港股科技ETF（513020）跟踪的是港股通科技指数（931573），该指数从通过港股通交易的港股上市公 司中选取信息技术、电子零件及互动媒体等科技相关行业的证券作为指数样本，并精选市值最高的30只 成分股。该指数聚焦于TMT与互联网领域，以反映港股市场科技板块上市公司证券的整体表现，具有 较高的科技含量和成长性特征。 华宝证券指出，港股科技股走强。由于此前港股整体偏震荡，回撤压力较小，且市场消化前期外卖补贴 等不利影响，市场信心修复，互联网平台走强，港股科技周度大幅上涨。在产业趋势及业绩增长前景支 撑下成长风格弹性更大，表现仍然偏强，且预计10月重磅会议仍有政策催化。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 没有股票账户的投资者可关注国泰中证港股通科技ETF发起联接C（015740），国泰中证港股通科技 ETF发起联接A（015739）。 ...

Group 1 - The Hong Kong stock market is expected to continue its structural rise in the short term, supported by the progress of the US-China summit and the recovery of sentiment in the A-share market [1] - The technology sector in Hong Kong is highlighted as a promising area due to improving AI demand and a favorable liquidity environment, including a 25 basis point rate cut by the Federal Reserve [1] - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which selects securities from technology-related industries, focusing on the top 30 companies by market capitalization [1] Group 2 - Investors without stock accounts can consider the Cathay CSI Hong Kong Stock Connect Technology ETF Initiated Link C (015740) and Initiated Link A (015739) [1]

Group 1 - The Hong Kong Technology ETF (513020) has surpassed a scale of 4 billion yuan, with a year-to-date increase of over 55% and a net inflow of nearly 350 million yuan over the past 10 days, indicating strong demand for Hong Kong tech assets [1] - Huatai Securities noted positive developments in US-China relations and a stable domestic economic environment, with a relatively optimistic tone set during a recent call between the two countries' leaders [1] - The focus of technology companies has shifted back to growth, with significant increases in capital expenditure and R&D spending reflecting a return to innovation, which may enhance the valuation of tech firms and drive revenue growth in upstream sectors like computing power and cloud services [1] Group 2 - The Hong Kong stock market has gathered a number of core Chinese technology assets, referred to as the "Eastern Silicon Valley," with the Hong Kong Technology ETF (513020) representing a balanced investment value across various sectors including internet, new energy vehicles, chips, biomedicine, and innovative drugs [2] - Since 2018, the Hong Kong Technology Index has consistently outperformed the Hang Seng Technology Index and the Hong Kong Stock Connect Internet Index, suggesting ongoing investment opportunities in the Hong Kong Technology ETF (513020) [2] - Investors without stock accounts can consider the Cathay CSI Hong Kong Stock Connect Technology ETF Initiated Link A (015739) and Link C (015740) for exposure to this sector [2]

港股科技聚集了一批中国科技核心资产，被称为"东方硅谷"。港股科技ETF（513020）标的指数（中证 港股通科技指数）中既有年初爆火的互联网，也有新能源车、芯片、生物医药和创新药等，在行业分布 上更加均衡，代表了港股科技资产的整体投资价值。从2018年开始观测可以发现，港股通科技指数长期 跑赢恒生科技指数，港股通互联网指数。或可持续关注港股科技ETF（513020）机会。 没有股票账户的投资者可关注国泰中证港股通科技ETF发起联接A（015739），国泰中证港股通科技 ETF发起联接C（015740）。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 今日，港股科技ETF（513020）盘中涨超1%，近10日净流入超3.2亿元。 相关机构表示，美联储在9月FOMC会议上将联邦基金利率下调25个基点至4%~4.25%，并释放出10月极 有可能继续降息 ...

招商证券指出，9月以来港股市场表现强势，主要由内外部流动性改善驱动。美国就业数据弱于预期、 通胀温和，市场对美联储降息预期提升，美元指数和美债利率下行；港币汇率趋稳，HIBOR利率回 落；中报业绩期结束，互联网龙头担忧暂缓。结构上建议关注科技行业，短期利空出尽叠加AI叙事驱 动，关注港股科技板块。中期看，美联储若开启降息周期，中国香港地区作为离岸市场将受益于美元流 动性宽松环境。 港股科技ETF（513020）跟踪的是港股通科技指数（931573），该指数由中证指数有限公司编制，从港 股通范围内上市的科技行业公司中精选不超过50家优质企业作为成分股。重点覆盖【互联网+生物医药 +新能源车】等多个细分领域，旨在综合反映港股市场核心科技企业的整体表现。这些企业不仅在本土 市场占据优势，还在海外市场有较强的拓展能力。 没有股票账户的投资者可关注国泰中证港股通科技ETF发起联接A（015739），国泰中证港股通科技 ETF发起联接C（015740）。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指 ...

