数据显示，截至2025年6月3日，恒生消费指数(HSCGSI)前十大权重股分别为泡泡玛特(09992)、安踏体 育(02020)、百胜中国(09987)、创科实业(00669)、携程集团-S(09961)、农夫山泉(09633)、万洲国际 (00288)、蒙牛乳业(02319)、海尔智家(06690)、申洲国际(02313)，前十大权重股合计占比59.23%。值得 一提的是，恒生消费指数(HSCGSI)也是泡泡玛特含量最高的指数！ Wind数据显示，截至6月4日收盘，泡泡玛特、蜜雪冰城、老铺黄金3家公司股价齐创新高，总市值合计 突破7300亿港元，被市场冠以"港股三朵金花"的称号。其中，截至收盘，泡泡玛特股价年内涨幅为 174.4%，市值超3300亿港元；蜜雪集团股价3个月涨幅达到134.9%，市值为2337亿港元；老铺黄金年内 涨幅高达324.2%，市值为1716亿港元。 摩根大通发布报告称，对中国IP产业的乐观前景更有信心，其中泡泡玛特为该行首选之一，评级"增 持"。其表示，虽然大多数企业尚未见到显著需求回升，但是因为价格亲民，以及创造实时的情感与社 交联结，IP商品仍是今年表现最佳的消费品类之一。 截至 ...

截至2025年5月26日 14:27，农夫山泉(09633)上涨4.92%，毛戈平(01318)上涨4.14%，维他奶国际(00345) 上涨3.41%；恒生消费第一大重仓股泡泡玛特(09992)维持涨势，早盘冲高涨超3%，午后涨幅收窄，现 涨近1%；恒生消费ETF(159699)多空胶着，盘中换手4.35%，成交5966.06万元。 恒生消费ETF(159699)T+0交易，场外联接(A类：020743；C类：020744)，一键布局港股新消费。 今年以来，南向资金净流入超6100亿元，推动港股新消费板块崛起，以泡泡玛特、老铺黄金、蜜雪集团 为代表的港股新消费代表公司表现尤为抢眼。以潮玩龙头泡泡玛特为例，Wind数据显示，2024年该公 司净利润增速达185%，海外业务营收同比增长375%。 湘财证券表示，消费板块在当前市场环境下展现出一定的投资价值。从宏观层面看，对等关税的缓和以 及国内宏观政策的逐步落地，为市场注入了积极信号，尤其在5月份国新办发布的货币政策中，强调了 对扩大消费的支持，表明政策层面对消费领域的重视。与此同时，6月份正值上市公司业绩披露的空窗 期，市场情绪相对平稳，有利于消费板块的估值修 ...

Core Viewpoint - The Hong Kong stock market is gradually stabilizing and rebounding as the impact of tariffs diminishes, with significant gains in major indices, particularly in technology and consumer sectors [1][2]. Group 1: Market Performance - As of April 23, the Hang Seng Technology Index rose by 2.84%, the Hang Seng Index by 2.11%, and the Hang Seng China Enterprises Index by 1.83% [1]. - Since March 20, the Hong Kong stock market has experienced continuous adjustments, but has begun to recover due to interventions from state-owned enterprises [2]. Group 2: Investment Opportunities - The Hong Kong stock market is seeing a growing proportion of technology and new consumer companies, which are expected to account for 54.5% of the total market capitalization by the end of 2024 [2]. - ETFs focusing on technology, consumption, and innovative pharmaceuticals are becoming popular among investors, providing efficient access to these sectors [1][3]. Group 3: Specific ETF Products - The Hong Kong Technology 50 ETF (513980) targets large-cap technology leaders with high R&D investment and revenue growth, including companies like Meituan and Tencent [2]. - The Hang Seng Consumption ETF (513970) focuses on essential and discretionary consumer goods, excluding alcohol and internet platforms, aiming to capture opportunities in consumer recovery [3]. - The Hong Kong Innovative Drug 50 ETF (513780) tracks leading companies in the innovative pharmaceutical sector, which is relatively scarce compared to the A-share market [3].