【导读】超500亿港元！南方东英恒生科技指数ETF规模再创新高 全球最大恒生科技ETF最新规模已超500亿港元，再创历史新高。 今年以来，南方东英恒生科技指数ETF资金净流入显著，叠加标的指数涨幅，年内规模增幅超过30%， 蝉联全球最大的恒生科技ETF。 展望后市，在业内机构看来，中国股票市场的整体估值仍处于历史较低区间，一旦形势趋于明朗，市场 有望进入震荡上行阶段。 超500亿港元 全球最大恒生科技ETF规模再创新高 今年，港股市场无疑是全球最受关注的市场之一，年内涨幅领跑全球。截至7月22日，恒生指数、恒生 科技指数累计涨幅均超过25%，仅次于韩国综合指数、越南MSCI，以及俄罗斯RTS。 港股市场显著的赚钱效应，使得大量资金涌入相关基金产品，尤其是ETF。 据彭博数据显示，截至2025年7月21日收市，南方东英恒生科技指数ETF规模突破500亿港元，刷新成立 五年来的最高纪录。 南方东英恒生科技指数ETF于2020年8月28日在香港上市，是全球首只恒生科技指数ETF。成立五年 来，其规模蝉联全球最大的恒生科技ETF。 该ETF也受到"北水"青睐，截至今年6月30日，其在"ETF通"南向通ETF的持仓规模 ...

Group 1: Market Liquidity and ETP Growth - The liquidity in the Hong Kong stock market has significantly improved, with the average daily trading amount reaching HKD 240.2 billion in the first half of 2025, a 118% increase from HKD 110.4 billion in the same period last year [1] - There are currently over 210 Exchange Traded Products (ETPs) listed in Hong Kong, with total managed assets nearing HKD 510 billion, reflecting a 30% increase since 2020 [1] - The daily trading volume of ETPs has increased fivefold to approximately HKD 40 billion, indicating a strong growth in this segment [1] Group 2: IPO Activity and Market Sentiment - The Hong Kong stock market has seen a positive trend, with the Hang Seng Index rising 20% in the first half of 2025, marking the largest increase for this period historically [2] - There were 44 new listings in the first half of 2025, a 47% increase from 30 in the same period last year, with total IPO fundraising amounting to HKD 107.1 billion, up 699% from HKD 13.4 billion [2] - The total fundraising amount in the first half of 2025 reached HKD 280.8 billion, a 322% increase from HKD 66.5 billion in the previous year [2] Group 3: Factors Driving IPO Market - The robust IPO market in Hong Kong is attributed to regulatory reforms by the China Securities Regulatory Commission and the Hong Kong Stock Exchange, which have facilitated easier access for companies to list [3] - Key sectors such as technology, healthcare, consumer goods, and green economy have shown strong performance, boosting investor confidence [3] Group 4: ETP Market Innovations - The ETP market in Hong Kong has been innovative, with products linked to various asset classes including stocks, fixed income, commodities, currencies, and digital assets [3] - The share of ETP trading volume in the overall market has increased from less than 5% five years ago to approximately 17% in the first five months of this year [3] Group 5: ETF Developments - The Hong Kong ETF market has experienced significant inflows, with the Tracker Fund of Hong Kong seeing a net value increase of 1.18% and a single-day trading volume of HKD 12.5 billion [4] - The Hong Kong Stock Exchange is actively promoting the launch of various thematic ETFs, including those focused on innovative technology, climate change, renewable energy, and biotechnology [4]