Financial Performance - The fund achieved a realized income of approximately 4.19 million yuan but reported a loss of about 0.39 million yuan due to fair value changes impacting overall profit negatively [1] - The net asset value at the end of the reporting period was approximately 80.74 million yuan, with a net asset value per share of 1.3810 yuan [1] Fund Net Value Performance - The fund's net value decreased by 4.27% in Q4, outperforming the benchmark by 0.16 percentage points [2] - Over the past three years, the fund's cumulative net value growth rate was 44.38%, significantly exceeding the benchmark by 8.87 percentage points [2] Investment Strategy and Operations - The fund follows a complete replication strategy tracking the CSI Hong Kong Stock Connect 50 Index, adapting to market fluctuations and investor redemptions [3] - The market environment in Q4 2025 was complex, influenced by international negotiations and domestic economic pressures, with the fund focusing on effective index tracking [3] Performance Metrics - The tracking deviation was +0.16%, primarily due to operational costs and adjustments in index constituents [4] - The fund maintained a tracking deviation within the contractually agreed limit of 0.2% [4] Macroeconomic and Market Outlook - The domestic economic transition highlights new productive forces as structural strengths, with a focus on maintaining a strong domestic market [5] - The Hong Kong market is influenced by both domestic economic fundamentals and international monetary policies, necessitating attention to demand recovery and geopolitical changes [5] Fund Asset Composition - Equity investments accounted for 94.82% of the fund's total assets, with cash and equivalents making up 4.92% [6][7] - The fund's asset allocation is highly concentrated in equities, aligning with the index tracking requirements [7] Industry Allocation - The financial sector represented 43.48% of the fund's investments, followed by non-essential consumer goods at 19.77%, indicating a high concentration in these sectors [8] Top Holdings - The top ten holdings accounted for 53.97% of the fund's net asset value, with HSBC Holdings and Tencent Holdings being the largest positions [9] - The concentration in top holdings suggests significant influence on the fund's net value fluctuations [9] Fund Share Changes - The fund experienced a net subscription of 2 million shares during the reporting period, reflecting increased market interest in the Hong Kong Stock Connect 50 Index [10]

统计显示，中证港股通50指数ETF今日合计成交额2.15亿元，环比上一交易日增加7190.89万元，环比增 幅为50.28%。 中证港股通50指数ETF1月14日成交额变动 | 基金代码 | 基金简称 | 今日涨跌幅 | 今日成交额 | 较上一交易日增加 | 环比增幅 | | --- | --- | --- | --- | --- | --- | | 513550 | 港股通50 | 0.42% | 1.51亿元 | 8558.55万元 | 131.16% | | 159126 | 南方中证港股通50ETF | 0.50% | 2486.63万元 | -17.24万元 | -0.69% | | 159711 | 华夏中证港股通50ETF | 0.85% | 686.79万元 | -520.08万元 | -43.09% | | 159712 | 国泰中证港股通50ETF | 0.92% | 3236.49万元 | -830.34万元 | -20.42% | （文章来源：证券时报网） 具体来看，港股通50（513550）今日成交额1.51亿元，较上一交易日增加8558.55万元，环比增幅为 131.16%。 从市 ...

从市场表现看，截至收盘，跟踪中证港股通50指数的相关ETF今日平均上涨1.34%，其中，涨幅居前的 有南方中证港股通50ETF（159126）、港股通50（513550）等，今日分别上涨1.42%、1.35%。（数据 宝） 中证港股通50指数ETF1月6日成交额变动 | 基金代码 | 基金简称 | 今日涨跌幅 | 今日成交额 | 较上一交易日增加 | 环比增幅 | | --- | --- | --- | --- | --- | --- | | 513550 | 港股通50 | 1.35% | 3.16亿元 | 1.57亿元 | 99.05% | | 159126 | 南方中证港股通50ETF | 1.42% | 1290.26万元 | -214.59万元 | -14.26% | | 159711 | 华夏中证港股通50ETF | 1.29% | 1201.81万元 | -262.70万元 | -17.94% | | 159712 | 国泰中证港股通50ETF | 1.31% | 5021.14万元 | -3626.81万元 | -41.94% | 具体来看，港股通50（513550）今日成交额3.16亿元，较 ...