Group 1 - The expectation of interest rate cuts by the Federal Reserve is increasing, leading to a more accommodative external environment, which supports the outlook for the Hong Kong stock market to strengthen [1] - The solid fundamentals of the constituent stocks in the Hong Kong market also support the potential for further upward movement [1] - The Hong Kong stock market has a higher proportion of growth stocks, particularly in technology and pharmaceuticals, compared to the A-share market, providing a structural advantage [1] Group 2 - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which is compiled by China Securities Index Co., Ltd., selecting no more than 50 quality companies from the technology sector listed within the Stock Connect [1] - The index covers multiple sub-sectors including Internet, biomedicine, and new energy vehicles, aiming to reflect the overall performance of core technology enterprises in the Hong Kong market [1] - Companies in this index not only hold advantages in the domestic market but also possess strong expansion capabilities in overseas markets [1] Group 3 - Investors without stock accounts can consider the Cathay China Securities Hong Kong Stock Connect Technology ETF Initiated Link A (015739) and Link C (015740) [1]

Group 1 - The Hong Kong stock market is expected to continue its structural upward trend supported by the Federal Reserve's interest rate cut expectations and the ongoing recovery of A-share sentiment, with technology and consumer sectors being the most promising directions [1] - The recent improvement in liquidity in the Hong Kong stock market is attributed to the significantly lower-than-expected U.S. non-farm payroll data, which has led to a sharp decline in U.S. Treasury yields [1] - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which selects up to 50 quality companies from the technology sector listed within the Stock Connect range, covering areas such as internet, biomedicine, and new energy vehicles [1] Group 2 - Investors without stock accounts can consider the Cathay China Securities Hong Kong Stock Connect Technology ETF Initiated Link A (015739) and Link C (015740) [2]

Group 1 - The expectation of interest rate cuts by the Federal Reserve is increasing, leading to a more accommodative external environment, which supports the bullish outlook for the Hong Kong stock market [1] - The strong fundamentals of the constituent stocks in the Hong Kong market further bolster the potential for upward movement [1] - The Hong Kong stock market has a higher proportion of growth stocks, particularly in technology and pharmaceuticals, compared to the A-share market, providing a structural advantage [1] Group 2 - The Hong Kong Technology ETF (513020) tracks the Hong Kong Stock Connect Technology Index (931573), which is compiled by China Securities Index Co., Ltd., selecting up to 50 quality companies from the technology sector listed under the Stock Connect [1] - The index covers multiple sub-sectors including Internet, biomedicine, and new energy vehicles, aiming to reflect the overall performance of core technology enterprises in the Hong Kong market [1] - Companies in this index not only hold advantages in the domestic market but also possess strong expansion capabilities in overseas markets [1]

Group 1 - The core viewpoint indicates that with the increasing expectation of interest rate cuts by the Federal Reserve and a more accommodative external environment, the Hong Kong stock market is expected to strengthen in the future [1] - Recent performance shows that the Hong Kong stock market has lagged behind the A-share market, but the overall valuation of the Hang Seng Index and the Hang Seng Technology Index is more reasonable [1] - The solid fundamentals of the constituent stocks in the Hong Kong market support the continued upward movement of the market [1] Group 2 - The industry distribution in the Hong Kong stock market shows a higher proportion of growth stocks in technology and pharmaceuticals, providing a structural advantage over the A-share market [1] - The improving sentiment in AI internet and innovative pharmaceuticals suggests that the Hong Kong stock market may catch up in trading, with further room for valuation increases [1] - The Hong Kong Technology ETF (code: 513020) tracks the Hong Kong Stock Connect Technology Index (code: 931573), which selects up to 50 quality companies from the technology sector listed within the Stock Connect range [1] Group 3 - The index covers multiple sub-sectors including Internet, biomedicine, new energy vehicles, and chips, aiming to reflect the overall performance of core technology enterprises in the Hong Kong market [1] - These companies not only hold advantages in the domestic market but also possess strong expansion capabilities in overseas markets [1] - Investors without stock accounts can consider the Cathay China Securities Hong Kong Stock Connect Technology ETF Initiated Link C (015740) and Link A (015739) [1]

Group 1 - The core viewpoint indicates that with the increasing expectation of interest rate cuts by the Federal Reserve and a more accommodative external environment, the Hong Kong stock market is expected to strengthen in the future [1] - Recent performance shows that the Hong Kong stock market has lagged behind the A-share market, but the overall valuation of the Hang Seng Index and the Hang Seng Technology Index is more reasonable [1] - The solid fundamentals of the constituent stocks in the Hong Kong market support the continued upward movement of the market [1] Group 2 - The industry distribution in the Hong Kong stock market shows a higher proportion of growth stocks in technology and pharmaceuticals, providing a structural advantage over the A-share market [1] - The improving sentiment in AI internet and innovative pharmaceuticals suggests that the Hong Kong stock market may catch up in trading, with further room for valuation increases [1] - The Hong Kong Technology ETF (code: 513020) tracks the Hong Kong Stock Connect Technology Index (code: 931573), which selects up to 50 quality companies from the technology sector listed within the Stock Connect range [1] Group 3 - The index covers multiple sub-sectors including Internet, biomedicine, new energy vehicles, and chips, aiming to reflect the overall performance of core technology enterprises in the Hong Kong market [1] - These companies not only hold advantages in the domestic market but also possess strong expansion capabilities in overseas markets [1] - Investors without stock accounts can consider the Cathay China Securities Hong Kong Stock Connect Technology ETF Initiated Link C (015740) and Initiated Link A (015739) [1]