strategy, featuring a mix of high-growth tech stocks like Alibaba and Tencent, alongside stable dividend-paying stocks such as China Construction Bank and Ping An [3] - This ETF supports "T+0" intraday trading, making it a flexible tool for long-term investment in the Hong Kong market [3] Group 5: Index Composition - The index composition of the Hong Kong Large Cap 30 ETF is slightly more technology-focused compared to the Hang Seng Index, which may explain its superior performance over the past five years [4]

风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成 投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品 要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 1月27日，港股通50ETF（159712）盘中涨超1.5%，跨境资金回流有望支撑市场。 天风证券指出，当前市场风险偏好波动、外部不确定性加剧的环境下，在港股市场配置层面，建议价值 为主、成长为辅，重点关注具备估值约束相对较小、现金流与分红稳定特征的板块，以在不确定性环境 中提升组合的稳定性与防御属性。 港股通50ETF（159712）跟踪的是港股通50指数（930931），该指数从通过港股通机制可交易的上市公 司中选取市值最大的50家作为指数样本，侧重金融、非必需性消费及资讯科技等行业。指数样本结合了 高成长性和低估值特性，以反映大市值港股的整体表现。成分证券以流动性高的行业龙头为主，兼具新 经济与传统经济领域的代表性。 每日经济新闻 ...

Group 1 - The unique attractiveness of Hong Kong as an investment destination for global companies continues to increase, with the number of companies based in Hong Kong expected to reach 11,070 by 2025, marking a historical high [1] - The number of companies in Hong Kong increased by 1,110 compared to 2024, representing an 11% year-on-year growth, with employment reaching 509,000, a 3% increase [1] - Mainland China accounts for the largest number of companies in Hong Kong, totaling 3,090, with the highest concentration in import-export trade, wholesale and retail (5,100 companies), followed by financial and banking services (2,390 companies) and professional, commercial, and educational services (1,770 companies) [1] Group 2 - The significant growth in the number of companies in Hong Kong, especially from various global regions, reflects the strong confidence of international and mainland enterprises in Hong Kong's business environment [2] - The Hong Kong government is enhancing competitiveness through measures such as establishing a task force for mainland enterprises, implementing targeted incentive policies, accelerating the development of the Northern Metropolis, and expanding overseas trade offices [2] - Future efforts will focus on aligning with national development strategies, assisting mainland enterprises in expanding into international markets through Hong Kong, and attracting more high-potential companies to further solidify Hong Kong's position as a key international business and investment hub [2]

风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成 投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品 要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 1月23日，港股通50ETF（159712）涨超1.2%，港股盈利增速或迎修复。 港股通50ETF（159712）跟踪的是港股通50指数（930931），该指数从港股通范围内选取市值最大的50 家上市公司证券作为指数样本，覆盖新经济与传统经济领域，行业配置上侧重金融、非必需性消费及资 讯科技等，以反映兼具高成长性和低估值特性的港股通核心上市公司证券的整体表现。 平安证券指出，港股盈利增速预计于2026年上半年步入修复通道，结构上，互联网平台竞争趋缓，一季 度起非必需性消费盈利拖累明显减轻；资讯科技、医疗保健盈利增速维持较高水平，年内前低后高。此 外，上半年材料、地产建筑行业盈利增速水平较高。AI应用商业化进程加快，港股科技板块估值性价 比突出。 ...

来源：新浪港股-好仓工作室 点击查看公告原文>> 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 2025年12月30日，數科集團控股（股份代號：2350）公告称，通过一般授权以配售新股方式融资，其中 配售新股份125,000,000股（约1.3亿股），募集8750万港元。 配售價0.70港元較前一交易日收市价0.87港元折让约19.5%，較前五个交易日平均收市价0.64港元溢价约 9.7%。配售股份占现有已发行股本约20%，完成后占扩大股本约16.7%。 數科集團控股是一家投資控股公司，主要從事提供資訊科技(IT)解決方案，包括IT統一通訊、網絡基建 設施、系統集成及數據中心以及安全解決方案之軟件及硬件分銷等業務。所得款项將用於收購香港慧浪 科 ...

作者：阿飞 在2025年全球的IPO市场中，港交所是绝对的"王者"。 今年港股的IPO有多火？根据Wind资讯的统计数据，截至12月18日，港股市场年内共有102家企业完成上市，抛开周末、节假日等非交易日，几乎每两天就 有一只新股完成发行。 至此，2025年港交所IPO募资总额已达2700.86亿港元，时隔4年重回2000亿港元大关，预计全年募资额将超过2800亿港元。 而这一数字也让港交所以绝对优势登顶全球证券交易所募资榜首，远超纽约证券交易所的205亿美元（约合1600亿港元）。全球十大IPO项目中港交所独占4 席，成为全球大型新股的集聚地。 锣声密集到"不够用"，投行人士忙得"没有休息日"，连港交所行政总裁都笑称在海外路演时"饭都吃不上一口"，而这已成为今年港股IPO市场的常态。 政策技术双轮驱动 港股IPO强势回归 香港本地监管层面也在积极优化上市环境。今年5月，香港证监会与港交所联合推出"科企专线"，为特专科技公司及生物科技公司提供保密递交上市申请和 一对一咨询服务。 港股上市审批流程同步优化，监管评估周期缩短至30个工作日内，显著提升了上市效率。 从行业结构来看，科技与企业成为驱动港股IPO市场的 ...

Core Viewpoint - The company Jiu Fu Lai plans to issue up to 234 million shares at a subscription price of HKD 1.23 per share, representing a discount of approximately 32.4% compared to the last trading day's closing price of HKD 1.82 [1] Group 1 - The net proceeds from the rights issue are expected to be no more than HKD 281 million [1] - The funds will be utilized to enhance existing IT infrastructure through AI-integrated solutions, restructure major data centers in China to expand data capacity, and redevelop certain software-as-a-service products for service diversification [1]

格隆汇12月23日丨九福来(08611.HK)公告，公司建议(其中包括)透过供股方式按于记录日期每持有两(2) 股股份获发一(1)股供股股份基准，以每股供股股份认购价1.23港元发行最多234,000,000股供股股份(假 设于记录日期或前并无发行或购回新股份)，筹集所得款项总额最多约2.88亿港元(扣除开支前)(假设供 股获悉数认购)。公司拟将供股所得款项用于透过人工智能综合解决方案以提升其现有资讯科技基础设 施，重整其于中国主要数据中心以扩大数据容量，以及重新开发若干软件即服务产品以使其服务范畴多 元化。 ...