（文章来源：证券时报网） 统计显示，中证港股通50指数ETF今日合计成交额6.19亿元，环比上一交易日增加5.09亿元，环比增幅 为463.57%。 从市场表现看，截至收盘，跟踪中证港股通50指数的相关ETF今日平均上涨2.77%，其中，涨幅居前的 有国泰中证港股通50ETF(159712)、华夏中证港股通50ETF(159711)等，今日分别上涨10.03%、1.08%。 今日跌幅居前的有南方中证港股通50ETF(159126)，下跌0.21%。（数据宝） 中证港股通50指数ETF12月24日成交额变动 | 基金代码 | 基金简称 | 今日涨跌幅 | 今日成交额 | 较上一交易日增加 | 环比增幅 | | --- | --- | --- | --- | --- | --- | | 159712 | 国泰中证港股通50ETF | 10.03% | 3.09亿元 | 2.94亿元 | 2015.72% | | 159711 | 华夏中证港股通50ETF | 1.08% | 1.84亿元 | 1.73亿元 | 1572.50% | | 513550 | 港股通50 | 0.17% | 1.03亿元 | 2577. ...

从市场表现看，截至收盘，跟踪中证港股通50指数的相关ETF今日平均上涨0.39%，其中，涨幅居前的 有国泰中证港股通50ETF（159712）、华夏中证港股通50ETF（159711）等，今日分别上涨0.86%、 0.51%。（数据宝） 中证港股通50指数ETF12月23日成交额变动 | 基金代码 | 基金简称 | 今日涨跌幅 | 今日成交额 | 较上一交易日增加 | 环比增幅 | | --- | --- | --- | --- | --- | --- | | 159712 | 国泰中证港股通50ETF | 0.86% | 1460.73万元 | 980.56万元 | 204.21% | | 513550 | 港股通50 | 0.00% | 7680.44万元 | 969.60万元 | 14.45% | | 159711 | 华夏中证港股通50ETF | 0.51% | 1097.50万元 | 671.99万元 | 157.93% | | 159126 | 南方中证港股通50ETF | 0.21% | 751.06万元 | -33.94万元 | -4.32% | 注：本文系新闻报道，不构成投资建议 统计显示， ...

从市场表现看，截至收盘，跟踪中证港股通50指数的相关ETF今日平均上涨0.82%，其中，涨幅居前的 有华夏中证港股通50ETF（159711）、港股通50（513550）等，今日分别上涨0.96%、0.88%。（数据 宝） 中证港股通50指数ETF12月17日成交额变动 | 基金代码 | 基金简称 | 今日涨跌幅 | 今日成交额 | 较上一交易日 增加 | 环比增幅 | | --- | --- | --- | --- | --- | --- | | 513550 | 港股通50 | 0.88% | 1.38亿元 | 3933.03万元 | 40.00% | | 159126 | 南方中证港股通50ETF | 0.73% | 1528.41万元 | 755.84万元 | 97.83% | | 159712 | 国泰中证港股通50ETF | 0.71% | 418.34万元 | 106.64万元 | 34.21% | | 159711 | 华夏中证港股通50ETF | 0.96% | 478.67万元 | 48.41万元 | 11.25% | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 统计显示 ...

Core Viewpoint - The trading volume of the CSI Hong Kong Stock Connect 50 Index ETF reached 213 million yuan today, marking a significant increase of 77.47% compared to the previous trading day [1] Trading Performance - The Hong Kong Stock Connect 50 ETF (513550) recorded a trading volume of 206 million yuan today, which is an increase of 109 million yuan, reflecting a growth rate of 111.99% from the previous day [1] - The average increase of ETFs tracking the CSI Hong Kong Stock Connect 50 Index was 0.67% at market close, with notable performers including the Guotai CSI Hong Kong Stock Connect 50 ETF (159712) and the Hong Kong Stock Connect 50 ETF (513550), which rose by 0.69% and 0.67% respectively [1] Individual Fund Performance - Fund code 513550 (Hong Kong Stock Connect 50) had a daily increase of 0.67%, with a trading volume of 206 million yuan, up by 109 million yuan, representing a 111.99% increase [1] - Fund code 159711 (Huaxia CSI Hong Kong Stock Connect 50 ETF) saw a decrease of 0.64%, with a trading volume of 400.92 thousand yuan, down by 594.88 thousand yuan, indicating a decline of 59.74% [1] - Fund code 159712 (Guotai CSI Hong Kong Stock Connect 50 ETF) experienced a rise of 0.69%, with a trading volume of 302.60 thousand yuan, down by 984.52 thousand yuan, reflecting a decrease of 76.49% [1]

Core Points - The total trading volume of the CSI Hong Kong Stock Connect 50 Index ETF reached 200 million yuan today, an increase of 102 million yuan from the previous trading day, representing a growth rate of 104.93% [1] Trading Volume Summary - The Hong Kong Stock Connect 50 ETF (513550) had a trading volume of 186 million yuan today, up by 91.7 million yuan from the previous trading day, with a growth rate of 97.12% [1] - The Guotai CSI Hong Kong Stock Connect 50 ETF (159712) recorded a trading volume of 10.01 million yuan, an increase of 8.7353 million yuan from the previous trading day, with a growth rate of 684.44% [1] - The Huaxia CSI Hong Kong Stock Connect 50 ETF (159711) had a trading volume of 3.6189 million yuan, up by 1.8436 million yuan from the previous trading day, with a growth rate of 103.84% [1] Market Performance Summary - As of market close, the average increase of ETFs tracking the CSI Hong Kong Stock Connect 50 Index was 1.63%, with notable increases from the Guotai CSI Hong Kong Stock Connect 50 ETF (159712) and Huaxia CSI Hong Kong Stock Connect 50 ETF (159711), which rose by 1.75% and 1.63% respectively [1]

Core Insights - The total trading volume of the CSI Hong Kong Stock Connect 50 Index ETF reached 132 million yuan today, representing a week-on-week increase of 93.53% [2] Trading Volume Summary - The trading volume of the Hong Kong Stock Connect 50 ETF (513550) was 115 million yuan, an increase of 56.39 million yuan from the previous trading day, with a week-on-week growth of 97.04% [2] - The trading volume of the Huaxia CSI Hong Kong Stock Connect 50 ETF (159711) was 9.85 million yuan, an increase of 6.11 million yuan from the previous trading day, with a week-on-week growth of 163.43% [2] - The trading volume of the Guotai CSI Hong Kong Stock Connect 50 ETF (159712) was 8.03 million yuan, an increase of 1.48 million yuan from the previous trading day, with a week-on-week growth of 22.55% [2] Market Performance Summary - As of market close, the average increase of ETFs tracking the CSI Hong Kong Stock Connect 50 Index was 2.15%, with the Guotai CSI Hong Kong Stock Connect 50 ETF (159712) and the Hong Kong Stock Connect 50 ETF (513550) leading with increases of 2.31% and 2.29% respectively [2]

Core Viewpoint - The trading volume of the CSI Hong Kong Stock Connect 50 Index ETF reached 108 million yuan today, showing a significant increase of 25.5 million yuan or 30.37% compared to the previous trading day [1] Trading Volume Summary - The trading volume for the Guotai CSI Hong Kong Stock Connect 50 ETF (159712) was 24.2 million yuan, an increase of 10.1 million yuan or 71.72% from the previous day [1] - The trading volume for the Hong Kong Stock Connect 50 (513550) was 69.7 million yuan, an increase of 8.6 million yuan or 14.11% from the previous day [1] - The trading volume for the Huaxia CSI Hong Kong Stock Connect 50 ETF (159711) was 14.4 million yuan, an increase of 6.5 million yuan or 82.60% from the previous day [1] Market Performance Summary - The average increase for ETFs tracking the CSI Hong Kong Stock Connect 50 Index was 1.01% at market close, with notable gains from Guotai CSI Hong Kong Stock Connect 50 ETF (159712) and Hong Kong Stock Connect 50 (513550), which rose by 1.26% and 0.92% respectively [1]